THE COVENTRY AND RUGBY HOSPITAL COMPANY PLC
Company number: 04508763
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
31 January 2023
Approved by:
Ben Dean
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 16%
- in 61 days or more: 16%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 54%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Hard Facilities Management invoices are invoiced during the contract month and are payable on the last day of the following month.- Soft Facilities Management invoices are invoiced in the contract month and is due the later of: the last day of the contract month or 10 business days after receipt of the invoice.- Medical Equipment Services invoices are due later of 15th day of the contract month the provider serves its invoice or 15 business days after receipt.- Majority of other invoices' payment terms are 30 days.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Dispute Resolution Procedure is set out in all major contracts with subcontractors. Additional queries will be dealt with directly with suppliers on an ad-hoc basis
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