HARPER ADAMS UNIVERSITY
Company number: 08049710
Reporting period:
1 August 2020 to 31 January 2021
Report filed on:
18 January 2022
Approved by:
Liz Furey
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Payment terms are 30 days from date of invoice. Invoices are paid fortnightly. Website link to T&Cs https://www.harper-adams.ac.uk/documents/HAU-Terms-and- Conditions-of-Purchase.pdf
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
N/A
Any other information about payment terms
N/A
Dispute resolution process
Individuals should contact the Purchase Ledger department by phone or e-mail if there is a dispute. Disputes are investigated and actioned in a reasonable timescale.
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