AVANTE CARE AND SUPPORT LIMITED
Company number: 02565021
Reporting period:
1 April 2023 to 30 September 2023
Report filed on:
31 October 2023
Approved by:
Debbie Norman
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 7%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Avante's standard payment terms are applied which are 30 days from date of invoice
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
30 days
In the period, the maximum contractual payment period was 30 days
Any other information about payment terms
We adopted a new AP Authorisation system which has caused some payment delays during implementation but you can see this has now taken full effect and has improved our average time to pay invoices by 7 days.
Dispute resolution process
Any queries routed through the Finance Department will be coordinated by the Finance Officers and/or Management Accountant. They will liaise with the supplier and the budget holder until the query is resolved.
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.
Yes, this business has signed up to: Prompt Payment Code
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