Industry ranking
Score of 94.7/100 qualifies for PaymentCheck Certification
The average time taken for NEWQUAY EDUCATION TRUST to pay invoices has remained consistent at 15-16 days over the past three periods.
The percentage of invoices paid within 30 days has consistently been between 90-92% over the past three periods. The percentage of invoices paid between 31-60 days has fluctuated between 5-7%, and the percentage of invoices paid later than 60 days has remained at 2-3% over the past three periods.
| 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 2019 - 29 Feb 2020 | 24 Mar 2020 | 15 | 92% | 5% | 3% | 9% |
| 01 Mar 2019 - 31 Aug 2019 | 27 Sept 2019 | 15 | 91% | 7% | 2% | 9% |
| 01 Sept 2018 - 28 Feb 2019 | 13 Mar 2019 | 15 | 92% | 5% | 3% | 9% |
| 01 Mar 2018 - 31 Aug 2018 | 21 Sept 2018 | 16 | 91% | 7% | 2% | 9% |
| 01 Sept 2017 - 28 Feb 2018 | 26 Mar 2018 | 16 | 90% | 7% | 3% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
STANDARD TRADING TERMS
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
90
INVOICE WILL BE PLACED ON DISPUTE AND COMPANY CONTACTED TO RESOLVE ANY ISSUE
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
NEWQUAY EDUCATION TRUST is a dissolved private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 26 March 2014, based in the South West region. Registered business activity: Primary education.
From Companies House records.