NOTTINGHAM REHAB LIMITED

Company number: 01948041

Reporting period:
1 October 2019 to 31 March 2020

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

This report was filed on 22 April 2020

and approved by John Makin

Payment statistics

Average time taken to pay invoices: 40 days

Invoices paid:

within 30 days: 39%
in 31 to 60 days: 44%
in 61 days or more: 17%

Invoices due but not paid within agreed terms: 45%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

Payable 30 days from invoice date

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

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Complaints regarding non-payment of invoices are handled by the accounts payable team, who will confirm that the invoice has been received, recently paid, is due for payment or on hold. If this does not resolve the query and/or the invoice is not available for payment (on hold), they will follow one of the following resolution routes.

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.

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?