MILESTONES TRUST demonstrates a highly favorable payment trend, with an average payment time of 29 days and 91% of invoices settled within 30 days. This consistently prompt payment behavior indicates a reliable cash flow trajectory for suppliers.
The company exhibits very low payment volatility, with 91% of payments reliably made within 30 days and only 1% extending beyond 60 days. This strong performance, complemented by a 0% late payment rate, indicates high predictability and minimal payment risk for suppliers.
Overall, MILESTONES TRUST presents as an exceptionally reliable payer, making them a low-risk partner for suppliers. Key decision factors include their consistent promptness and the complete absence of officially late payments, ensuring stable cash flow for partners. Suppliers should experience minimal payment-related issues, with no specific risk mitigation strategies beyond standard business practices immediately apparent.
| 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 | 25 Nov 2019 | 29 | 91% | 8% | 1% | 0% |
| 31 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 35 | 73% | 22% | 5% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 29 | 82% | 13% | 5% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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
The finance team work with our budget holders and our suppliers to resolve issues as quickly as possible
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
Milestones Trust is a charity providing support and care services for adults with learning disabilities, mental health needs and complex behavioural needs across Bath, Bristol, North Somerset, South Gloucestershire, Swindon and Wiltshire. It operates around 80 residential and supported living services, employing about 1,300 staff who support roughly 530 people. Services include residential care homes, supported living, short breaks, day opportunities and assistive technology support. Incorporated in 1986, the organisation focuses on person-centred approaches, building relationships and tailoring support to individual needs rather than offering a standardised model.
Generated from the company's website and Companies House records. Sources: milestonestrust.org.uk · milestonestrust.org.uk · milestonestrust.org.uk