Deemed interest payments

Financial year	% of invoices paid within 30 days	Liable interest due	Actual interest paid
2016/17	96.92%	£64,417.36	*
2017/18	97.54%	£31,341.39	*
2018/19	96.22%	£137,528.85	*
2019/20	94.59%	£44,920.69	*
2020/21	97.90%	£280,250.93	*
2021/22	96.59%	£119,535.04	*
2022/23	95.36%	£351,867.40	*

* Our current Financial Management System does not report this information.

Corporate procurement