| 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 2018 - 28 Feb 2019 | 10 Oct 2019 | 32 | 67% | 22% | 11% | 33% |
| 01 Sept 2017 - 28 Feb 2018 | 23 Mar 2018 | 32 | 56% | 36% | 8% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice or when goods/services have been satisfactorily received
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
30
The Finance Team deal with any disputes in the first instance, escalating through their line management and up to the Director of Finance when necessary.
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.
❌
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.
❌
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.
❌
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
Wellsway Multi Academy Trust is a registered academy trust that now operates as Futura Learning Partnership. It is registered for primary and general secondary education activities. Evidence shows it runs a group of schools including Chestnut Park Primary School, which describes itself as working alongside Futura Learning Partnership to deliver primary education. The trust's registered office is at Wellsway School in Keynsham, Bristol. As a multi academy trust, it oversees and supports its member schools rather than being a single school itself, with responsibility for governance, curriculum delivery and pupil welfare across the schools within its group.
Generated from the company's website and Companies House records. Sources: chestnutparkschool.org.uk · chestnutparkschool.org.uk