GREENHEART LEARNING PARTNERSHIP
Company number: 08255492
Reporting period:
1 September 2022 to 28 February 2023
Report filed on:
13 March 2023
Approved by:
Michelle Shaw
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 18%
- in 61 days or more: 14%
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: 34%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Most suppliers have a 30 days standard payment terms which we endeavor to adhere to. However if an invoice is received late, we still process the invoice as per invoice date and pay it in the following BACS payment run which is either weekly or fortnightly.
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
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes are raised internally at the point when good or services are delivered. This allows the staff responsible for purchasing the goods and services to resolve the issue , at delivery point, with the supplier before the supplier issues an invoice. It also speeds up the invoice authorisation process. Late responses from suppliers can affect the period in which disputes are resolved. Once dispute is resolved, invoices are authorised and paid in the following BACS payment run which is normally either weekly or fortnightly.
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