| 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 Nov 2019 | 43 | 51% | 35% | 14% | 57% |
| 01 Sept 2018 - 28 Feb 2019 | 26 Mar 2019 | 45 | 41% | 36% | 23% | 69% |
| 01 Sept 2017 - 28 Feb 2018 | 22 Mar 2018 | 25 | 88% | 5% | 7% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Academy Trust will pay suppliers within 30 days of receipt on all valid and undisputed invoices.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
As an Academy Trust of Schools there can be delays in receipt and payment of invoices due to school breaks.
Maximum contractual payment period agreed
30
The Academy Trust will notify a supplier if an invoice received is not valid or properly due. Once the dispute is resolved with a corrected invoice or credit payment will then be made.
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
SHARNBROOK ACADEMY FEDERATION is a dissolved private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 20 January 2011, based in the East of England region. Registered business activity: Other education not elsewhere classified.
From Companies House records.