Chapter 2 - The Insolvency Service

Chapter 2
Payments to suppliers
In line with the Government's commitment to the prompt payment of bills for
goods and services rendered, The Service aims to pay its invoices within 30
days of receipt of the goods or services, or presentation of a valid invoice or
similar demand, whichever is later unless otherwise specified by contract.
The prompt payment of invoices is a key Agency target and in 2005-06
99.14% were paid within 30 days.
2001-02 2002-03 2003-04 2004-05 2005-06
Action invoices for payment
within 30 days of receipt 99% 99% 99.1% 99.2% 99.14%
within 20 days of receipt 97.3% 97.6% 95.8% 94.6% n/a
2.10 People
To enable our staff to give of their best, we must maintain an efficient work
place where optimal use is made of resources. We need to ensure that we
recruit the right people to get the job done as well as providing staff with the
skills and knowledge to enable them to carry out the tasks to which they are
assigned. A Health and Safety Report for the year ending 31 December 2005
is available at Annex A.
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