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WILDERN ACADEMY TRUST

Company number: 07554117

Reporting period:
1 September 2018 to 28 February 2019

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

This report was filed on 5 July 2019

and approved by Marie Louise Litton

Payment statistics

Average time taken to pay invoices: 16 days

Invoices paid:

• within 30 days: 89%
• in 31 to 60 days: 11%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 11 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Standard payment terms are 30 days from date of invoice. If supplier terms are different we amend our system to reflect this.

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

Disputes related to delivery of goods or services which will prevent payment are advised to the supplier and Wildern Academy Trust will work with the supplier to resolve the dispute. We aim to advise the supplier of any disputes 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 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