TAPTON SCHOOL ACADEMY TRUST
Company number: 07697171
Reporting period:
1 September 2017
to 28 February 2018
This report was filed on 27 March 2018
and approved by K Platts
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 83%
- in 31 to 60 days: 12%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 23 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
The most common payment term is 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Our normal payment terms are 30 days but we may agree longer periods or staged payments for specific contracts (ie capital contracts).
Any other information about payment terms
N/A
Dispute resolution process
It is hoped that all complaints , disputes and concerns will be resolved as early as possible. We have a complaints policy on our website which details the process for formal and informal complaints. http://www.taptontrust.org.uk/page/?title=Trust+Policies&pid=24
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.
Yes
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