THE ARTHUR TERRY LEARNING PARTNERSHIP
Company number: 07730920
Reporting period:
1 February 2019
to 31 August 2019
This report was filed on 2 October 2019
and approved by Richard Gill
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 32%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 38 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Our standard payment terms are 30 days. Occasionally performance data can be misinterpreted where invoices are received and only require an initial deposit within 30 days and the balance to be paid at a later stage.
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
If an invoice is in dispute the finance manager will contact the supplier to find a resolution at the earliest possible opportunity.
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.
Yes
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