WESTCOUNTRY SCHOOLS TRUST
Company number: 07398467
Reporting period:
1 September 2021 to 28 February 2022
Report filed on:
29 March 2022
Approved by:
Carl Atkinson
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 29%
- in 61 days or more: 9%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 38%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
Westcountry Schools Trust's (WeST) standard payment terms are 30 days from invoice unless otherwise agreed with the supplier.
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
If WeST has a complaint or concern about a purchase invoice, the member of staff responsible for placing the order will contact the supplier as soon as reasonably practical after receipt of the said invoice in order to resolve the concern and/or complaint as quickly as possible. Invoices under dispute will not be paid until resolved including where applicable by the receipt of an appropriate credit note. Where matters cannot be resolved between the member of staff responsible for placing the order and the supplier, the matter will be referred to an individual school’s Finance Officer and ultimately to the Trust’s Chief Financial Officer for resolution.
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.
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