| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Apr 2019 - 30 Sept 2019 | 21 Oct 2019 | 42 | 39% | 40% | 21% | 52% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 56 | 12% | 35% | 53% | 38% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 40 | 43% | 37% | 21% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company’s standard terms require that the company ensures payments are made to the supplier in accordance with the payment period agreed with its suppliers. The only reason a payment may fail to meet the payment terms is if the invoice is under dispute or another arrangement has been made.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The company’s standard payment period is 30 days for most suppliers, with the exception of it’s main dental supplier which has a 90 day term agreed. This is the maximum payment period offered by the company. Rent and service charges paid on demand. Ad hoc invoices are paid on a next day basis if required, otherwise the standard 30 day term is applied.
Maximum contractual payment period agreed
90
All invoices are addressed to the company’s Head office address and approved by the relevant individual. Complaints regarding payments usually sit with the accounts team who are responsible for paying suppliers. If another department have advised not to pay the invoice due to disputes with the goods/services, the accounts team are made fully aware of the reason so they can follow up to ensure it is resolved in a timely manner. This ensures there is only one point of contact for the suppliers to prevent confusion and further delay. Invoices are not paid until the dispute is resolved, either with a credit note or approval of original invoice by individual responsible to authorise.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Rodericks Dental Limited is registered under SIC code 86230, dental practice activities, and is part of the Rodericks Dental Partners group. Evidence shows it operates dental practices trading under local brand names, including One One Nine Family Dental in Streatham, London. This practice provides NHS and private dentistry for the whole family, covering check-ups, hygiene appointments, fillings, extractions, crowns, bridges, implants, Invisalign, teeth whitening, composite bonding and gum disease treatment. Patients can also access dental payment plans such as Denplan. The company has been incorporated since 1923 and remains active, with its registered office in Northampton.
Generated from the company's website and Companies House records. Sources: 119dental.co.uk