ST. PAUL'S SCHOOL
Company number: 06141973
Reporting period:
1 September 2023 to 29 February 2024
Report filed on:
21 March 2024
Approved by:
Harold Hampson
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 15%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 20%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The School's standard payment terms are 30 days from the date of the supplier's invoice. Some suppliers operate a 60-day payment term and that is used by the School where it applies.
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
60 days
If a supplier accepts a 60-day payment term, invoices are paid on that basis.
Any other information about payment terms
No further comment provided
Dispute resolution process
Any dispute, complaint or concern in respect of a qualifying contract will be considered by the purchase ledger clerk in the School's Finance Office. It will be dealt with as soon as practically possible after it has been raised.
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.
Yes
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