Score of 90.57/100 qualifies for PaymentCheck Certification
| 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 2025 - 30 Sept 2025 | 31 Oct 2025 | 15 | 85% | 11% | 4% | 15% |
| 01 Oct 2024 - 31 Mar 2025 | 13 Aug 2025 | 19 | 87% | 12% | 1% | 13% |
| 01 Apr 2024 - 30 Sept 2024 | 05 Aug 2025 | 20 | 87% | 12% | 1% | 13% |
| 01 Oct 2023 - 31 Mar 2024 | 04 Aug 2025 | 21 | 87% | 12% | 1% | 13% |
| 01 Apr 2023 - 30 Sept 2023 | 15 Aug 2024 | 22 | 84% | 13% | 2% | 15% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 25 | 75% | 20% | 5% | 25% |
| 01 Apr 2022 - 30 Sept 2022 | 03 Nov 2022 | 27 | 75% | 20% | 5% | 25% |
| 01 Oct 2021 - 31 Mar 2022 | 20 Jun 2022 | 24 | 78% | 18% | 4% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 19 Oct 2021 | 25 | 77% | 18% | 5% | 23% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 28 | 75% | 19% | 5% | 25% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 32 | 63% | 29% | 8% | 37% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days - this could vary in relation to the supplier or service provided. This is managed and controlled by relevant stakeholders responsible for the supplier relationship. Our conditions of awards state all claims invoiced will be paid within 30 days of receipt subject to the required verifications and authorisation. Award invoices must go through a three stage process. 1. Finance receive and log the invoice 2. The invoice is sent to the operations team for verification and authorisation. The authorisation is subject to the scrutiny below 3. Once the invoice is authorised it is returned to finance for payment on the next scheduled month end payment run. Any claims received must contain sufficient detail to enable us to verify the costs incurred against the financial breakdown provided with the associated award letter. Unfortunately a number of invoices are received which either lack sufficient information or with costs that have not been approved. Therefore to meet audit requirements we must request additional information which delays authorisation and payment of invoices.
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
30
We refer to the contract between parties as a starting point, and if there are specific issues and challenges then we will engage in a discussion to find a mutually acceptable solution.
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
VERSUS ARTHRITIS is an active private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 13 January 1951, based in the East Midlands region. Registered business activity: Other human health activities.
From Companies House records.