Prompt Payment Performance
In accordance with regulation 113 of the Public Contracts Regulations 2015, please see the below information regarding South Tyneside Councils prompt payment performance.
This information refers to the 2023 / 24 financial year.
Percentage of valid invoices paid within 30 days
- 95.24%
The amount of interest paid to suppliers due to a breach of the requirement in regulation 113
- £0.00
The amount of interest liable to be paid to suppliers due to a breach of the requirement in regulation 113
- £445,148
Please note: Information is not currently available in a format which allows undisputed invoices to be identified and removed from the count.
Past reports
| Finanical Year | % of valid invoices paid in 30 days | The amount of interest paid to suppliers due to a breach of the requirement in regulation 113 | The amount of interest liable to be paid to suppliers due to a breach of the requirement in regulation 113 |
|---|---|---|---|
| 2019 / 2020 | 97.34% | £0.00 | £127,937 |
| 2020 / 2021 | 95.67% | £0.00 | £244,358 |
| 2021 / 2022 | 97.09% | £0.00 | £182,957 |
| 2022 / 2023 | 89.5% | £1,779.20 | £410,486 |
| 2023 / 2024 | 95.24% | £0.00 | £445,148 |