OAKHAM SCHOOL
Company number: 06924216
Reporting period:
1 March 2023 to 31 August 2023
Report filed on:
22 September 2023
Approved by:
Roger Summerton
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 16%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 21%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
The most frequently used payment terms for qualifying contracts is 30 days from invoice date.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any complaints, concerns or queries are considered initially by the Accounts Officer as a matter of urgency. They can be contacted via purchaseledger@oakham.rutland.sch.uk or via telephone on 01572 758549. Where the matter cannot immediately be resolved it is escalated to the Finance Bursar who can be contacted on 01572 758835.
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