BIRMINGHAM DIOCESAN MULTI-ACADEMY TRUST

Company number: 10729883

Reporting period:
1 September 2022 to 28 February 2023

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This report was filed on 9 March 2023

and approved by Christopher Mansell

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 67%
• in 31 to 60 days: 17%
• in 61 days or more: 16%

Invoices due but not paid within agreed terms: 33%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

30 days in arrears on receipt of a valid invoice quoting a valid purchase order number

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

In the first instance payment disputes are dealt within through an informal process by the finance team, supported by school staff where required. If the finance team are unable to resolve the dispute it is escalated firstly to the Head of Finance and subsequently to the Deputy CEO (CFO). If the dispute remains unresolved through this informal escalation the supplier has the option to make a formal complaint in accordance with the Trust's Complaints Policy.

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, 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