The average time taken for THE ST NEOTS LEARNING PARTNERSHIP to pay invoices has fluctuated over the past three periods. In the first period (Sep 2017 - Feb 2018), the average time was 22 days, increasing to 27.3 days in the second period (Mar 2018 - Aug 2018), and then decreasing to 23.3 days in the third period (Sep 2018 - Feb 2019).
The volatility of THE ST NEOTS LEARNING PARTNERSHIP's payment times can be seen in the changes between periods. In the first period, 83% of invoices were paid within 30 days, with only 2% paid later than 60 days. This changed in the second period, with a decrease to 69% of invoices paid within 30 days and an increase to 8% paid later than 60 days. The third period saw a slight improvement, with 79% of invoices paid within 30 days and a decrease to 6% paid later than 60 days.
In the first period, THE ST NEOTS LEARNING PARTNERSHIP had an average time to pay of 22 days, with 83% of invoices paid within 30 days and only 2% paid later than 60 days. In the second period, the average time increased to 27.3 days, with a decrease to 69% of invoices paid within 30 days and an increase to 8% paid later than 60 days. The third period saw a slight improvement, with an average time of 23.3 days, 79% of invoices paid within 30 days, and a decrease to 6% paid later than 60 days.
| 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 Sept 2017 - 28 Feb 2018 | 09 Mar 2018 | 22 | 83% | 15% | 2% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
No formal standard terms are in place. Most frequently used payment period is 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
All disputes/complaints are dealt with by school's finance departments in the first instance. If necessary the dispute/complaint is esclated to a school's Finance Manager As a last resort any disputes/complaints are investigated by the Trust's Finance Director
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
THE ST NEOTS LEARNING PARTNERSHIP is a dissolved private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 13 July 2011, based in the East of England region. Registered business activity: General secondary education.
From Companies House records.