AFFINITY TRUST exhibits a stable payment trend with an average payment time of 30 days, as 52% of invoices are settled within this period. A substantial portion, 47%, extends to the 31-60 day window, indicating a common practice of slightly longer payment cycles for almost half of their invoices. Only 1% of payments go beyond 60 days, suggesting a generally consistent and predictable payment pattern.
Payment reliability is moderate, with a significant split where 52% are prompt but 47% fall into the 31-60 day category, indicating some variability in the exact payment timing. Despite this, the extremely low 1% of payments exceeding 60 days and 0% officially late payments suggest a highly predictable environment with minimal high-risk delays. Suppliers can generally expect payment, but should account for the possibility of it occurring in the second month.
Overall, AFFINITY TRUST represents a low payment risk for suppliers, with nearly all payments completed within 60 days. Key decision factors include adjusting cash flow expectations to accommodate the 31-60 day payment window for a significant portion of invoices. To mitigate the minor risk of delayed payments, suppliers might consider establishing clear follow-up procedures for invoices approaching the 60-day mark.
| 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 2024 - 30 Sept 2024 | 30 Dec 2024 | 30 | 52% | 47% | 1% | 0% |
| 01 Oct 2023 - 31 Mar 2024 | 03 May 2024 | 29 | 61% | 37% | 2% | 0% |
| 01 Apr 2023 - 30 Sept 2023 | 03 May 2024 | 30 | 60% | 32% | 8% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 23 | 79% | 19% | 2% | 21% |
| 01 Apr 2018 - 30 Sept 2018 | 01 Oct 2018 | 26 | 72% | 24% | 4% | 28% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 20 | 84% | 12% | 4% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Affinity Trust aims to pay all supplies within 30 days of receipt of 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
Any disputes or complaints are responded to by the Accounts department in Thame, normally within five working days. If a dispute cannot be resolved within a further week, it would be escalated to either the Head of Finance or Finance Director for resolution.
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
Affinity Trust is a charity and social care provider operating across England and Scotland, registered as a company limited by guarantee. It supports people with learning disabilities, autism, mental ill health, physical disabilities and other complex needs, helping them live independently. Services include supported living, community-based support and support for children and young people, delivered in people's own homes and through community opportunities. Established in 1991, it is registered with the Care Quality Commission in England and the Care Inspectorate in Scotland. It also runs Englefield Garden Centre, a social enterprise offering horticultural work placements for people with support needs.
Generated from the company's website and Companies House records. Sources: affinitytrust.org · affinitytrust.org