Payment performance statistics

Clarion Housing Group Payment Performance Statistics – Public Contracts Regulations (2015) Regulation 113(7)

Every financial year, each contracting authority shall publish on the internet statistics showing, for the preceding financial year, how far the contracting authority has actually complied with its obligations under this regulation to make payments within 30 days, including:

(a) the proportion of invoices that were paid in accordance with those obligations, expressed as a percentage of the total number of invoices that were, or should have been, paid in accordance with those obligations; 72%

(b) the total amount of any liability (whether statutory or otherwise) to pay interest which accrued by virtue of circumstances amounting to a breach of those obligations; £560,670.82, and

(c) the total amount of interest actually paid in discharge of any such liability (including any which had accrued before the beginning of the period to which the statistics relate); £0.00.

It should be noted that for invoices accompanied by a purchase order, the average days to pay stood at 28 days for the financial year. All invoices are paid at the earliest opportunity once reviewed and approved.

On reviewing the monetary value of invoices, 94% of the total value invoiced was paid to terms during the year.

At the start of the financial year, Clarion implemented a new ERP module to manage repairs associated costs. This implementation did have an initial impact of the length of time payments were taking and is reflected in the annual figures. This situation has now been resolved and will not have an ongoing impact.

The statistics above are in respect of the year ended 31 March 2024 and exclude Latimer and Grange.