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ST.HELEN'S SCHOOL NORTHWOOD

Company number: 00420867

Reporting period:
1 September 2017 to 28 February 2018

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

This report was filed on 19 March 2018

and approved by Mark Mackenzie Crooks

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

• within 30 days: 78%
• in 31 to 60 days: 17%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 5 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

30 days

Standard payment terms

The 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

Any other information about payment terms

N/A

Dispute resolution process

Our accounts team will contact the suppliers' accounts department to obtain copy invoices if required and forward to the relevant member of staff for authorisation. Once authorised payment will be made without further delay.

If invoice has not been authorised internally by a member of our staff the accounts team will ask for a reason and inform the suppliers' accounts department. The accounts team will be in regular contact with the member of staff and supplier until query has been resolved and invoice authorised and payment will be made with further delay.

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