| 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 Aug 2021 - 31 Jan 2022 | 22 Feb 2022 | 32 | 54% | 34% | 12% | 46% |
| 01 Aug 2020 - 31 Jan 2021 | 16 Feb 2022 | 32 | 52% | 32% | 16% | 48% |
| 01 Feb 2020 - 31 Jul 2020 | 16 Feb 2022 | 32 | 55% | 32% | 13% | 45% |
| 01 Aug 2019 - 31 Jan 2020 | 16 Feb 2022 | 33 | 45% | 44% | 11% | 55% |
| 01 Feb 2019 - 31 Jul 2019 | 17 Dec 2019 | 33 | 46% | 41% | 13% | 54% |
| 01 Aug 2017 - 31 Jan 2018 | 02 Mar 2018 | 43 | 17% | 71% | 11% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We shall, unless stated otherwise in the contract, pay the invoiced amounts within 30 days of receipt of a valid invoice to a bank account nominated by you in writing.
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
30
Accounts Payable team will be the first line of contact. If not resolved within 7 days this will be taken up by the Accounts Payable manager. If not resolved within 7 days this will be reported to the Associate Director of Finance. If issue cannot be resolved then it will be escalated to our Procurement Team or Legal Team depending on the nature of the issue.
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
London Metropolitan University is a higher education institution registered as a private company limited by guarantee, based on Holloway Road in London. It was previously known as City of London Polytechnic and later London Guildhall University before adopting its current name in 2002. The university provides first-degree and postgraduate level courses and holds Home Office licences to sponsor Skilled Worker and Creative Worker visas. It has held patents in fields such as bioinformatics tools and diagnostic assays, and operates several subsidiaries, including London Metropolitan University Enterprises Limited. It also owns freehold and leasehold property titles in Greater London used for its operations.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk