ROYAL TRINITY HOSPICE

Company number: 02673845

Reporting period:
1 April 2018 to 30 September 2018

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This report was filed on 24 October 2018

and approved by Liesel Payne

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

• within 30 days: 79%
• in 31 to 60 days: 19%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 20%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

30 days

Standard payment terms

Our standard payment terms are 30 days or contractual terms where they differ. Some utility suppliers and temp agencies require payment terms of less than 30 days.

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

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Invoice dispute resolutions are dealt with by the operational department purchasing the goods or services with support from the finance department. We do not have a dedicated purchasing department, given our size. We aim to have the dispute resolved before the due date of the invoice, but this is not always the case.

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