Score of 89.1/100 qualifies for PaymentCheck Certification
The data shows that there has been a fluctuation in the average time taken for THE NORFOLK AND SUFFOLK COMMUNITY REHABILITATION COMPANY LIMITED to pay invoices to suppliers. The trend has been generally decreasing from 2017 to 2019, with a significant drop in 2019. However, there was a slight increase in the average time to pay in 2020, but it has since decreased again in 2021.
There is moderate volatility in the percentage of invoices paid within 30 days, with a range of 14% to 79%. The percentage of invoices paid between 31 and 60 days has also shown moderate volatility, with a range of 16% to 27%. However, there is high volatility in the percentage of invoices paid later than 60 days, with a range of 3% to 18%.
From the data, it is clear that there has been a general decrease in the average time taken for THE NORFOLK AND SUFFOLK COMMUNITY REHABILITATION COMPANY LIMITED to pay invoices to suppliers. This trend was broken in 2020, where there was a slight increase in the average time to pay. However, it has since decreased again in 2021.
| 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 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 19 | 79% | 18% | 3% | 3% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 23 | 73% | 21% | 6% | 12% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 31 | 62% | 27% | 11% | 17% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 20 | 14% | 77% | 9% | 23% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 29 | 66% | 16% | 18% | 29% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Sept 2018 | 28 | 68% | 21% | 11% | 26% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 26 | 63% | 27% | 9% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for vendors across all business segments are 60 days from date of invoice and 30 days for SMEs
Were there any changes to the standard payment terms in the reporting period?
Over the reporting period Sodexo has reviewed and validated all remaining vendors and amended payment terms for these vendors to 60 days, This change is aligned to Sodexo’s strategy on embedding a continuous focus on Responsible Payment Culture aligned to the Government guidelines and strategy
Any other information about payment terms
A new process is in place for onboarding new suppliers whereby SMEs are identified and put on 30 days payment terms and all other suppliers are on 60 days payment terms
Maximum contractual payment period agreed
60
Supplier payment issues that arise in the first instance are addressed by a dedicated Accounts Payable queries team within the Financial Shared Services centre. Depending on the issue, the Procurement team may be involved to resolve any disputes or issues. Sodexo ensures that the payment of its vendors and handling of queries has a high priority and has SLAs on response times. Over the last number of years we have invested in tools and technology to assist our vendor from our Shared Service Centre with OCR and supply management by providing alternative finance and ease of payment solutions.
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
The Norfolk and Suffolk Community Rehabilitation Company Limited is a private limited company incorporated in December 2013 and registered in London. Its registered nature of business is classified under justice and judicial activities. The company's name indicates it operated as a Community Rehabilitation Company, a type of organisation established under reforms to the probation system in England and Wales, working in the justice sector to support offender rehabilitation in the Norfolk and Suffolk area. No further detail on specific services, contracts or current trading activity is available from the evidence supplied, beyond its registration and classification under the justice and judicial activities category.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk