The average time taken for THE PAPWORTH TRUST to pay invoices to suppliers has decreased from 38 days in the period of Apr, 2018 to Sep, 2018 to 33.3 days in the period of Apr, 2019 to Sep, 2019. This indicates a positive trend of the company paying invoices to suppliers in a shorter period of time.
The volatility of the company's average time to pay invoices has decreased from 5 days in the period of Apr, 2018 to Sep, 2018 to 0 days in the period of Apr, 2019 to Sep, 2019. This suggests that there has been a consistent improvement in the company's payment process.
| 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 Oct 2018 - 31 Mar 2019 | 27 Sept 2019 | |||||
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 38 | 43% | 45% | 12% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Papworth Trust has dedicated accounts payable staff who are available and responsible for dealing with invoicing queries and concerns. Disputes, when occurring, should be directed to the accounts payable team who will resolve queries directly with the individual responsible for procuring the associated goods or services. If the query cannot be resolved appropriate queries can be escalated to the Financial Controller or the appropriate Director for consideration.
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
Papworth Trust supports disabled people across the East of England through a range of services. It provides housing aimed at enabling independent living, employment support programmes including training and workplace experience, and care services in Suffolk that have received Care Quality Commission ratings of Outstanding and Good. It also runs day opportunities services in South Cambridgeshire, Cambridge, Basildon, Huntingdon and Ipswich, combining community and centre-based activities to build independence, wellbeing and social connection. The organisation also advises local businesses on disability inclusion as a Disability Confident Leader. It is registered in Huntingdon, Cambridgeshire, and was incorporated in 1917.
Generated from the company's website and Companies House records. Sources: papworthtrust.org.uk