BETA This is a new service – your feedback will help us to improve it.

GREENHEART LEARNING PARTNERSHIP

Company number: 08255492

Reporting period:
1 September 2022 to 28 February 2023

---

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

This report was filed on 13 March 2023

and approved by Michelle Shaw

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

• within 30 days: 68%
• in 31 to 60 days: 18%
• in 61 days or more: 14%

Invoices due but not paid within agreed terms: 34 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Most suppliers have a 30 days standard payment terms which we endeavor to adhere to. However if an invoice is received late, we still process the invoice as per invoice date and pay it in the following BACS payment run which is either weekly or fortnightly.

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

No

Maximum contractual payment period agreed

30 days

No

Any other information about payment terms

N/A

Dispute resolution process

Disputes are raised internally at the point when good or services are delivered. This allows the staff responsible for purchasing the goods and services to resolve the issue , at delivery point, with the supplier before the supplier issues an invoice. It also speeds up the invoice authorisation process. Late responses from suppliers can affect the period in which disputes are resolved. Once dispute is resolved, invoices are authorised and paid in the following BACS payment run which is normally either weekly or fortnightly.

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