Score of 97/100 qualifies for PaymentCheck Certification
The average time taken for SAINT NICHOLAS OWEN CATHOLIC MULTI ACADEMY COMPANY to pay invoices has steadily decreased over the past three periods, with a significant drop from 39 days in the first period to only 9 days in the last period.
The volatility in the percentage of invoices paid within 30 days has been relatively low, with a slight increase from 76% to 98% in the second and third periods respectively. The most volatile percentage is the number of invoices paid later than 60 days, with a significant decrease from 13% to 0% in the fourth and fifth 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 | 25 Mar 2020 | 9 | 99% | 1% | 0% | 13% |
| 01 Mar 2019 - 31 Aug 2019 | 13 Dec 2019 | 10 | 98% | 2% | 0% | 15% |
| 01 Sept 2018 - 28 Feb 2019 | 03 Apr 2019 | 34 | 68% | 21% | 11% | 49% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Sept 2018 | 29 | 76% | 19% | 5% | 41% |
| 01 Sept 2017 - 28 Feb 2018 | 27 Mar 2018 | 39 | 34% | 53% | 13% | 66% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment term is 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
30
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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
Saint Nicholas Owen Catholic Multi Academy Company is a multi-academy trust registered in England, incorporated in August 2014. Its registered office is at Hagley Catholic High School in Worcestershire. According to Companies House classification, its activities cover pre-primary, primary and general secondary education, indicating that it operates or oversees a group of Catholic schools providing education from nursery through to secondary level. As a multi-academy trust, it functions as the governing body responsible for the schools within its network rather than as a commercial trading company. No further detail on specific school names or pupil numbers is available from the evidence provided.
Generated from the company's website and Companies House records.