RICHARD HUISH TRUST demonstrates a generally prompt payment profile, with an average payment time of 27 days and 84% of invoices settled within the 30-day threshold. The majority of late payments fall within the 31-60 day band (13%), suggesting that when delays occur, they are moderate rather than severe. The 3% of payments exceeding 60 days indicates that extended delays are uncommon but not absent.
With 16% of payments classified as late, there is a modest but notable degree of payment inconsistency that suppliers should factor into cash flow planning. The concentration of late payments in the 31-60 day range points to a predictable pattern of short-term delays rather than erratic or unpredictable behaviour. Overall, the payment profile is reasonably stable, presenting a low-to-moderate risk level for suppliers extending standard credit terms.
RICHARD HUISH TRUST represents a generally reliable payment partner, suitable for standard credit terms given its 27-day average and strong 30-day settlement rate of 84%. Suppliers should be aware that approximately 1 in 6 invoices will be paid late, and building a small buffer into payment forecasting is advisable. To mitigate risk, suppliers may consider issuing payment reminders around the 25-day mark and reviewing credit limits periodically to align with observed payment behaviour.
| 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 | 24 Mar 2026 | 27 | 84% | 13% | 3% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
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
Ordinarily, we would expect disputes to be resolved by the member of staff who purchased the goods or service. Where this is not the case, the dispute will be taken on by the Central Trust Finance Team.
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
Richard Huish Trust is a private limited company by guarantee without share capital, operating under the 'Limited' exemption. This company structure is characteristic of organisations established for charitable, educational, or public benefit purposes rather than for private profit. The Trust bears the name of Richard Huish College, a well-established further education institution based in Taunton, Somerset.
The organisation was incorporated on 20 November 2014 and is registered under company number 09320523 with Companies House. Its registered office is located at Richard Huish College, South Road, Taunton, Somerset, TA1 3DZ, placing it within the South West region of England. The company maintains an active status.
Companies limited by guarantee of this nature in the UK education sector typically exist to support, govern, or advance the work of an associated educational institution. Such trusts commonly oversee charitable activities, manage fundraising, administer bursaries and scholarships, or support the broader educational mission of their affiliated college or academy. They operate on a non-profit basis, with any surplus reinvested into the organisation's stated objectives.
As a company operating within the South West, Richard Huish Trust contributes to the educational and community landscape of Somerset, working in close association with Richard Huish College to further its aims and serve the interests of students and the wider community.