Industry ranking
Score of 98.1/100 qualifies for PaymentCheck Certification
The average time taken for BOURNE EDUCATION TRUST to pay invoices has remained relatively consistent over the past six years, with only a slight increase in the latest period. However, there has been a significant improvement in the percentage of invoices paid within 30 days, with a steady increase from 77% in 2017 to 98% in 2023. There has also been a decrease in the percentage of invoices paid later than 60 days, with a low of 0% in 2018 and 2022.
The volatility in BOURNE EDUCATION TRUST's invoice payment pattern has been relatively low, with only minor fluctuations in the average time taken to pay invoices and the percentage of invoices paid within 30 days. The most significant change was in 2020, where there was a sudden increase in the percentage of invoices not paid within agreed terms, potentially indicating some financial challenges faced by the company during this 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 2025 - 31 Aug 2025 | 11 Sept 2025 | 9 | 98% | 2% | 0% | 2% |
| 01 Sept 2024 - 28 Feb 2025 | 07 Mar 2025 | 9 | 97% | 2% | 1% | 3% |
| 01 Mar 2024 - 31 Aug 2024 | 09 Sept 2024 | 9 | 99% | 1% | 0% | 6% |
| 01 Sept 2023 - 29 Feb 2024 | 11 Mar 2024 | 9 | 97% | 2% | 1% | 3% |
| 01 Mar 2023 - 01 Aug 2023 | 08 Sept 2023 | 8 | 98% | 1% | 1% | 6% |
| 01 Sept 2022 - 28 Feb 2023 | 06 Mar 2023 | 8 | 98% | 2% | 0% | 6% |
| 01 Mar 2022 - 31 Aug 2022 | 14 Sept 2022 | 9 | 97% | 2% | 1% | 3% |
| 01 Sept 2021 - 28 Feb 2022 | 18 Mar 2022 | 9 | 97% | 3% | 0% | 7% |
| 01 Mar 2021 - 31 Aug 2021 | 08 Sept 2021 | 9 | 98% | 1% | 1% | 7% |
| 01 Sept 2020 - 28 Feb 2021 | 01 Mar 2021 | 9 | 98% | 2% | 1% | 7% |
| 01 Mar 2020 - 31 Aug 2020 | 14 Oct 2020 | 8 | 98% | 2% | 0% | 7% |
| 01 Sept 2019 - 29 Feb 2020 | 03 Mar 2020 | 8 | 98% | 1% | 1% | 2% |
| 01 Mar 2019 - 31 Aug 2019 | 17 Oct 2019 | 7 | 99% | 1% | 0% | 1% |
| 01 Sept 2018 - 28 Feb 2019 | 21 Mar 2019 | 8 | 99% | 1% | 0% | 1% |
| 01 Mar 2018 - 31 Aug 2018 | 21 Sept 2018 | 8 | 98% | 2% | 0% | 1% |
| 01 Sept 2017 - 28 Feb 2018 | 28 Mar 2018 | 25 | 77% | 18% | 5% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days
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
A complaint or concern will be referred by the Finance Manager to the Business Manager. If this is not resolved it will be referred to the Head of Finance. If this is not resolved it will be referred to the Finance Director
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
Bourne Education Trust is a multi-academy trust, established in 2011, operating primary, secondary and special academies and associate schools across Hampshire, London and Surrey. It comprises 19 primary, 12 secondary, 5 associate and 5 specialist schools, employing over 2,300 staff and educating more than 16,500 pupils. The Trust focuses on standards across its schools, supporting and intervening where needed to maintain educational quality, and runs initiatives covering digital learning, reading provision and staff development across its member and associate schools. It is registered with its office at a school site in Epsom, Surrey.
Generated from the company's website and Companies House records. Sources: bourne.education · bourne.education