Score of 99.4/100 qualifies for PaymentCheck Certification
The average time taken for PARADIGM TRUST to pay invoices has decreased over the past three periods, from 25 days in 2017-2018 to 9 days in 2022-2023. The percentage of invoices paid within 30 days has consistently been above 75%, with a peak of 99% in 2021-2022. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 12% in 2017-2018 to 18% in 2020-2021. The percentage of invoices paid later than 60 days has also increased, reaching a high of 8% in 2020-2021.
There has been some volatility in PARADIGM TRUST's payment patterns over the past three periods. The average time taken to pay invoices has fluctuated between 8 and 28 days, with a peak in 2020-2021. The percentage of invoices paid within 30 days has remained relatively stable, while the percentage of invoices paid between 31 and 60 days has fluctuated between 16 and 18%. The percentage of invoices paid later than 60 days has seen the most volatility, ranging from 4% to 8%.
| 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 | 03 Mar 2026 | 6 | 99% | 1% | 0% | 1% |
| 01 Sept 2024 - 28 Feb 2025 | 05 Mar 2025 | 8 | 99% | 1% | 0% | 1% |
| 01 Mar 2024 - 31 Aug 2024 | 07 Oct 2024 | 8 | 100% | 0% | 0% | 0% |
| 01 Sept 2023 - 29 Feb 2024 | 06 Mar 2024 | 7 | 99% | 1% | 0% | 1% |
| 01 Mar 2023 - 31 Aug 2023 | 11 Sept 2023 | 9 | 99% | 1% | 0% | 1% |
| 01 Sept 2022 - 28 Feb 2023 | 10 Mar 2023 | 8 | 98% | 2% | 0% | 2% |
| 01 Mar 2022 - 31 Aug 2022 | 04 Oct 2022 | 9 | 98% | 2% | 0% | 2% |
| 01 Sept 2021 - 28 Feb 2022 | 10 Mar 2022 | 9 | 99% | 1% | 0% | 1% |
| 01 Mar 2021 - 31 Aug 2021 | 15 Sept 2021 | 28 | 77% | 16% | 7% | 23% |
| 01 Sept 2020 - 28 Feb 2021 | 08 Mar 2021 | 28 | 75% | 17% | 8% | 26% |
| 01 Mar 2020 - 31 Aug 2020 | 14 Sept 2020 | 28 | 74% | 18% | 8% | 26% |
| 01 Sept 2019 - 29 Feb 2020 | 20 Mar 2020 | 24 | 80% | 15% | 5% | 20% |
| 01 Mar 2019 - 31 Aug 2019 | 11 Sept 2019 | 23 | 84% | 12% | 4% | 16% |
| 01 Sept 2018 - 28 Feb 2019 | 21 Mar 2019 | 22 | 78% | 17% | 5% | 22% |
| 01 Mar 2018 - 31 Aug 2018 | 26 Sept 2018 | 21 | 79% | 16% | 5% | 21% |
| 01 Sept 2017 - 28 Feb 2018 | 23 Mar 2018 | 25 | 83% | 12% | 5% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
STANDARD 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
31
Any disputes are at first tried to be remedied by the finance supervisor. IF ongoing these will be escalated to the CFO for resolution.
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
Paradigm Trust is a multi-academy trust registered with Companies House, with its registered office listed at Culloden Primary School in London. It operates as the governing body for a group of academy schools, including Culloden Primary Academy, providing primary and general secondary education. The Trust holds overall responsibility for school governance, standards and performance across its academies, with day-to-day operations delegated to school leadership and a Chief Executive. Its schools deliver a broad curriculum, pastoral support and inclusion provision for pupils from nursery through to Year 6, with an emphasis on academic outcomes and pupil wellbeing. Companies House records classify its business under primary and secondary education codes.
Generated from the company's website and Companies House records. Sources: cullodenacademy.paradigmtrust.org · cullodenacademy.paradigmtrust.org