ASPRIS CHILDREN'S SERVICES LIMITED
Company number: 06244880
Reporting period:
1 September 2023 to 29 February 2024
Report filed on:
28 March 2024
Approved by:
Ryan Jervis
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 23%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 16%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
Calculations based on allowing 30 days terms for agency, this follows the same process as the previous submission. There are more invoices paid in under 31 days due to Amazon being paid on 14 days when actual terms being on 30 days. The number of direct debits has also further increased due to Sandcastle and Bridgehouse. Users have more experience of the system which also shows in the improved time to pay figures.
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
45 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes relating to payment are referred to the Accounts Payable Department located at the Aspris Finance office, 10 Pioneer Court, Darlington in the first instance to determine the reasons for such disputes. Thereafter follows an established process involving discussions with the supplier in question, operational teams, Procurement and other central support services personnel as needed to satisfactorily resolve such disputes in a timely manner.
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