TUNSTALL HEALTHCARE (UK) LIMITED
Company number: 01332249
Reporting period:
1 April 2022
to 30 September 2022
This report was filed on 14 June 2023
and approved by j furniss
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 51%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 70 %
Payment terms
Standard payment period for qualifying contracts
7 days
Standard payment terms
Payment terms as per supplier terms and conditions, some are negotiated for extended terms
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
150 days
Any other information about payment terms
N/A
Dispute resolution process
Where a dispute arises with a supplier invoice the supplier is advised within 7 days of receipt. The query is stored on our AP Docuware workflow system and a resolution is expected from the supplier within 14 days of advising. If not resolved to both parties satisfaction within this period it will be escalated to senior management for a decision
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