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SELWOOD HOUSING SOCIETY LIMITED

Company number: 04168336

Reporting period:
1 April 2023 to 30 September 2023

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This information is as reported by the business, and responses are in their own words.

This report was filed on 17 October 2023

and approved by Chris Butters

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

• within 30 days: 77%
• in 31 to 60 days: 17%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 13 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Selwood Housing’s standard contractual length of time for payment of invoices is 30 days

The maximum contractual payment period is 30 days.
There have been no changes to the standard payment terms in the reporting period

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

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

If the dispute relates to whether the goods or services that have been invoiced were actually provided the Selwood Housing contract manager will resolve this with the relevant manager at the supplier. If the Selwood Housing contract manager confirms the goods or services have been received Selwood Housing’s team manager will resolve the dispute with the credit controller from the supplier organisation

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