Industry ranking
Score of 91.7/100 qualifies for PaymentCheck Certification
The average time taken for SANCTUARY CARE (NORTH) LIMITED to pay invoices has increased over the past three periods. In the first period (Apr 2019 - Sep 2019), the average time was 16 days, which increased to 19 days in the second period (Oct 2019 - Mar 2020) and further increased to 22 days in the third period (Apr 2020 - Sep 2020).
The volatility in the time taken to pay invoices for SANCTUARY CARE (NORTH) LIMITED has remained relatively stable over the past three periods. The percentage of invoices paid within 30 days has fluctuated between 85% and 94%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 3% and 10%. The percentage of invoices paid later than 60 days has also remained stable, ranging between 3% and 5%.
In the first period (Apr 2019 - Sep 2019), SANCTUARY CARE (NORTH) LIMITED had an average time of 16 days to pay invoices. During this period, 89% of invoices were paid within 30 days, 8% were paid between 31 and 60 days, and 3% were paid later than 60 days. Additionally, 30% of invoices were not paid within agreed terms.
| 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 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 19 | 94% | 3% | 3% | 20% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 16 | 89% | 8% | 3% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard payment terms are 30 days, with the exception of public utilities and food wholesalers.
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
It is the Company's intention to pay suppliers on time, all the time. Where there is a query in respect of payment, suppliers are able to contact our centralised dedicated supplier Finance Service Desk, details of which and an explanation of the process can be found on our website, www.sanctuary-group.co.uk/suppliers/payment-process
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
Sanctuary Care (North) Limited is registered for residential nursing care facilities and forms part of the Sanctuary group, a UK not-for-profit housing and care provider. The wider Sanctuary group operates around 110 to 111 care homes under its Sanctuary Care brand across England, alongside housing, supported living and student accommodation activities. This entity's own registered role, as indicated by its name and SIC classification, relates to providing residential nursing care within that group structure, rather than the broader housing operations described on the group's website. No further detail on individual homes or specific locations operated by this particular subsidiary was provided in the evidence.
Generated from the company's website and Companies House records. Sources: sanctuary-housing.co.uk · sanctuary-housing.co.uk