SOUTHERN ACADEMY TRUST
Company number: 09040388
Reporting period:
1 March 2019
to 31 August 2019
This report was filed on 24 September 2019
and approved by Jennie White
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 27%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 32 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days
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
Invoices should be addressed to the Trust's central finance department: Finance Department, Southern Academy Trust, Shaftesbury School, Salisbury Road, Shaftesbury, Dorset, SP7 8ER.
Complaints and concerns are considered by the Trust finance department in the first instance. They can be contacted at the above address or by email or telephone:
finance@southernacademytrust.co.uk
01747 857675
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