TWYNHAM LEARNING
Company number: 07565088
Reporting period:
1 September 2017 to 28 February 2018
Report filed on:
27 March 2018
Approved by:
Debbie Place
Payment statistics
Average time taken to pay invoices: 7 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 2%
- 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: 2%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
Twynham Learning's standard payment terms are thirty days from our receipt of a valid and accurate invoice. If the invoice is received during a working day, the thirty days will begin on the next working day.
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
30 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
1. Disputes are first received by the Finance Team who then seek to resolve them independently. 2. Disputes which cannot be resolved by the Finance team are escalated to the School Business Manager 3.Disputes which cannot be resolved by the School Business Manager are escalated to the Executive Business Manager. 4.Disputes which cannot be resolved by the Executive Business Manager are escalated to the Academy Trust legal representative.
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