EBOR ACADEMY TRUST
Company number: 08806335
Reporting period:
1 September 2021
to 28 February 2022
This report was filed on 16 March 2022
and approved by Andrew Robinson
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 82%
- in 31 to 60 days: 12%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
45 days
Standard payment terms
Standard terms are 30 days from the invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
All complaints should be addressed to the Finance Director at the registered office address and will be responded to within 7 days. The supplier can appeal any decision by writing to the Chair of the Finance Scrutiny Committee at the registered office address.
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