HOUSING MAINTENANCE SOLUTIONS LIMITED

Company number: 07237932

Reporting period:
1 April 2017 to 31 March 2018

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This report was filed on 31 October 2018

and approved by Peter Fieldsend

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

• within 30 days: 91%
• in 31 to 60 days: 7%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 2%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Within 30 days of the receipt of the undisputed invoice from the service provider

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

Sub-contractor terms were introduced to take account of the requirements of the Construction Act.

Were suppliers notified or consulted about these changes before they were made?

Communications were issued to suppliers and workshops were held.

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The HMS contract manager is responsible for concluding the issue with the supplier and ensuring any actions taken comply with the Group Financial Regulations. Should the escalation process need to be used the relevant senior HMS Contract Manager will be required to solve the matter within 5 days. In the unlikely event the issue cannot be solved Group Executive Directors will become involved with the use of dispute resolution from an external organisation as the last resort.

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 Payer 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.

Yes

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