THE MEDICAL AND DENTAL DEFENCE UNION OF SCOTLAND
Company number: SC005093
Reporting period:
1 January 2023 to 30 June 2023
Report filed on:
20 July 2023
Approved by:
James Parker
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 18%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 22%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Payment terms are in accordance with those stated on the supplier invoices. Where new suppliers are added to our systems their payment terms are setup as part of the supplier profile. All payments made will pick up the terms in accordance to those recorded against the supplier profile on our accounting system. For payments requiring immediate payment these will be paid in the next payment run subject to all of the necessary approvals.
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
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any disputes would be dealt with in the first instance by contacting the budget holder who has been contracted with. Additionally, suppliers can contact the accounts payables team (invoices@mddus.com) where we will liaise with the budget holders who contracted with the suppliers. Issues can be escalated to the Executive Directors or Board in cases where disputes cannot be resolved by budget holders or the Finance team.
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