| 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 | 27 Jan 2020 | 28 | 52% | 47% | 1% | 45% |
| 01 Sept 2017 - 28 Feb 2018 | 28 Mar 2018 | 35 | 56% | 43% | 1% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms for Bolton School Services Ltd is 45 days from the date of the invoice. However, when a new supplier is identified, this can be varied in conjunction with the supplier. Local suppliers and individuals usually have reduced payment terms. Once payment terms have been agreed with a supplier they are rarely changed.
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
Payments are approved by the relevant budget holder before being processed for payment. If there is a dispute with a supplier, it should be raised with the relevant manager in the first instance. If they are unable to resolve the situation it should be passed to the Services Bursar.
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
Bolton School Services Limited operates under the trading name Bolton School Weddings & Events, hiring out the buildings and grounds of Bolton School, an independent day school near Bolton, for weddings, conferences, venue hire and filming. Its Grade II listed sandstone buildings and 32 acres of grounds are used for wedding ceremonies, corporate and conference bookings, TV and media filming, and event nights such as themed party evenings, held at weekends and during school holidays. The company is registered at Bolton School's address and remains active, having been incorporated in 1993.
Generated from the company's website and Companies House records. Sources: boltonschoolevents.com · boltonschoolevents.com