Score of 97.5/100 qualifies for PaymentCheck Certification
The trend for WADE DEACON TRUST's average time to pay invoices has been decreasing over the past six periods, dropping from 37 days in 2017-09 to 12 days in 2023-08. This is a significant decrease of 68.3% over this time period.
The volatility of WADE DEACON TRUST's average time to pay invoices has been relatively stable over the past six periods, with only a 2-day difference between the highest and lowest values.
From 2017-09 to 2023-08, WADE DEACON TRUST's average time to pay invoices has decreased from 37 days to 12 days, a significant decrease of 68.3%. The percentage of invoices paid within 30 days has also consistently increased, from 57% in 2017-09 to 95% in 2023-08. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 8% in 2017-09 to 9% in 2023-08. The shortest standard payment period has remained at 0 days throughout the entire time 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 Sept 2025 - 28 Feb 2026 | 20 Mar 2026 | 10 | 95% | 4% | 1% | 2% |
| 01 Mar 2025 - 31 Aug 2025 | 29 Sept 2025 | 10 | 96% | 3% | 1% | 4% |
| 01 Sept 2024 - 28 Feb 2025 | 06 May 2025 | 11 | 96% | 3% | 1% | 4% |
| 01 Mar 2024 - 31 Aug 2024 | 01 Oct 2024 | 12 | 95% | 4% | 1% | 7% |
| 01 Sept 2023 - 29 Feb 2024 | 18 Mar 2024 | 12 | 95% | 4% | 1% | 7% |
| 01 Mar 2023 - 31 Aug 2023 | 28 Sept 2023 | 12 | 95% | 4% | 1% | 8% |
| 01 Sept 2022 - 28 Feb 2023 | 29 Mar 2023 | 12 | 97% | 2% | 1% | 8% |
| 01 Mar 2022 - 31 Aug 2022 | 21 Sept 2022 | 19 | 89% | 9% | 2% | 10% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 25 | 71% | 23% | 6% | 14% |
| 01 Mar 2021 - 31 Aug 2021 | 01 Oct 2021 | 21 | 76% | 19% | 5% | 9% |
| 01 Sept 2020 - 28 Feb 2021 | 01 Apr 2021 | 23 | 80% | 15% | 5% | 10% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 24 | 74% | 20% | 6% | 10% |
| 01 Sept 2019 - 29 Feb 2020 | 30 Mar 2020 | 28 | 62% | 31% | 7% | 19% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 23 | 65% | 30% | 5% | 21% |
| 01 Sept 2018 - 28 Feb 2019 | 20 Sept 2019 | 32 | 60% | 34% | 6% | 14% |
| 01 Mar 2018 - 31 Aug 2018 | 20 Sept 2019 | 28 | 57% | 34% | 9% | 15% |
| 01 Sept 2017 - 28 Feb 2018 | 20 Sept 2019 | 37 | 57% | 35% | 8% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most frequently used payment terms are 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
60
The Finance team will raise a dispute with the supplier if there is a question about whether all the goods have arrived or are in a suitable condition. There may also be queries regarding the value on the invoice or any other arithmetical errors. These are raised via phone and in email and invoices are held on dispute on the system until the query is resolved, resulting in payment being made or a credit being issued.
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
Wade Deacon Trust is the academy trust registered for Wade Deacon High School in Widnes. It operates as an educational entity providing secondary and primary education, encompassing school governance and administration. The trust's own website presents it as the operator of Wade Deacon High School, covering admissions, curriculum, pastoral care and exam results. Companies House records confirm its SIC codes as primary and general secondary education. The registered office is based at the school premises. As a corporate structure, the trust exists to run the school rather than trade commercially, with its core activity being the delivery of secondary education to pupils in the Widnes area.
Generated from the company's website and Companies House records. Sources: wadedeacon.co.uk