ST.SWITHUNS SCHOOL(WINCHESTER)
Company number: 00110692
Reporting period:
1 August 2017 to 31 January 2018
Report filed on:
28 February 2018
Approved by:
Mrs Anna-Louise Peters
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 13%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 13%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Payment terms are 30 days from date of invoice (30 day nett) unless stated otherwise by the supplier or if included below.
Non-corporate bodies, charities, clubs and societies will be paid as soon as the invoice has been appropriately authorised.
Exceptions are direct debits accepted by major suppliers, where their terms will be accepted. These vary between 10 and 45 days.
Disputed invoices are notified to the supplier within 14 days of receipt of invoice.
Payment will be made by BACS unless specifically requested otherwise. Written confirmation of bank details will be retained.
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
Disputed invoices are notified to the supplier within 14 days of receipt of invoice
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