| 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 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 43 | 45% | 48% | 7% | 37% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 42 | 41% | 51% | 8% | 38% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 43 | 45% | 47% | 8% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 43 | 38% | 49% | 13% | 55% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 41 | 46% | 43% | 11% | 45% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 44 | 42% | 45% | 13% | 52% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 46 | 40% | 47% | 13% | 51% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 43 | 42% | 46% | 12% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Extracts of our standard terms and conditions are shown below: Subcontractors - The final date for payment of each payment application shall be 30 days from the application date where payments are made monthly. Suppliers - Payment shall be made 30 days following the end of the month in which the Product(s) were delivered.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment runs are once per month at the end of each month and therefore invoices will be paid on the first available payment run following approval of the payment. This may result in the payment of invoices being overdue by a few days.
Maximum contractual payment period agreed
61
In the event of a dispute over payment then this would be dealt within in line with our payment approval and authorisation policy. It would initially be dealt with by the responsible department then passed to our Group Procurement Manager and then our Internal General Counsel to find a resolution.
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
CHURCHILL RETIREMENT LIVING LIMITED is a UK-based company that specializes in building and managing retirement homes for senior citizens. Established in 1994, the company has become one of the leading providers of retirement housing in the country.
The company's sustainability program focuses on creating environmentally friendly and energy-efficient properties. They use sustainable materials and technologies in their construction process, such as solar panels and energy-efficient lighting. Their properties also have communal gardens and green spaces to promote a healthy and sustainable lifestyle for their residents.
CHURCHILL RETIREMENT LIVING LIMITED offers a range of retirement homes, including apartments and bungalows, designed specifically for older adults. These properties are equipped with modern amenities and facilities, such as on-site managers, communal lounges, and guest suites, to provide a comfortable and secure living environment for their residents.
The key people behind the success of CHURCHILL RETIREMENT LIVING LIMITED are Spencer and Clinton McCarthy, who are the founders and joint managing directors of the company. They have over 30 years of experience in the retirement housing sector and are dedicated to providing high-quality homes for seniors.
The company's website (www.churchillretirement.co.uk) provides information about their retirement homes, including location, prices, and availability. They also have a dedicated customer service team that can assist with any inquiries or questions.
The registered office address of CHURCHILL RETIREMENT LIVING LIMITED is at Millstream House, Maidenhead Road, Windsor, Berkshire, SL4 5GD. Overall, the company is committed to providing sustainable and comfortable retirement homes for the elderly, making their golden years truly enjoyable.