| 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 Mar 2019 - 31 Aug 2019 | 03 Dec 2019 | 32 | 50% | 45% | 5% | 11% |
| 01 Sept 2018 - 28 Feb 2019 | 22 Mar 2019 | 30 | 56% | 40% | 4% | 10% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 29 | 52% | 46% | 2% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices are paid in accordance with payment terms set by our suppliers
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
60
Generally any dispute would be resolved by telephone or email between Purchase Ledger and supplier in conjunction with the department who placed the order. If the dispute remains unresolved it would be referred to the Director of Finance & Operations.
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
Wycliffe College (Incorporated) is the registered entity operating Wycliffe College, an independent private school in Stonehouse, Gloucestershire, teaching pupils aged 3 to 18. It comprises a nursery, pre-prep and prep school, and senior school through to sixth form, and offers boarding for pupils from the UK and over 30 countries. The school describes itself as non-selective, offering a broad curriculum alongside pastoral care and extra-curricular provision including sport and performing arts. It operates from a 52-acre site in the Cotswolds and has been established for over 140 years. Governance sits with a Council of Trustees. The registered company, incorporated in 1931, is classified under education-related SIC codes covering pre-primary, primary and general secondary education.
Generated from the company's website and Companies House records. Sources: wycliffe.co.uk · wycliffe.co.uk