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BELLERBYS EDUCATIONAL SERVICES LIMITED

Company number: 02325576

Reporting period:
1 January 2019 to 30 June 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 16 July 2019

and approved by Gordon Bull

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 72%
• in 31 to 60 days: 25%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 60 %

Payment terms

Standard payment period for qualifying contracts

45 days

Standard payment terms

Standard contractual payment terms are 45 days. Payments terms are agreed with suppliers in advance of supply.
The company will accept supplier terms if the supplier does not agree to the standard terms, for example in the case of subcontractors and individuals.
The maximum contractual payments terms are 45 days.
For large building / maintenance contracts stage payments and terms are agreed with the supplier in advance

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

N/A

Dispute resolution process

Queries should be emailed to Finance. Queries are monitored and managed by the Accounts Payable team andresponded to within 48 hours. Unresolved queries are escalated to the Accounts Payable Manager and subsequently to the Head of Shared Services.

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