PLUME SCHOOL
Company number: 07849731
Reporting period:
1 September 2016 to 31 August 2017
Report filed on:
21 March 2018
Approved by:
Richard Scott
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 96%
- in 31 to 60 days: 4%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
28 days
Standard payment terms
Generally accept suppliers terms, to a max of 28 days
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
28 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputed charges are raised with the assigning company immediately and the company informed accordingly. Details passed to finance director to establish the cause of the dispute and resolve. Where possible attempt to remain within 28 day periods, or if not resolved, un-disputed elements are paid whilst the dispute continues.
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.
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