THE PERSE SCHOOL
Company number: 05977683
Reporting period:
1 March 2025 to 31 August 2025
Report filed on:
30 September 2025
Approved by:
Graeme Proudfoot
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 82%
- in 31 to 60 days: 16%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 7%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The School sets a payment due date of 30 days from the date of invoice as standard. BACS payments are made weekly and invoices are included on the relevant payment run according to due date. This gives a standard payment period of between 27 and 35 days (this includes BACS clearing time of 3 days). Some suppliers are paid by direct debit. Where this is the case the School settles invoices on terms determined by the supplier. Smaller companies may request to be paid on receipt of invoice. Where this is the case a due date of zero days from the date of invoice is set and payment is made on the next payment run after the invoice has been authorised. In addition, specific arrangements with a different regularly recurring payment date are made with suppliers if required by the contract.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If an invoice is not paid, suppliers contact the finance department (usually by telephone). A copy of the invoice is requested, if applicable, and passed on to the relevant budget holder for authorisation. If a budget holder disputes an invoice, the supplier is advised and a resolution sought between the budget holder and the supplier.
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