The average time for CHAPEL STREET COMMUNITY SCHOOLS TRUST to pay invoices has increased over the past three periods, from 31 days in Sep 2017 - Feb 2018 to 38 days in Sep 2018 - Feb 2019.
The percentage of invoices paid within 30 days has decreased from 60% to 40% in the same period, while the percentage of invoices paid later than 60 days has increased from 20% to 30%. This shows an increase in volatility in the company's payment process.
In the past three periods, CHAPEL STREET COMMUNITY SCHOOLS TRUST has seen an increase in the average time to pay invoices, from 31 days to 38 days. The percentage of invoices paid within 30 days has also decreased from 60% to 40%, while the percentage of invoices paid later than 60 days has increased from 20% to 30%. The company has consistently had a shortest (or only) standard payment period of 1 day.
| 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 2017 - 28 Feb 2018 | 28 Feb 2018 | 31 | 60% | 20% | 20% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We strive to pay within the terms, but those outside the standards terms relate to: queries; delayed receipt of invoice from schools; and/or emergency payment.
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
31
To date we have had minimal complaints, but generally, I the FD will investigate what the issue is and see what we can do, when to pay and how quickly. email a response either pre or post call so there is no misunderstanding about what was discussed and what the resolution will be.
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
CHAPEL STREET COMMUNITY SCHOOLS TRUST is a liquidation private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 19 December 2011, based in the North West region. Registered business activity: Primary education; General secondary education; Technical and vocational secondary education.
From Companies House records.