Industry ranking
| 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 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 31 | 65% | 34% | 1% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Aug 2022 | 26 | 65% | 34% | 1% | 3% |
| 01 Jun 2021 - 31 Dec 2021 | 07 Feb 2022 | 32 | 62% | 37% | 1% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Aug 2021 | 27 | 60% | 38% | 2% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 28 | 62% | 36% | 2% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 33 | 54% | 45% | 1% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 27 | 64% | 34% | 2% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 26 | 64% | 35% | 1% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 36 | 36% | 59% | 5% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 37 | 41% | 55% | 4% | 51% |
| 01 Jul 2017 - 31 Dec 2017 | 19 Mar 2018 | 34 | 46% | 49% | 5% | 73% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices are paid according to supplier payment terms, so there is no standard contractual length of time.
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
We have very few disputes relating to payment with suppliers, and those which do arise are quickly resolved. Telephone or email correspondence would take place in the first instance, between our Purchase Ledger Administrator and the supplier, which could involve dealing with individuals at an increasing level of seniority in the supplier organisation; if no resolution, the case would be passed to the Group Accountant, and ultimately the 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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Sherborne School operates as Sherborne Boys, an independent full-boarding and day school in Sherborne, Dorset, for boys aged 13 to 18, including a sixth form. It provides secondary education alongside boarding, pastoral care and co-curricular activities such as sport, music, drama and cadet forces. The school is part of Sherborne Schools Group, which also includes Sherborne Girls, Sherborne Prep, Hanford Prep and Sherborne International, together with a worldwide schools joint venture and associated trading companies. Sherborne Boys itself focuses on delivering academic and boarding education to its pupils, describing its offering as combining longstanding heritage with modern teaching and facilities within a boarding community setting.
Generated from the company's website and Companies House records. Sources: sherborne.org · sherborne.org