BERKHAMSTED SCHOOLS GROUP
Company number: 00622349
Reporting period:
1 August 2018
to 31 January 2019
This report was filed on 25 February 2019
and approved by Neil Twogood
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 45%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
185 days
Standard payment terms
Invoices are paid in the next payment run after 30 days have elapsed from the invoice date. Berkhamsted School normally has 3 payment runs per month being the nearest working days to the 5th, 15th and 30th of the month.
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
Payment complaints from suppliers are normally received by the purchase ledger function and brought to the attention of the Finance Director. Usually these are very minor issues often relating to small value invoices that have not been settled in time to avoid the account going on stop. If the invoice can be verified an ad-hoc payment will be made to reease the account hold.
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