NEW BRIDGE MULTI ACADEMY TRUST
Company number: 08131158
Reporting period:
1 September 2017 to
28 February 2018
This report was filed on 31 May 2018
and approved by Graham Quinn
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 47%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Invoices are input to our system as they arrive. the system calculates the payment date based on the terms entered.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
The central finance team deal with any disputes or queries as they arise and we aim to respond to suppliers within 48 hours.
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, 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