GOV.UK
THE EVOLVE TRUST
Company number: 07827747
Reporting period:
1 March 2020
to 31 August 2020
This report was filed on 29 September 2020
and approved by R Aitken
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 37%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 66 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
We do not currently have standard payment period as an organisation, the most commonly used payment period is 30 days which we use for the majority of our supplier base.
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
In the case of a dispute arising regarding payment of invoices, the supplier should contact the Finance office as per the following:
The Brunts Academy
E-mail: accounts@brunts.evolvetrust.org
Phone: 01623 623149
The Beech Academy
E-mail: office@beech.evolvetrust.org
Phone: 01623 626008
The Bramble Academy
E-mail: accounts@brunts.evolvetrust.org
Phone: 01623 623149
Resolutions raised with the above, will be dealt reviewed and an explanation provided within 5 working days. Where the dispute / concern requires further investigation, this will be explained to the supplier with a suitable timescale agreed.
Where a resolution cannot be reached with the supplier, either the above contacts or the supplier should then contact the Trust Finance Director:
Barbara Sims – bsims@evolvetrust.org 01623 348100
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