The average time taken for CAREWATCH CARE SERVICES LIMITED to pay invoices has decreased from 52 days in Apr 2017-Sep 2017 period to 53 days in Jan 2018-Mar 2018 period and further to 47 days in Apr 2018-Sep 2018 period. This indicates that the company has improved its payment process and is paying invoices faster.
The percentage of invoices paid within 30 days has increased from 38% in Apr 2017-Sep 2017 period to 35% in Jan 2018-Mar 2018 period and further to 47% in Apr 2018-Sep 2018 period. This shows that there has been a significant improvement in the timely payment of invoices by the company.
| 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 2018 - 30 Sept 2018 | 18 Dec 2018 | 47 | 47% | 27% | 26% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company enters into a range of agreements for the goods/services it receives. The standard terms of the company are 30 days from receipt of a valid invoice.
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
30
Carewatch Care Services Limited actively seeks to resolve disputes by discussing with relevant personnel at the supplier. Discussions may involve accounts payable and credit control, procurement and commercial teams as well as members of management where necessary.
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
CAREWATCH CARE SERVICES LIMITED is a dissolved private limited company, incorporated on 18 July 1994, based in the North West region. Registered business activity: Social work activities without accommodation for the elderly and disabled.
From Companies House records.