Prompt Payment
The Council is a signatory to the Department for Business Innovation and Skills Prompt Payment Code.
The Council adheres to the standards for payment practices and always aims for best practice as recommended by the code administered by the Chartered Institute of Credit Management.
Below is a table showing the Council's most recent prompt payment statistics.
| Prompt payment statistics | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 / 21 | 2019 / 20 | 2018 / 19 | 2017 / 18 | 2016 / 17 | ||||||
| Number of invoices processed | 4,629 | 6,163 | 5,864 | 5,614 | 5,542 | |||||
| Number of invoices paid within 30 days | 4,599 | 99.35% | 6,158 | 99.92% | 5,862 | 99.97% | 5,608 | 99.89% | 5,537 | 99.91% |
| Number of invoices paid within 10 days | 4,568 | 98.68% | 6,070 | 98.49% | 5,799 | 98.89% | 5,558 | 99.00% | 5,461 | 98.54% |
| Late interest payments | Nil | Nil | Nil | Nil | Nil | |||||