Score of 97.1/100 qualifies for PaymentCheck Certification
| 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 2022 - 28 Feb 2023 | 03 May 2023 | 15 | 97% | 2% | 1% | 8% |
| 01 Mar 2022 - 31 Aug 2022 | 22 Sept 2022 | 15 | 98% | 1% | 1% | 13% |
| 01 Sept 2021 - 28 Feb 2022 | 28 Mar 2022 | 14 | 98% | 1% | 1% | 12% |
| 01 Mar 2021 - 31 Aug 2021 | 05 Oct 2021 | 13 | 98% | 1% | 1% | 8% |
| 01 Sept 2020 - 28 Feb 2021 | 15 Sept 2021 | 12 | 99% | 1% | 0% | 8% |
| 01 Mar 2020 - 31 Aug 2020 | 23 Sept 2020 | 34 | 77% | 15% | 8% | 18% |
| 01 Sept 2019 - 29 Feb 2020 | 11 Mar 2020 | 16 | 95% | 4% | 1% | 14% |
| 01 Mar 2018 - 31 Aug 2019 | 01 Oct 2019 | 15 | 98% | 1% | 1% | 15% |
| 01 Sept 2017 - 28 Feb 2018 | 28 Mar 2018 | 47 | 15% | 66% | 19% | 92% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
As far as possible invoices are paid in the next payment run after 30 days have elapsed from the invoice date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
For a small number of suppliers payment terms of less than 30 days has been agreed as part of the contract
Maximum contractual payment period agreed
30
The Trust is committed to dealing with its suppliers in a fair, honest and professional manner whilst seeking best value for the Trust. We seek to resolve queries as quickly as possible to everyone's satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalate in the first instance to the Chief Finance Officer to seek a 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
Bay Education Trust was a multi-academy trust registered as a private company limited by guarantee, based at Paignton Academy in Devon. Its registered business activities were primary education and general secondary education, indicating it operated as the governing body overseeing one or more academy schools in the Paignton area. The company was dissolved on 22 October 2024, having been incorporated in November 2014. No further detail on the number of schools, pupils or specific academies operated is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk