BETA This is a new service – your feedback will help us to improve it.

TWYNHAM LEARNING

Company number: 07565088

Reporting period:
1 September 2020 to 28 February 2021

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 24 March 2021

and approved by Doug Croucher

Payment statistics

Average time taken to pay invoices: 11 days

Invoices paid:

• within 30 days: 94%
• in 31 to 60 days: 5%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 6 %

Payment terms

Standard payment period for qualifying contracts

0 days

Standard payment terms

We endeavour to pay suppliers in advance of their stated payment period, whilst complying with our internal processes to verify invoices and obtain relevant approval.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

1. Disputes are first received by the finance team who 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 CEO. 4. Disputes that cannot be resolved by the CEO 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