BERKHAMSTED SCHOOLS GROUP
Company number: 00622349
Reporting period:
1 February 2021 to 31 July 2021
Report filed on:
4 October 2021
Approved by:
Neil Twogood
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 55%
- in 31 to 60 days: 36%
- in 61 days or more: 9%
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
0 days
Longest standard payment period
167 days
Standard payment terms
Invoices are normally paid in the next payment run after 30 days have elapsed from the invoice date. Berkhamsted School normally has 3 payment runs per month being the nearest working days to the 5th, 15th and 30th of the month.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Payment complaints are normally received by the purchase ledger function and escalated to the Finance Director. Usually these are very minor issues relating to small value invoices that have not been settled in time to avoid the account being placed on stop. If the invoice can be verified an ad-hoc payment will be made to release the hold on the account.
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