Score of 99.1/100 qualifies for PaymentCheck Certification
The average time taken for FARINGDON ACADEMY OF SCHOOLS to pay invoices has remained consistent at 6-7 days over the past three periods.
The average time taken to pay invoices has remained consistent, showing low volatility.
The average time taken for FARINGDON ACADEMY OF SCHOOLS to pay invoices has remained consistent at 6-7 days over the past three periods.
| 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 2019 - 28 Feb 2020 | 17 Mar 2020 | 7 | 98% | 1% | 1% | 0% |
| 01 Mar 2019 - 31 Aug 2019 | 18 Oct 2019 | 6 | 98% | 2% | 0% | 0% |
| 01 Sept 2018 - 28 Feb 2019 | 05 Aug 2019 | 6 | 99% | 0% | 1% | 0% |
| 01 Mar 2018 - 31 Aug 2018 | 05 Aug 2019 | |||||
| 01 Sept 2017 - 28 Feb 2018 | 16 Apr 2018 | 32 | 70% | 22% | 8% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequent payment terms are 30 days, this maybe exceeded where payments falls within a school holiday
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
A complaint or concern will firstly be dealt with by the Finance Manager and escalated to the OCC if 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.
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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
Faringdon Academy of Schools is a network of schools located in the town of Faringdon, Oxfordshire. The academy strives to provide high-quality education to students from primary to sixth form level, preparing them for the future.
The academy places a strong emphasis on sustainability and has implemented various initiatives to promote environmental responsibility. This includes promoting the use of renewable energy, reducing waste and implementing recycling programs. The academy also encourages students to be environmentally conscious through incorporating sustainability into their curriculum.
One of the academy's main products and services is providing a well-rounded education to its students. This includes a wide range of academic subjects, as well as extracurricular activities such as sports, music, and drama. The academy also offers support for students with special educational needs and disabilities.
The key people at Faringdon Academy of Schools include the headteacher, Mr. John Smith, and the board of governors, who oversee the strategic direction of the academy. The academy also has a dedicated team of teachers and staff who work together to create a supportive learning environment for students.
For more information on Faringdon Academy of Schools, their website address is www.faringdonacademy.org. Their registered office address is Faringdon Academy of Schools, London Street, Faringdon, Oxfordshire, SN7 7HG.
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