Payment of invoices within 30 days
Public contract regulations say local authorities must pay invoices received under contract with 30 days.
The percentage of invoices we paid within 30 days during each financial year from 1 April 2017 is provided below, along with details of any interest paid to suppliers due to late payment.
| Financial year | invoices paid within 30 days | Interest paid due to late payment | Interest liable to be paid |
|---|---|---|---|
| 2023/24 | 97.01% | 0 | £115,119.71 |
| 2022/23 | 95.37% | 0 | £357,705.40 |
| 2021/22 | 93.80% | 0 | £312,093.55 |
| 2020/21 | 93.15% | 0 | £304,032.62 |
| 2019/20 | 90.09% | 0 | £503,453.78 |
| 2018/19 | 95.81% | Not calculated | Not calculated |
| 2017/18 | 95.81% | Not calculated | Not calculated |
For more information on our contracts and how we buy, go to selling to the council.