The average time taken by BOHUNT EDUCATION TRUST to pay invoices has decreased from 2017-2018 to 2019-2020. The percentage of invoices paid within 30 days has also decreased in the same period, while the percentage of invoices paid between 31 and 60 days has increased. However, the percentage of invoices paid later than 60 days has decreased from 2018-2019 to 2019-2020. This shows that the company has been making efforts towards paying invoices on time.
The company's average time to pay has been relatively stable in the past three periods, with a decrease in 2018-2019 and a slight increase in 2019-2020. However, there has been some volatility in the percentage of invoices paid within 30 days, with a decrease in 2018-2019 and then an increase in 2019-2020. The percentage of invoices paid between 31 and 60 days has also shown some volatility, with an increase in 2018-2019 and then a decrease in 2019-2020. The biggest change has been seen in the percentage of invoices paid later than 60 days, which has decreased significantly in 2019-2020 compared to the previous periods.
| 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 Mar 2019 - 31 Aug 2019 | 01 Nov 2019 | 37 | 54% | 39% | 7% | 66% |
| 01 Sept 2018 - 28 Feb 2019 | 05 Apr 2019 | 41 | 70% | 9% | 21% | 30% |
| 01 Mar 2018 - 31 Aug 2018 | 05 Apr 2019 | 48 | 65% | 17% | 18% | 35% |
| 01 Sept 2017 - 28 Feb 2018 | 22 Mar 2018 | 29 | 69% | 9% | 22% | 31% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days standard payment terms
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
1825
A dispute would be raised by budget holders, and communicated to suppliers by the finance department. Invoices are put on hold until disputes are resolved.
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
Bohunt Education Trust is a charitable company limited by guarantee, registered in England and Wales, that operates as a multi-academy trust. It is the founding trust behind Bohunt School in Liphook, Hampshire, a mixed 11-18 secondary school and sixth form with over 1,900 students, and oversees a number of member schools across the south of England and beyond. Its registered activities cover general secondary education and the operation of sports facilities. Bohunt School itself, part of the trust, is rated Outstanding by Ofsted and offers a broad academic curriculum including immersion language teaching, alongside sixth form provision, sports and extra-curricular activities.
Generated from the company's website and Companies House records. Sources: bohunt.hants.sch.uk · bohunt.hants.sch.uk · bohunt.hants.sch.uk