Ranked in 2 industries
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The average time taken for THE PARTNERSHIP TRUST to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period.
The volatility of THE PARTNERSHIP TRUST's payment patterns has decreased over the past three periods, with a decrease in the percentage of invoices paid later than 60 days and an increase in invoices paid within 30 days.
In the past three periods, THE PARTNERSHIP TRUST has shown improvement in paying invoices within 30 days, with an increase from 71% to 82%. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the most recent period.
| 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 2022 - 31 Aug 2022 | 27 Sept 2022 | 27 | 82% | 13% | 5% | 50% |
| 01 Sept 2021 - 28 Feb 2022 | 01 Apr 2022 | 27 | 82% | 13% | 5% | 45% |
| 01 Mar 2021 - 31 Aug 2021 | 06 Oct 2021 | 26 | 82% | 13% | 5% | 41% |
| 01 Sept 2020 - 28 Feb 2021 | 04 May 2021 | 26 | 81% | 14% | 5% | 44% |
| 01 Mar 2020 - 31 Aug 2020 | 24 Sept 2020 | 23 | 83% | 11% | 6% | 56% |
| 01 Sept 2019 - 29 Feb 2020 | 30 Apr 2020 | 22 | 83% | 13% | 4% | 60% |
| 01 Mar 2019 - 31 Aug 2019 | 04 Oct 2019 | 30 | 74% | 18% | 8% | 67% |
| 01 Sept 2018 - 28 Feb 2019 | 06 Jun 2019 | 27 | 71% | 23% | 6% | 76% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We do not have our own standard terms but agree the supplier terms when setting up new accounts
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Disputes are usually resolved by the person who placed the order with the supplier. The Business Manager will become involved if necessary. There is no set timescale but will try to resolve as soon as possible and within the suppliers' payment terms
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 Partnership Trust is a multi-academy trust operating out of Fosse Way School in Radstock. It was previously registered under other names, including Fosse Way School, Fosse Way Trust and The Bath and Mendip Partnership Trust, before adopting its current name. Companies House records its business as other education not elsewhere classified. Government schools data shows it oversees seventeen academies, including special schools and primary schools across Bath and North East Somerset and Somerset, having taken these on at various dates since 2011. As a multi-academy trust, it is a charitable company limited by guarantee responsible for the governance and running of its member academies rather than a commercial trading business.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · get-information-schools.service.gov.uk