Score of 90.7/100 qualifies for PaymentCheck Certification
The time taken for ST.SWITHUNS SCHOOL(WINCHESTER) to pay invoices has remained relatively consistent, with only a slight decrease from 21 days to 18 days over the course of the past three periods.
The volatility in the percentage of invoices paid within 30 days has ranged from 81% to 89%, while the percentage of invoices paid later than 60 days has ranged from 1% to 4%. This shows that the company has been consistent in paying within 30 days, but there has been some fluctuation in the percentage of invoices paid later than 60 days.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Feb 2023 - 31 Jul 2023 | 31 Aug 2023 | 18 | 88% | 10% | 2% | 12% |
| 01 Aug 2022 - 31 Jan 2023 | 22 Feb 2023 | 19 | 86% | 12% | 2% | 13% |
| 01 Feb 2022 - 31 Jul 2022 | 01 Sept 2022 | 19 | 89% | 8% | 3% | 10% |
| 01 Aug 2021 - 31 Jan 2022 | 25 Feb 2022 | 19 | 87% | 12% | 1% | 13% |
| 01 Feb 2021 - 31 Jul 2021 | 25 Aug 2021 | 18 | 87% | 10% | 3% | 12% |
| 01 Aug 2020 - 31 Jan 2021 | 24 Feb 2021 | 20 | 85% | 13% | 2% | 14% |
| 01 Feb 2020 - 31 Jul 2020 | 27 Aug 2020 | 19 | 85% | 12% | 3% | 14% |
| 01 Aug 2019 - 31 Jan 2020 | 25 Feb 2020 | 19 | 86% | 11% | 3% | 14% |
| 01 Feb 2019 - 31 Jul 2019 | 02 Sept 2019 | 20 | 87% | 11% | 2% | 13% |
| 01 Aug 2018 - 31 Jan 2019 | 06 Mar 2019 | 22 | 81% | 15% | 4% | 19% |
| 01 Feb 2018 - 31 Jul 2018 | 30 Aug 2018 | 21 | 86% | 11% | 3% | 14% |
| 01 Aug 2017 - 31 Jan 2018 | 28 Feb 2018 | 21 | 84% | 13% | 3% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoices (30 days net) unless otherwise stated by the supplier. Non corporate bodies, charities, clubs and societies will be paid as soon as the invoice has been appropriately authorised.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
Disputed invoices are notified to the supplier as soon as made aware, normally within 14 days of receipt of invoice
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
St Swithun's School (Winchester) is the registered entity operating St Swithun's, an independent boarding and day school in Winchester, Hampshire. It provides education for girls aged 4 to 18, including a co-educational nursery and preschool, prep school, senior school and sixth form. The school offers boarding as well as day places, and also lets out its facilities, including residential, sporting, performing arts and educational spaces, for hire. Founded in 1884, it has been incorporated since 1910 and continues to trade as St Swithun's School. Its activities align with the SIC codes recorded for primary and general secondary education.
Generated from the company's website and Companies House records. Sources: stswithuns.com · stswithuns.com