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ST PETER'S SCHOOL, YORK

Company number: 06927030

Reporting period:
1 September 2023 to 29 February 2024

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This information is as reported by the business, and responses are in their own words.

This report was filed on 26 March 2024

and approved by Rachael Johnson

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

• within 30 days: 82%
• in 31 to 60 days: 16%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 25 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

61 days

Standard payment terms

We aim to pay most of our suppliers within a 30 day period. A number of suppliers have terms which allow for payment at the end of the month following invoice.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

61 days

Every effort is made to pay suppliers and keep within supplier payment terms. As a school there are periods outside of term time where budget holders are not available to authorise the payment of a particular invoice and therefore some delays may occur over a holiday period.

Any other information about payment terms

N/A

Dispute resolution process

Suppliers chasing payment usually contact a member of the finance team in the first instance who would then request a copy of the outstanding invoice. Clarification would then be sought from the budget holder who placed the order, to ascertain whether there is a reason the invoice should not be paid, or whether it is simply a missing invoice requiring approval which has not previously been received.

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