GOV.UK
CHAPEL STREET COMMUNITY SCHOOLS TRUST
Company number: 07885963
Reporting period:
1 September 2017
to 28 February 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 28 February 2018
and approved by DR SALLY A EAST
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 20%
- in 61 days or more: 20%
Invoices due but not paid within agreed terms: 60 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
31 days
Standard payment terms
We strive to pay within the terms, but those outside the standards terms relate to:
queries;
delayed receipt of invoice from schools; and/or
emergency payment.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
31 days
Any other information about payment terms
N/A
Dispute resolution process
To date we have had minimal complaints, but generally, I the FD will investigate what the issue is and see what we can do, when to pay and how quickly. email a response either pre or post call so there is no misunderstanding about what was discussed and what the resolution will be.
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