NOTTINGHAM REHAB LIMITED

Company number: 01948041

Reporting period:
1 October 2022 to 31 March 2023

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This report was filed on 28 April 2023

and approved by Simon Hall

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

• within 30 days: 43%
• in 31 to 60 days: 41%
• in 61 days or more: 16%

Invoices due but not paid within agreed terms: 40%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

30 DAYS FROM DATE OF INVOICE, SOME KEY SUPPLIERS ARE 60 DAYS FROM DATE OF INVOICE

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

Answer not provided

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

N/A

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Complaints regarding non-payment of invoices are handled by the accounts payable team, who will confirm that the invoice has been received, recently paid, is due for payment or on hold. If this does not resolve the query and/or the invoice is not available for payment (on hold), they will follow one of the following resolution routes. (a) Invoices relating to stock purchases are compared to the purchase order. Where values do not match, they are placed on hold for our purchasing team to query with the supplier. Once the issue is resolved and a document to correct the difference is received, the invoices(s) will be cleared for payment. (b) Invoices relating to non-stock items require approval from the requestor prior to being made available for payment. The requestor will deal directly with the supplier when discrepancies arise. Once any issues are resolved, the invoice(s) will be passed for 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.

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