WILDERN SCHOOL
Company number: 07554117
Reporting period:
1 September 2017 to 28 February 2018
Report filed on:
19 April 2018
Approved by:
M l Litton
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 7%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- 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
Answer not provided
Standard payment terms
Wildern School aims to pay invoices according to the terms suppliers quote on their invoices. 30 days from date of invoice is our standard payment term and the period in which we aim to make all payments. If payment terms are not quoted on invoices our aim will be to make payments according to our standard 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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes related to delivery of goods or services which will prevent payment are advised to the supplier and Wildern School will work with the supplier to resolve the dispute. We aim to advise the supplier of the dispute as soon as possible after receipt of the goods or service. Disputes will be handled by the Finance Department who will liaise between school staff 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