The average payment time for NATIONAL FOUNDATION FOR EDUCATIONAL RESEARCH IN ENGLAND AND WALES(THE) is exceptionally fast at 13 days. This trend is highly consistent, with a remarkable 99% of payments processed within 30 days. The trajectory indicates a strong and sustained commitment to prompt settlements, demonstrating excellent financial discipline.
Payment behavior shows extremely low volatility and high predictability, as only 1% of payments extend into the 31-60 day window. Critically, there are no instances of payments exceeding 60 days or being officially classified as late (0%). This profile indicates a highly reliable and predictable payment partner for suppliers.
Overall, NATIONAL FOUNDATION FOR EDUCATIONAL RESEARCH IN ENGLAND AND WALES(THE) presents as an exceptionally low-risk and highly desirable partner for suppliers. Key decision factors include their consistent sub-30-day payment performance, ensuring predictable cash flow and minimal accounts receivable exposure. Suppliers can engage with high confidence, requiring no specific risk mitigation strategies beyond standard contractual terms.
| 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 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 13 | 99% | 1% | 0% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 13 | 99% | 1% | 0% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 11 | 98% | 1% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 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
30
We seek to arrive at a negotiated settlement based on the contract in place, the facts of the matter from both sides and the service provided.We may hold an invoice for payment whilst awaiting a credit note from that supplier.
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
NATIONAL FOUNDATION FOR EDUCATIONAL RESEARCH IN ENGLAND AND WALES(THE) is an active private company limited by guarantee without share capital, primarily engaged in educational research across England and Wales.
The organisation operates with company number 00900899, having been incorporated on 15 March 1967. Its registered office is located in the South East at The Mere, Upton Park, Slough, Berks, SL1 2DQ.
Organisations of this nature typically specialise in conducting research and evaluation studies related to education. Their activities commonly involve producing evidence-based reports, advising policymakers, and developing resources to support educational improvement and practice within the UK market.