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TWYNHAM LEARNING

Company number: 07565088

Reporting period:
1 March 2018 to 31 August 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 20 September 2018

and approved by Debbie Place

Payment statistics

Average time taken to pay invoices: 7 days

Invoices paid:

• within 30 days: 97%
• in 31 to 60 days: 2%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 3 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

30 days

Standard payment terms

Twynham Learning's standard payment terms are 30 days from our receipt of a valid and accurate invoice.
If the invoice is received during a working day, the 30 days will begin on the next working day.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

1. Disputes are first received by the Finance team who seek to resolve them independently.
2. Disputes which cannot be resolved by the Finance team are escalated to the School Business Manager.
3. Disputes which cannot be resolved by the School Business Manager will be escalated to the Executive Business Manager.
4. Disputes which cannot be resolved by the Executive Business manager will be referred to the Academy Trust Legal Representative.

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