TWYNHAM LEARNING
Company number: 07565088
Reporting period:
1 March 2023 to 31 August 2023
Report filed on:
29 September 2023
Approved by:
Lynda Clarke
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 8%
- in 61 days or more: 1%
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: 9%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
We endeavour to pay suppliers in advance of their stated payment period, whilst complying with our internal processes to verify invoices and obtain relevant approval.
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
1. Disputes are first received by the finance team who seek to resolve them independently. 2. Disputes that cannot be resolved by the finance team are escalated to the Trust Finance Manager. 3. Disputes that cannot be resolved by the Trust Finance Manager are escalated to the Director of Operations. 4. Disputes that cannot be resolved by the Director of Operations are escalated to the Trust's legal representative.
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