| 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 2023 - 31 Mar 2024 | 05 Sept 2024 | 35 | 52% | 45% | 3% | 3% |
| 01 Apr 2023 - 30 Sept 2023 | 05 Sept 2024 | 37 | 44% | 52% | 4% | 4% |
| 01 Oct 2022 - 31 Mar 2023 | 05 Sept 2024 | 35 | 58% | 39% | 3% | 3% |
| 01 Apr 2018 - 31 Mar 2019 | 15 Jul 2019 | 44 | 35% | 64% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority (90%+) of the supply chain are trading on 30 days EOM or less. EOM (End of Month) is adopted due to the large supply base.
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
60
For any issues relating to payments a supplier has the ability to contact our central accounts payable team for an update on invoice statuses. If an invoice is in query or under review the supplier would be advised of this and given an overview of the issue at hand. If they wish to have further discussion on the issue they will be guided to the department that has raised the query to clarify. Our most common reasons for invoices in query are price variations to contracted rates, delivery status and site receipting.
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
HC-One Oval Limited is a leading provider of high-quality care services for elderly individuals in the United Kingdom. The company was founded in 2011 and is headquartered in Darlington, England.
The main focus of HC-One Oval Limited is to provide exceptional care and support to its residents, with a mission to be the first choice care provider in every community where they operate. The company operates over 300 care homes in England, Scotland, and Wales, making it one of the largest care providers in the country.
HC-One Oval Limited places a strong emphasis on sustainability and has implemented several initiatives to reduce its environmental impact. This includes using energy-efficient equipment and encouraging recycling and waste reduction in all of its care homes.
The company offers a range of services for elderly individuals, including residential care, nursing care, dementia care, and respite care. They also have specialized programs for individuals with complex needs and those requiring end-of-life care.
The key people behind HC-One Oval Limited include CEO Justin Hutchens, who has over 20 years of experience in the healthcare industry, and Chairman Dr. Chai Patel, a renowned expert in the field of elderly care.
For more information on HC-One Oval Limited and its services, individuals can visit their website at www.hc-one.co.uk. The registered office address is HC-One Limited, Darlington House, 8-10 Brinkburn Street, Darlington, DL3 6DX.