Published reports

INCORPORATED BISHOP'S STORTFORD COLLEGE ASSOCIATION(THE)

Company number: 00081130

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

Reporting period:

1 August 2018 to 31 January 2019

Report filed on:

9 July 2019

Approved by:

Richard Harrison

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

  • within 30 days: 85%
  • in 31 to 60 days: 15%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 5%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

We pay our supplies in accordance with their terms of payment. In the absence of the details, we will pay them within 30 days.

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

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

We will work with our suppliers and try to resolve any disputes as quickly as possible. We will arrange payment for the amount agreed first and only withhold the amount in dispute.

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