GOV.UK
SAINT NICHOLAS OWEN CATHOLIC MULTI ACADEMY COMPANY
Company number: 09174154
Reporting period:
1 September 2017
to 28 February 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 27 March 2018
and approved by Clare van Vliet
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 53%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 66 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
The MAC operates a standard 30 days payment unless otherwise agreed. Shorter terms are accepted for training events and longer for building/capital contracts.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
The MAC aims to avoid disputes. Disputes are first dealt with at individual school level. If this does not deliver a resolution it is escalated to the MAC Business Director. At all times a named individual is given to the outside party so that effective communication is maintained at all times.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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