TWYNHAM LEARNING
Company number: 07565088
Reporting period:
1 March 2020
to 31 August 2020
This report was filed on 21 September 2020
and approved by Doug Croucher
Payment statistics
Average time taken to pay invoices: 9 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 4 %
Payment terms
Standard payment period for qualifying contracts
7 days
Standard payment terms
Standard payment terms
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
1. Disputes are first rec'd by the finance team who then seek to resolve them independently. 2. Disputes that cannot be resolved by the finance team are escalated to the Finance Director. 3. Disputes that cannot be resolved by the Finance Director are escalated to the Chief Operating Officer. 4. Disputes that cannot be resolved by the COO are escalated to the Trust's legal representative.
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