Score of 85.7/100 qualifies for PaymentCheck Certification
The data for THE CUMBRIA AND LANCASHIRE COMMUNITY REHABILITATION COMPANY LIMITED shows a gradual improvement in the average time taken to pay invoices over the past three periods. The company has consistently paid invoices within 30 days, with a slight decrease in the most recent period. However, there has been a significant decrease in the percentage of invoices paid between 31 and 60 days, as well as a decrease in the percentage of invoices paid later than 60 days. This indicates a trend towards earlier payment of invoices.
The data for THE CUMBRIA AND LANCASHIRE COMMUNITY REHABILITATION COMPANY LIMITED shows some volatility in the percentage of invoices paid within agreed terms. This percentage has fluctuated between 33% and 38% over the past three periods. However, there has been a consistent decrease in the percentage of invoices not paid within agreed terms, indicating an overall improvement in the company's payment practices.
The company's average time to pay invoices has improved from 37 days in the period of Sep 2018 to Feb 2019 to 26 days in the period of Sep 2020 to Feb 2021. This is a significant improvement of 11 days, or 29.7%, over the three periods. The company's performance in paying invoices within 30 days has remained relatively stable, with a slight decrease from 60% to 80%. However, there has been a significant improvement in the percentage of invoices paid between 31 and 60 days, with a decrease of 19% over the three periods. The company's worst period for paying invoices later than 60 days was in the period of Mar 2019 to Aug 2019, with 69% of invoices paid late. This has since improved to 8% in the most recent period.
| 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 | 26 | 80% | 17% | 3% | 8% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 17 | 80% | 16% | 4% | 8% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 26 | 72% | 20% | 8% | 14% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 24 | 21% | 69% | 10% | 25% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 37 | 45% | 33% | 22% | 33% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Sept 2018 | 33 | 48% | 36% | 16% | 38% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 27 | 60% | 27% | 13% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Sodexo Ltd 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?
No
Any other information about payment terms
A 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.
❌
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
The Cumbria and Lancashire Community Rehabilitation Company Limited is a company dedicated to providing rehabilitation services and support to individuals in the Cumbria and Lancashire regions. They work with offenders and ex-offenders to help them reintegrate into society and reduce their risk of reoffending.
Their sustainability program focuses on promoting environmentally friendly practices within the company and their services. They aim to reduce their carbon footprint and support the local community through various initiatives, such as using sustainable materials and supporting local businesses.
The company offers a range of services to support offenders and ex-offenders, including probation services, mental health support, and employment and training opportunities. They also work closely with community organizations and local authorities to provide holistic support to their clients.
The key people involved in the company include the CEO, who oversees the overall operations, and the Board of Directors, who provide strategic guidance and support. Additionally, their team consists of probation officers, counselors, and other professionals dedicated to helping individuals successfully rehabilitate.
The Cumbria and Lancashire Community Rehabilitation Company Limited can be contacted through their website, where individuals can find information on their services and resources. Their registered office address is located in Chorley, Lancashire.