This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard supplier payment terms are 30 days, however we have a number of suppliers in our supply chain whom we pay earlier (but still contracted at 30 days terms).
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
Shaw Trust reserves the right to only pay for goods and services for which it is entirely satisfied. Shaw Trust reserves the right to withhold payment of a disputed amount pending a resolution. In the case of a dispute, the expectation is that it can be resolved amicably with direct conversations and negotiations between the Shaw Trust member of staff who commissioned the work and the supplier. If this is not possible and the supplier feels he is still entitled to payment (and subject to the requirements stated above having been adhered to) then the following dispute resolution process is recommended - Stage 1 The supplier puts in writing to Shaw Trust’s Head of Procurement the details of the dispute. The Head of Procurement will then conduct an internal investigation, speaking to relevant Shaw Trust colleagues and to the supplier to fact find. The Head of Procurement will objectively seek to arbitrate and will endeavor to provide a verbal response to the supplier, followed by confirmed in writing, within 7 working days of the issue being raised, with recommendations for resolution. Stage 2 If the supplier remains dissatisfied with the outcomes of Stage 1, he should then escalate his concerns in writing to the Trust’s Chief Financial Officer, for their consideration. Stage 3 Legal Proceedings. As a final resort, legal proceedings may be necessary.
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
SHAW TRUST LIMITED (THE) is a UK-based charity organization that aims to support people with disabilities and disadvantages in achieving their full potential. The company was founded in 1982 and has since grown to become one of the largest employers of disabled people in the country.
The organization offers a range of services and programs to help individuals overcome barriers and develop new skills, including employment support, training, and educational opportunities. They also work with businesses to promote inclusive employment practices and create job opportunities for their clients.
In terms of sustainability, SHAW TRUST LIMITED is committed to reducing their environmental impact and promoting sustainable practices. They have implemented initiatives such as recycling, energy efficiency, and reducing carbon emissions in their operations. Additionally, they support and promote sustainable practices among their clients and partners.
Some of the key people at SHAW TRUST LIMITED include the Chairman, Tony Manwaring, and the CEO, Roy O'Shaughnessy. They are supported by a team of dedicated staff and volunteers who work towards the organization's mission.
To contact SHAW TRUST LIMITED, individuals can visit their website at www.shaw-trust.org.uk or email them at info@shaw-trust.org.uk. Their registered office address is 1 Farriers Yard, 77-85 Fulham Palace Road, London, W6 8JA. Overall, SHAW TRUST LIMITED is a reputable and impactful organization that is making a positive difference in the lives of individuals with disabilities and disadvantages.