Industry ranking
Score of 96.7/100 qualifies for PaymentCheck Certification
| 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 2021 - 31 Aug 2021 | 30 Sept 2021 | 11 | 96% | 3% | 1% | 8% |
| 01 Sept 2020 - 28 Feb 2021 | 25 Mar 2021 | 10 | 96% | 3% | 1% | 8% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 12 | 93% | 4% | 3% | 12% |
| 01 Sept 2019 - 29 Feb 2020 | 09 Apr 2020 | 10 | 96% | 3% | 1% | 9% |
| 01 Mar 2019 - 31 Aug 2019 | 26 Sept 2019 | 9 | 96% | 3% | 1% | 9% |
| 01 Sept 2018 - 28 Feb 2019 | 27 Mar 2019 | 8 | 96% | 4% | 0% | 10% |
| 01 Sept 2017 - 28 Feb 2018 | 16 Mar 2018 | 26 | 67% | 28% | 5% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
GEP pay invoices in line with supplier payment terms, as stated either in the agreed contract, or on the supplier invoice. The majority are to be paid within 30 days.
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
Suppliers contact the relevant procuring finance office in the first instance (school-based or central). Local disputes can be escalated to the School Business Manager and central disputes to the GEP Financial Controller, and in turn the Chief Operating Officer. Should the issue remain unresolved through informal means, a supplier can complain via https://www.gepacademies.com/complaints/.
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
GUILDFORD EDUCATION PARTNERSHIP is a dissolved private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 26 May 2011, based in the South East region. Registered business activity: Primary education; General secondary education.
From Companies House records.