| 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 Feb 2019 - 31 Jul 2019 | 27 Nov 2019 | 27 | 70% | 25% | 5% | 30% |
| 01 Aug 2018 - 31 Jan 2019 | 05 Jul 2019 | 30 | 84% | 10% | 6% | 16% |
| 01 Feb 2018 - 31 Jul 2018 | 05 Jul 2019 | 30 | 82% | 12% | 6% | 18% |
| 01 Aug 2017 - 31 Jan 2018 | 01 Mar 2018 | 10 | 99% | 1% | 0% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless otherwise stated in the Order, the University shall pay the Price of the Goods and the Services within thirty (30) days after the end of the month of receipt by the University of a proper invoice or monthly statement of account (as applicable) or, if later, after acceptance of the Goods or Services in question by the University.
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
Disputes shall be resolved by the Faculty / Department directly. Matters shall then be escalated to the University's in-house Solicitor.
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
LIVERPOOL HOPE UNIVERSITY is an active private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 29 November 1996, based in the North West region. Registered business activity: First-degree level higher education.
From Companies House records.