GOV.UK
PARTNERSHIPS IN CARE SCOTLAND LIMITED
Company number: 04727112
Reporting period:
1 July 2022
to 31 December 2022
This report was filed on 25 January 2023
and approved by Jim Lee - UK Finance Director
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 12%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 8 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
45 days
Standard payment terms
The Priory Group has established consistent payment terms for all legal entities on the following basis:
The standard contractual length of time for the payment of invoices is established as:
Shortest standard payment period is 0 days
Longest standard payment period is 45 days.
As an organisation we do not require or make available early settlement discounts as part of any contractual agreement.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
The maximum contractual payment period is 60 days. This move, as part of an integration with Median, brings Priory into line with Group policy following a change of ownership.
Any other information about payment terms
There have been no changes to our standard payment terms however should a supplier have been newly appointed during the reporting period then our standard internal payment terms are made known on the supplier set up form as issued to the supplier for completion at the time of appointment. Additionally, from January 2019 scheduled payments to suppliers are now made four times in each calendar month, previously paid twice monthly.
Dispute resolution process
Disputes relating to payment are referred to the Group Accounts Payable Manager located at the Priory Group Northern Office, Middleton St George in the first instance to determine the reasons for such disputes. Thereafter follows an established process involving discussions with the supplier in question, operational teams, Group Purchasing and other central support services personnel as needed in an effort to satisfactorily resolve such disputes in a timely manner.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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