NORTON HEALTHCARE LIMITED

Company number: 00947980

Reporting period:
1 July 2022 to 31 December 2022

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This report was filed on 30 January 2023

and approved by Roland Potts

Payment statistics

Average time taken to pay invoices: 66 days

Invoices paid:

• within 30 days: 3%
• in 31 to 60 days: 27%
• in 61 days or more: 70%

Invoices due but not paid within agreed terms: 12%

Payment terms

Shortest standard payment periods

120 days

Longest standard payment period

Answer not provided

Standard payment terms

120 days paid on the following 10th or 25th of the month

Were there any changes to the standard payment terms in the reporting period?

Increase from 60 days to 120 days

Were suppliers notified or consulted about these changes before they were made?

Vendors have been consulted and agreed prior to any changes being made

Maximum contractual payment period agreed

120 days

No further comment provided

Any other information about payment terms

Figures disclosed include intercompany payment transactions. Results for 3rd party suppliers alone differs only on average days taken to pay which is 65

Dispute resolution process

Invoices are sent to the PO requestor or approver for review via ERP system and discrepancies are raised with the vendor. Queries may also be advised to Finance Shared Services, who would advise the vendor of the query and reason for non-payment

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, 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.

Yes

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