| 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 Oct 2018 - 31 Mar 2019 | 18 Apr 2019 | 40 | 43% | 47% | 10% | 16% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 37 | 48% | 48% | 4% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are the final day of the following month. Payment is made by BACS.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Purchase Ledger team places invoice on hold within reporting system, logged as 'On Hold' for investigation and queried direct (by phone or email) with supplier or service provider until resolved. Typically resolution is achieved swiftly (within 30 days).
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.
❌
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.
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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
Prime Life Limited operates care homes across the UK, with a particular concentration in the Leicestershire area. It provides health and social care services including elderly care, care for physical disabilities, sensory and cognitive impairment, respite care, mental health support, dementia care, care for younger adults with learning disabilities, and supported living. The company runs more than 60 purpose built care homes, aiming to offer tailored standards of living, and comfortable, homely and safe environments for residents. Prime Life Limited is registered in Leicestershire and has been active since its incorporation in 1993, operating under the SIC code for other human health activities.
Generated from the company's website and Companies House records. Sources: prime-life.co.uk