We're committed to ensuring all accurate and appropriate invoices for supplies, works and services are paid promptly in line with our invoice payment policy.
We also comply with the Prompt Payment Code, which sets the standards for payment practices and best practice and is administered by the Chartered Institute of Credit Management.
Our standard payment terms means invoices are normally settled within 30 days. However in recognition of potential cash flow implications, our policy includes a commitment to pay local small and medium sized enterprises within 10 days following receipt of invoice.
Annual invoice payment performance
We publish our supplier invoice payment performance reports in compliance with Regulation 113 of the Public Contracts Regulations 2015.
Invoice payment performance financial year 2022 to 2023
- Proportion of valid and undisputed invoices paid within 30 days: 99.10 percent
- Amount of interest paid to suppliers due to a breach of the requirement in Regulation 113 of PCR2015: £5.76
- The total amount of interest liable (whether or not paid) due to a breach of Regulation 113: £7,628.34
Invoice payment performance financial year 2021 to 2022
- Proportion of valid and undisputed invoices paid within 30 days: 99.16 percent
- Amount of interest paid to suppliers due to a breach of the requirement in Regulation 113 of PCR2015: £0.22
- The total amount of interest liable (whether or not paid) due to a breach of Regulation 113: £3,956.94
Invoice payment performance financial year 2020 to 2021
- Proportion of valid and undisputed invoices paid within 30 days: 98.85 percent
- Amount of interest paid to suppliers due to a breach of the requirement in Regulation 113 of PCR2015: £67.20
- The total amount of interest liable (whether or not paid) due to a breach of Regulation 113: £4,678.92
Invoice payment performance financial year 2019 to 2020
- Proportion of valid and undisputed invoices paid within 30 days: 99.32 percent
- Amount of interest paid to suppliers due to a breach of the requirement in Regulation 113 of PCR2015: Nil
- The total amount of interest liable (whether or not paid) due to a breach of Regulation 113: £1,528.58
Invoice payment performance financial year 2018 to 2019
- Proportion of valid and undisputed invoices paid within 30 days: 99.09 percent
- Amount of interest paid to suppliers due to a breach of the requirement in Regulation 113 of PCR2015: Nil
- The total amount of interest liable (whether or not paid) due to a breach of Regulation 113: £2,538.45
Invoice payment performance financial year 2017 to 2018
- Proportion of valid and undisputed invoices paid within 30 days: 98.54 percent
- Amount of interest paid to suppliers due to a breach of the requirement in Regulation 113 of PCR2015: £1,033.10
- The total amount of interest liable (whether or not paid) due to a breach of Regulation 113: £4,429.61
Invoice payment performance financial year 2016 to 2017
- Proportion of valid and undisputed invoices paid within 30 days: 95.59 percent
- Amount of interest paid to suppliers due to a breach of the requirement in Regulation 113 of PCR2015: Nil
- The total amount of interest liable (whether or not paid) due to a breach of Regulation 113: £19,732.88