THE HOWARD PARTNERSHIP TRUST
Company number: 07597068
Reporting period:
1 March 2023
to 31 August 2023
This report was filed on 26 September 2023
and approved by Robert Smith
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 15%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Standard payment period for qualifying contracts
14 days
Standard payment terms
Most frequently used payment terms for qualifying contracts is 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
30 School Days rather than 30 contractual days, particularly for contractors who carry out work onsite during school holidays.
Any other information about payment terms
N/A
Dispute resolution process
Disputes are resolved locally by referral to the local finance office in the first instance and then escalated internally as appropriate.
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