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CENTRAL LEARNING PARTNERSHIP TRUST

Company number: 07827368

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 20 March 2018

and approved by Douglas Selkirk

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 66%
• in 31 to 60 days: 32%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 34 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

As a business we do not have standard payment terms for our suppliers. We make payments based on our suppliers payment terms which are predominantly 30 days. Occasionally suppliers may request a shorter payment term and, where this is the case, we will consider the request and pay accordingly.

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

No

Maximum contractual payment period agreed

180 days

This relates to a disputed invoice with our Local Authority regarding the provision of phone lines. The amount charged does not equate to the number of lines provided at the agreed rate. The Authority are trying to provide further detail of what has been charged and whilst this is being done, payment is withheld.

Any other information about payment terms

N/A

Dispute resolution process

Where a supplier has a complaint about payment of their invoice, they will contact the finance department of the school who the supply was made too. If the invoice is in dispute, our finance staff will normally have contacted the supplier in the first instance. If the late payment is due to an administrative error, then payment will be made immediately. If the payment is withheld due to a dispute, this will be reported to our Finance Director. Disputed invoices are very rare and are usually resolved within 60 days of the invoice being 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