Industry ranking
Score of 90/100 qualifies for PaymentCheck Certification
The average time for University of Derby to pay invoices has fluctuated over the past 6 years, with a general downward trend until 2020 when it saw a sharp decrease. However, in recent years the average time has been steadily increasing again.
The volatility of University of Derby's invoice payment time has been relatively high, with changes of 3-17% in the percentage of invoices paid within 30 days and 2-9% in the percentage of invoices paid later than 60 days. This indicates that the company's payment practices have not been consistent and have fluctuated over time.
From 2017 to 2020, University of Derby's average time to pay invoices decreased from 31 days to 18 days. This was largely due to an increase in the percentage of invoices paid within 30 days, from 67% to 93%. However, in 2021 and 2022, the average time to pay invoices increased again to 22 days, with a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days.
| 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 Feb 2025 - 31 Jul 2025 | 19 Dec 2025 | 27 | 92% | 5% | 3% | 8% |
| 01 Aug 2024 - 31 Jan 2025 | 13 Feb 2025 | 24 | 89% | 7% | 4% | 11% |
| 01 Feb 2024 - 31 Jul 2024 | 29 Aug 2024 | 23 | 93% | 5% | 2% | 7% |
| 01 Aug 2023 - 31 Jan 2024 | 27 Feb 2024 | 23 | 92% | 6% | 2% | 8% |
| 01 Feb 2023 - 31 Jul 2023 | 25 Aug 2023 | 28 | 81% | 12% | 7% | 19% |
| 01 Aug 2022 - 31 Jan 2023 | 27 Feb 2023 | 22 | 88% | 9% | 3% | 12% |
| 01 Feb 2022 - 31 Jul 2022 | 23 Aug 2022 | 22 | 91% | 6% | 3% | 9% |
| 01 Aug 2021 - 31 Jan 2022 | 15 Feb 2022 | 19 | 93% | 5% | 2% | 7% |
| 01 Feb 2021 - 31 Jul 2021 | 23 Aug 2021 | 19 | 93% | 4% | 3% | 7% |
| 01 Aug 2020 - 31 Jan 2021 | 22 Feb 2021 | 18 | 93% | 5% | 2% | 7% |
| 01 Feb 2020 - 31 Jul 2020 | 24 Aug 2020 | 23 | 89% | 5% | 6% | 11% |
| 01 Aug 2019 - 31 Jan 2020 | 28 Feb 2020 | 32 | 69% | 23% | 8% | 31% |
| 01 Feb 2019 - 31 Jul 2019 | 22 Aug 2019 | 30 | 77% | 15% | 8% | 23% |
| 01 Aug 2018 - 31 Jan 2019 | 01 Mar 2019 | 45 | 55% | 29% | 16% | 45% |
| 01 Feb 2018 - 31 Jul 2018 | 14 Aug 2018 | 30 | 76% | 17% | 7% | 24% |
| 01 Aug 2017 - 31 Jan 2018 | 01 Mar 2018 | 31 | 67% | 23% | 10% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from receipt of a valid invoice
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
Complaints should be logged with the Finance Department for investigation and response
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
UNIVERSITY OF DERBY is an active private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 7 July 1995, based in the East Midlands region. Registered business activity: Other research and experimental development on natural sciences and engineering; Post-secondary non-tertiary education; First-degree level higher education.
From Companies House records.