LEVERHULME ACADEMY CHURCH OF ENGLAND AND COMMUNITY TRUST
Company number: 10514293
Reporting period:
1 March 2020 to 31 August 2020
Report filed on:
23 July 2021
Approved by:
Mr Paul Roach
Payment statistics
Average time taken to pay invoices: 6 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 0%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Leverhulme Church of England and Community Trust's standard contractual length of time for payment of invoices, relating to qualifying contracts, is 30 days from the date of invoice. Agreements are in place with some smaller suppliers for payment within 14 days.
No changes have been made to any of these terms in the reporting period
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
45 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes relating to payments for any goods or services, under any qualifying contracts, are initially directed to the relevant finance administrator within the academy to which the goods or services were supplied or ordered. Any dispute will be investigated and resolved as quickly as possible by the Finance Manager or passed over to a member of Trust's Finance team for further investigation.
Any dispute relating to any payments can also be directed to accountspayable@rbhs.co.uk or 01204 333266
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