ST PETER'S SCHOOL, YORK
Company number: 06927030
Reporting period:
1 September 2024 to 28 February 2025
Report filed on:
31 March 2025
Approved by:
Rachael Johnson
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 15%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
61 days
Standard payment terms
The aim is to pay suppliers within a 30day period. A number of suppliers have terms which allow for payment at the end of the month following the month the invoice was raised.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Whilst every effort is made to pay suppliers within payment terms , as a school there are periods outside of term time where this may not be possible due to the person required to authorise the payment not being available. Delays may occur over a holiday period particularly over the longer summer holidays.
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers chasing payment usually contact the finance department in the first instance who would then request a copy of the outstanding invoice. Clarification would then be sought from the budget holder placing the order to ascertain whether there is any reason the invoice has not been paid or should not be paid, or whether it is a case of the invoice not having been previously received.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No