ST.HELEN'S SCHOOL NORTHWOOD
Company number: 00420867
Reporting period:
1 March 2019 to 31 August 2019
Report filed on:
9 October 2019
Approved by:
Mark Mackenzie Crooks
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 18%
- in 61 days or more: 7%
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
1 days
Longest standard payment period
30 days
Standard payment terms
The most frequently used payment terms is 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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Our accounts team will contact the suppliers' accounts department to obtain copy invoices if required and forward to the relevant member of staff for authorisation. Once authorised payment will be made without further delay.
If invoice has not been authorised internally by a member of our staff the accounts team will ask for a reason and inform the suppliers' accounts department. The accounts team will be in regular contact with the member of staff and supplier until query has been resolved and invoice authorised and payment will be made with further delay.
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