THE CONSTELLATION TRUST demonstrates a consistent trend of delayed payments, with an average payment time of 37 days indicating a departure from typical 30-day terms. A significant 76% of invoices are paid late, with the majority (61%) settling within the 31-60 day period. This pattern suggests a predictable trajectory towards payments exceeding initial deadlines.
Payment reliability for THE CONSTELLATION TRUST is low, given that only 30% of invoices are paid within 30 days and 76% are consistently late. While the substantial concentration of payments (61%) within the 31-60 day window offers some predictability for delayed settlement, the 9% extending beyond 60 days introduces an element of higher risk. This distribution indicates a moderate to high risk of payments consistently exceeding standard terms.
Suppliers should anticipate an average payment delay of over a week past 30-day terms when dealing with THE CONSTELLATION TRUST, with a high likelihood of invoices settling between 31 and 60 days. Key decision factors include adjusting cash flow projections to accommodate the 37-day average payment cycle and recognizing the risk of a small percentage of payments exceeding 60 days. Consider implementing stricter payment terms, such as requiring deposits or leveraging early payment discounts, to mitigate the identified payment risk effectively.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We do not currently have standard payment terms as an organisation, the most commonly used payment terms are 30 days payment due from invoice date which we use for the majority of our supplier base.
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
In the case of a dispute arising regarding payment of invoices, the supplier should contact the Central Trust Finance Team (finance@theconstellationtrust.org.uk). Resolutions raised with the above, will be dealt reviewed and an explanation provided within 5 working days. Where the dispute / concern requires further investigation, this will be explained to the supplier with a suitable timescale agreed.
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
THE CONSTELLATION TRUST operates as a Private Limited Company by guarantee without share capital, benefiting from an exemption from using 'Limited' in its name. This organisational structure is characteristic of not-for-profit entities established for public benefit, charitable, or specific community-focused purposes.
Registered as an active company under number 06545396, THE CONSTELLATION TRUST was incorporated on 26 March 2008. Its registered office is located at Sirius Academy, 296 Anlaby Park Road South, Hull, HU4 7JB, positioning its operations within Yorkshire.
As a company limited by guarantee without share capital, THE CONSTELLATION TRUST is established to pursue specific objectives rather than generate profit for shareholders. In the UK market, such organisations typically provide services and programmes aligned with their foundational purpose, which often involves educational, social, or community initiatives.