BATLEY MULTI ACADEMY TRUST
Company number: 07732537
Reporting period:
1 September 2021 to 28 February 2022
Report filed on:
31 March 2022
Approved by:
Siraj Mayet
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 8%
- in 61 days or more: 1%
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: 37%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
Our normal payment terms are 30 days, but these are reduced for smaller businesses.
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
14 and 30 days depending on the size of the company, although we pay by credit card or direct debit where possible.
Any other information about payment terms
N/A
Dispute resolution process
Shortages and damaged goods are identified on delivery and reported to the supplier immediately. Prices are also checked. Disputes are referred to the supplier immediately, so that a swift resolution can be found.
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