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ANGLIAN LEARNING

Company number: 07564749

Reporting period:
1 March 2018 to 31 August 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 21 March 2019

and approved by Jonathan Culpin

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

• within 30 days: 69%
• in 31 to 60 days: 26%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 40 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

The Trust's standard terms are 30 days from the date of the invoice. If a supplier contract applies different terms to those set as the standard then the Trust will use these.

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 process detailed below is not an extract of formal policy, but a description of the working procedure.
If a school has a dispute about the supply of goods or services ordered then the issue is highlighted to the finance team.
The finance team will contact the supplier and advise them that the invoice has been noted as disputed and will not be passed for payment until the issue is resolved.
Any disputed invoices of material value are notified to the Trust Director of Finance.

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