NHS PROPERTY SERVICES LIMITED
Company number: 07888110
Reporting period:
1 April 2018 to
30 September 2018
This report was filed on 30 October 2018
and approved by Julian Pearce
Payment statistics
Average time taken to pay invoices: 110 days
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 31%
- in 61 days or more: 47%
Invoices due but not paid within agreed terms: 96%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
NHS Property Services’ standard payment terms state that payment of third party invoices for goods and services will be made within 30 days of receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed in writing by a duly authorised representative.
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
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
NHS Property Services is committed to our suppliers and acting with integrity. We therefore endeavour to resolve all disputes in a fair and timely manner. We seek to resolves disputes by discussion and agreement with a supplier, managed by the dedicated accounts payable team.
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.
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