PHOENIX HEALTHCARE DISTRIBUTION LIMITED
Company number: 00129370
Reporting period:
1 February 2018 to 31 July 2018
Report filed on:
30 August 2018
Approved by:
Kevin Robert Hudson
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 12%
- in 31 to 60 days: 68%
- in 61 days or more: 20%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 45%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
120 days
Standard payment terms
Standard contractual terms for goods and services is end of the following month. Depending on the category higher or lower standard payment terms may also be employed in line with industry standards for those areas.
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
64 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes or complaints should be communicated to the Phoenix Healthcare Distribution Limited purchase ledger reconciliation clerk in the first instance and can be escalated to the purchase ledger supervisor or manager, if necessary.
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