THE PRIORY LEARNING TRUST
Company Information
- Company Number
- 07698707
- Registered Address
- Priory Community School Queensway, St George's, Weston-Super-Mare, Somerset, BS22 6BP
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 8 July 2011
- Nature of Business
- 85200 - Primary education85310 - General secondary education
- Industries
- Coming Soon
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
THE PRIORY LEARNING TRUST exhibits a strong trend of prompt payments, with an average payment time of 24 days. A significant 82% of invoices are consistently settled within 30 days, indicating a favorable and predictable payment trajectory.
Volatility Analysis
Despite the generally prompt payments, a 17% late payment rate introduces some moderate volatility, with 4% of invoices extending beyond 60 days. Suppliers should anticipate that a small but notable portion of payments may fall into the 31-60 day or longer categories, impacting complete cash flow predictability.
Summary Analysis
Overall, THE PRIORY LEARNING TRUST presents a largely reliable payment profile, making them a generally favorable partner for suppliers. Suppliers should be aware of the 17% late payment rate and consider this when establishing credit terms and managing cash flow expectations. Monitoring adherence to payment terms for initial invoices could be a prudent risk mitigation strategy.
Performance Reports History
| 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 Sept 2023 - 29 Feb 2024 | 27 Mar 2024 | 24 | 82% | 13% | 4% | 17% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
30
Dispute Resolution Process
If there are any disputes related to payment the budget holder will consult with the supplier and resolve these prior to payment being released
Other Payment Information
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
Company Summary
THE PRIORY LEARNING TRUST is an active educational organisation, established as a Private Limited Company by guarantee without share capital. This company type, combined with "Learning Trust" in its name, indicates its primary function is within the education sector.
It operates under company number 07698707 and was incorporated on 8 July 2011. Its registered office is located in the South West, specifically at Priory Community School Queensway, St George's, Weston-Super-Mare, Somerset, BS22 6BP.
As a learning trust, this type of organisation typically operates and manages educational institutions, such as academies, within the UK. This involves providing high-quality teaching and learning, curriculum development, and comprehensive educational support for pupils.
