CARE UNBOUND LIMITED

Company number: 06528491

Reporting period:
1 April 2024 to 30 September 2024

This information is as reported by the business, and responses are in their own words.

This report was filed on 29 October 2024

and approved by Lesley Jay

Payment statistics

Average time taken to pay invoices: 18 days

Invoices paid:

within 30 days: 93%
in 31 to 60 days: 5%
in 61 days or more: 2%

Invoices due but not paid within agreed terms: 1%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

We use 30 day payment terms for all invoices unless the supplier specifies something different. There are no extended contractual payment relationships at this present time.

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

All correspondence with suppliers is via our central email address bics.invoicing@nhs.net. Any dispute over invoices, amounts or bank details are managed by our Finance team to enable the quickest and best resolution. We endeavour to respond to any emails within 5 working days.

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.

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.

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?