GOV.UK
THE EDUCATION ALLIANCE
Company number: 07542211
Reporting period:
1 September 2018
to 28 February 2019
This report was filed on 2 May 2019
and approved by Andrew Steele
Payment statistics
Average time taken to pay invoices: 19 days
Invoices paid:
- within 30 days: 83%
- in 31 to 60 days: 13%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 17 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
No formal standard terms are in place.
The most frequently used payment period is 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
No formal standard terms are in place.
The most frequently used payment period is 30 days.
Any other information about payment terms
No formal standard terms are in place.
The most frequently used payment period is 30 days.
Dispute resolution process
All disputes/complaints are dealt with by school's finance departments in the first instance.
If necessary the dispute/complaint is escalated to a school's Finance Manager.
As a last resort any disputes/complaints are investigated by the Trust's Finance Director.
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