MIDSOMER NORTON SCHOOLS PARTNERSHIP
Company number: 07365778
Reporting period:
1 September 2024 to 28 February 2025
Report filed on:
9 April 2025
Approved by:
Alun Williams
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 85%
- in 31 to 60 days: 9%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 15%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
We have our own standard terms, 30 day payment, but often agree to the supplier terms when they are set up. We run a weekly supplier BACS payment run and once the invoice has been approved, the payment will be made within 7 days of approval.
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
Disputes are initially raised with either the person who raised the order or the Purchase Ledger Team Lead, involving the Head of Finance as required. Timescales are dependent on the dispute in progress but contact is made with the supplier who is kept regularly informed and updated until resolved.
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