CITY HOSPITALS INDEPENDENT COMMERCIAL ENTERPRISES LIMITED
Company number: 08808703
Reporting period:
1 October 2022 to 31 March 2023
Report filed on:
28 April 2023
Approved by:
Claire Povey
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 70%
- in 61 days or more: 12%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 Days from date of receipt of invoice
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
No further comment provided
Dispute resolution process
If the organisation has been invoiced incorrectly - e.g. an invoices is made out the the wrong organisation or excludes a valid purchase order number, then the supplier will be contacted and asked to cancel and resubmit the invoice.
All invoices where the goods/service have been received, the invoice has been addressed to the correct organisation and submit to the physical address or email address quoted on the purchase order should be paid within the agreed terms.
Any invoices that comply with the above but have not been queried within the agreed terms shoud be queried initally with the Accounts Payable department. The reasons for non-payment will then be investigated and the supplier will be contacted within an agreed timescale with a reason why the invoice has not been paid and what needs to be done to rectify this.
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.
Yes, this business has signed up to: NHS BETTER PAY,MENT PRACTICE CODE
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