ST. CLOUD CARE LIMITED
Company number: 02230827
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
31 January 2019
Approved by:
A Rubinstein
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 54%
- in 61 days or more: 1%
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: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
56 days
Standard payment terms
Unless agreed in an individual contract the company's standard payment terms are payment in the month following the date of invoice subject to the invoice being correct and supported by official purchase order and GRN report.
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
365 days
Under individual contracts the company has agreed to pay by Direct Debit annual charges equally over a period of 10 or 12 months for example CQC registration fees and Council Tax.
Any other information about payment terms
N/A
Dispute resolution process
Invoices are checked against purchase orders and GRN reports, any discrepancies are raised by the Purchase Ledger controller with the suppliers accounts team. Where there are shortfalls, over charges etc the invoice concerned will not be paid until the relevant credit note or revised invoice has been received and processed. Where discrepancies cannot be resolved in the first instance these will be referred to the Facility & Procurement Administrator in the first instance and escalated to the Financial Controller or Director as necessary.
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