CORNWALL HOUSING LIMITED
Company number: 04662007
Reporting period:
1 April 2018 to
30 September 2018
This report was filed on 30 October 2018
and approved by Nick Cross - Managing Director
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 28%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 34%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
Cornwall Housing is one of a number of Local Authority controlled companies set up by Cornwall Council and generally follows prompt payment practices similar to the Council intending to pay all it’s suppliers within 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
For all disputed invoices, suppliers need to email finance@cornwallhousing.org.uk
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.
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