BELL CONCORD EDUCATIONAL TRUST LIMITED(THE)
Company number: 01503040
Reporting period:
1 March 2025 to 30 September 2025
Report filed on:
31 October 2025
Approved by:
M HODGE
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 34%
- in 61 days or more: 1%
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
0 days
Longest standard payment period
62 days
Standard payment terms
Our standard payment terms are 30 days. Other suppliers are paid on the terms negotiated which are either mid-month following the month of the invoice date (maximum of 46 days payment terms) or the end of the month thereafter (maximum of 62 days payment terms).
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
Disputes are resolved by the relevant department through negotiation with the supplier and the respective accounts payable, credit control departments or purchasing and sales teams. If a dispute cannot be resolved, it is passed to the Accountant, and if it remains unresolved, it is passed to the Assistant Bursar (Finance) and then to the Bursar.
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