Score of 97.7/100 qualifies for PaymentCheck Certification
ST MUNGO COMMUNITY HOUSING ASSOCIATION consistently demonstrates exceptional payment speed, with an average payment time of just 10 days and 96% of invoices settled within 30 days. This trend signifies a highly efficient and reliable payment trajectory, indicating strong operational financial health and a commitment to prompt supplier payments.
Payment volatility is remarkably low, with only 3% of invoices categorized as late, and merely 1% extending beyond 60 days. This indicates high predictability and reliability in payment behavior, minimizing financial uncertainty for suppliers.
Based on the data, ST MUNGO COMMUNITY HOUSING ASSOCIATION presents a very low payment risk for suppliers, making them an excellent business partner. Suppliers can confidently establish terms, focusing on operational execution rather than concerns over payment timeliness or cash flow disruptions.
| 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 Oct 2024 - 31 Mar 2025 | 06 May 2025 | 10 | 96% | 3% | 1% | 3% |
| 01 Apr 2024 - 30 Sept 2024 | 06 Jan 2025 | 18 | 85% | 12% | 3% | 8% |
| 01 Oct 2023 - 31 Mar 2024 | 09 May 2024 | 18 | 89% | 8% | 4% | 6% |
| 31 Mar 2023 - 30 Sept 2023 | 27 Nov 2023 | 19 | 85% | 12% | 3% | 6% |
| 01 Oct 2022 - 31 Mar 2023 | 15 May 2023 | 16 | 93% | 5% | 3% | 5% |
| 01 Apr 2022 - 30 Sept 2022 | 09 Nov 2022 | 27 | 88% | 5% | 7% | 9% |
| 01 Sept 2021 - 31 Mar 2022 | 21 Apr 2022 | 12 | 95% | 4% | 2% | 5% |
| 01 Apr 2021 - 30 Sept 2021 | 19 Nov 2021 | 11 | 94% | 3% | 2% | 5% |
| 01 Oct 2020 - 31 Mar 2021 | 11 Jun 2021 | 18 | 85% | 10% | 4% | 13% |
| 01 Apr 2020 - 30 Sept 2020 | 22 Oct 2020 | 24 | 69% | 21% | 9% | 17% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 25 | 72% | 23% | 5% | 20% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 16 | 91% | 7% | 2% | 6% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 24 | 82% | 13% | 5% | 13% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Apr 2019 | 32 | 77% | 14% | 9% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
https://www.mungos.org/wp-content/uploads/2018/03/St-Mungos-Purchase-Order-Standard-Terms-and-Conditions-Services-Short-version-GDPR-LW.pdf
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 resolved in accordance with the contractually-agreed dispute resolution procedure. The standard procedure is set out in St Mungo's terms and conditions.
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
ST MUNGO COMMUNITY HOUSING ASSOCIATION operates as a not-for-profit organisation, focusing on providing housing and related services within a community setting. Its structure as a Private Limited Company by guarantee without share capital highlights its commitment to its stated purpose.
The company was incorporated on 24 September 2012 and holds the company number 08225808. It is an active entity, with its registered office located at 5th Floor 3 Thomas More Square, London, England, E1W 1YW.
Community housing associations in the UK typically provide affordable housing solutions, including the development, ownership, and management of residential properties. They often offer support services to residents and engage in broader community development initiatives.