BETA This is a new service – your feedback will help us to improve it.

BERKHAMSTED SCHOOLS GROUP

Company number: 00622349

Reporting period:
1 August 2023 to 31 January 2024

---

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

This report was filed on 3 April 2024

and approved by Neil Twogood

Payment statistics

Average time taken to pay invoices: 43 days

Invoices paid:

• within 30 days: 44%
• in 31 to 60 days: 37%
• in 61 days or more: 19%

Invoices due but not paid within agreed terms: 1 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

45 days

Standard payment terms

Invoices are normally paid in the next payment run after 30 days have elapsed from the invoice date. Berkhamsted School normally has 2 payment runs per month being the nearest working day to the 15th and last day of the month.

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

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

N/A

Dispute resolution process

Payment disputes are normally received by the purchase ledger team and escalated to the Finance Director. Usually these are very minor issues relating to small value invoices that have not been settled on time to avoid the account being placed on hold. If the invoice can be verified an ad-hoc payment will be made to release the hold on the account.

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