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Payment terms for suppliers

Your payment terms will be set out in your contract before it starts.

If you submit invoices, our standard payment terms are 30 days from receipt of invoice.

Payment terms for small and medium sized businesses

As per the Supplier Payment Terms Policy, small and medium sized enterprises (SMEs) can apply to be paid within 10 days from receipt of invoice if the following criteria, as set out in Part 15 of the Companies Act 2006 are met:

•       Up to a maximum of 50 employees, and 
•       Annual turnover less than £10.2 million or
•       Net assets less than £5.1 million

To receive these payment terms you must submit evidence (for example Companies House filings and payroll data) to our finance department who will assess your claim.

Scheduled payments

If you are paid via scheduled payments you will normally be paid quarterly in advance. The payment dates and amounts will be confirmed within your contract.

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