ARDINGLY COLLEGE LIMITED
Company number: 03779971
Reporting period:
1 September 2018 to 28 February 2019
Report filed on:
21 October 2019
Approved by:
Jim Sloane
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 21%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 38%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
28 days
Standard payment terms
Payment runs are made weekly. Where the recipient is an individual or small business, every effort is made to make a payment as soon as possible, with the latest being our standard payment terms of 28 days, unless the supplier's terms are longer.
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
Any payment query or dispute is dealt with by the Accounts Payable team and the budget holder in a timely manner. A supplier statement will be requested and any missing invoices will be requested. If the issue is specific to a department then the dispute is referred to the Head of Department for action. Unresolved issues will be referred to the Financial Controller.
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