The average time taken for BLUE CROSS to pay invoices has decreased from 30 days in the period of Jan-Jun 2018 to 18 days in the period of Jul-Dec 2019.
The volatility of average time taken to pay invoices has decreased over the three periods, with a decrease from 16 days in Jan-Jun 2018 to 4 days in Jul-Dec 2019.
In the three periods analysed, BLUE CROSS has shown an improvement in their payment process, with an average decrease of 12 days in the time taken to pay invoices.
| 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 Jul 2019 - 31 Dec 2019 | 16 Mar 2020 | 18 | 83% | 16% | 1% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 14 | 91% | 8% | 1% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 11 Jul 2019 | 14 | 91% | 0% | 9% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 30 | 86% | 0% | 14% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Normal settlement is 30 days. Where suppliers offer discounts for quicker settlement or offer staged payments over several months the choice of payment terms will be made pragmatically. Invoices received after their due date will be paid as soon as practical.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
300
Disputes would be handled between principal contact at Blue Cross and supplier. Disputes are rare as purchase order system assures clarity from both parties before supply happens
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
Blue Cross is a registered UK charity, previously named The Blue Cross (incorporating Our Dumb Friends League) until 2012. Companies House records list its activities as veterinary services, other retail sale in non-specialised stores and other service activities, reflecting an operation that combines veterinary care with charity retail and wider support services. It is registered as a private company limited by guarantee without share capital, incorporated in 1940 and based in Oxfordshire. No further detail on specific services, funding or scale is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk