PARKINSON'S DISEASE SOCIETY OF THE UNITED KINGDOM
Company number: 00948776
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
23 January 2023
Approved by:
Katrina Green, Finance Trustee
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 15%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 27%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
30 days
Standard payment terms
By default, payment terms are 30 days from
invoice date unless specified by the supplier.
Certain preferential suppliers (e.g. volunteers
or sole traders) will be paid at the earliest
available payment date.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
Our standard terms and conditions for suppliers can be found at:
parkinsons.org.uk/standardterms
All invoices or statements must be submitted only to payments@parkinsons.org.uk Emails to any other address (e.g. individual staff
members) may cause delay in payment.
All invoices must state a valid purchase order number. Any invoices received without this will be returned to the supplier unpaid.
Dispute resolution process
All suppliers should have a named staff contact for agreed work. If there is a dispute with any invoice this will be raised with the
supplier by the named contact and copied to payments@parkinsons.org.uk Payment will not be made by the Finance Team until
approval has been received from the named staff contact or relevant budget holder. Specifics can be found in our Standard Terms and
Conditions for Suppliers at: parkinsons.org.uk/standardterms
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No