COMPASS ACADEMY TRUST
Company Information
- Company Number
- 09323096
- Registered Address
- Marian Vian Primary School, Shirley Crescent, Beckenham, England, BR3 4AZ
- Status
- Active — Active proposal to strike off
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 21 November 2014
- Nature of Business
- 85200 - Primary education
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
COMPASS ACADEMY TRUST exhibits a strong trend of prompt payments, with an average payment time of 23 days. A significant 83% of invoices are settled within 30 days, indicating consistent and timely processing. While 17% of payments are classified as late, the overall trajectory points towards reliable and quick remuneration for suppliers.
Volatility Analysis
The majority of payments are highly predictable within the 30-day window, demonstrating high reliability for suppliers. However, 11% of payments extend to 31-60 days and 6% beyond 60 days, introducing a minor degree of volatility. This suggests a low-risk scenario where occasional, extended delays for a small portion of invoices should be anticipated.
Summary Analysis
Suppliers can generally consider COMPASS ACADEMY TRUST a low-risk partner due to their excellent average payment time and high on-time payment rate. Key decision factors include the high probability of payment within standard terms, mitigating major cash flow concerns. For risk mitigation, suppliers might allow for a small buffer to account for the minority of invoices that experience extended payment cycles.
Performance Reports History
| 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 Mar 2024 - 31 Aug 2024 | 22 Oct 2024 | 23 | 82% | 15% | 3% | 18% |
| 01 Sept 2023 - 29 Feb 2024 | 22 Oct 2024 | 24 | 79% | 16% | 5% | 21% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Jan 2024 | 21 | 85% | 12% | 3% | 15% |
| 01 Sept 2022 - 28 Feb 2023 | 08 Jun 2023 | 23 | 83% | 11% | 6% | 17% |
| 01 Mar 2022 - 31 Aug 2022 | 02 Nov 2022 | 24 | 80% | 13% | 7% | 20% |
| 01 Sept 2021 - 28 Feb 2022 | 06 May 2022 | 26 | 78% | 17% | 5% | 22% |
| 01 Mar 2021 - 31 Aug 2021 | 06 May 2022 | 36 | 55% | 33% | 12% | 45% |
| 01 Sept 2020 - 28 Feb 2021 | 21 Jun 2021 | 14 | 93% | 6% | 1% | 7% |
| 01 Mar 2020 - 31 Aug 2020 | 25 Mar 2021 | 14 | 94% | 5% | 1% | 6% |
| 01 Sept 2019 - 29 Feb 2020 | 19 Jun 2020 | 11 | 93% | 6% | 1% | 7% |
| 01 Mar 2019 - 31 Aug 2019 | 19 Dec 2019 | 10 | 90% | 9% | 1% | 10% |
| 01 Sept 2018 - 28 Feb 2019 | 16 May 2019 | 11 | 97% | 3% | 0% | 3% |
| 01 Mar 2018 - 31 Aug 2018 | 29 Jan 2019 | 13 | 97% | 2% | 1% | 3% |
| 01 Sept 2017 - 28 Feb 2018 | 27 Mar 2018 | 12 | 97% | 3% | 0% | 3% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The aim is to make payments within 30 days of receipt 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
Dispute Resolution Process
All disputes should be addressed to the Trust in writing. The Trust will aim to deal with the dispute within 14 days.
Other Payment Information
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
COMPASS ACADEMY TRUST is an Academy Trust, established as a Private Limited Company by guarantee without share capital and utilising the 'Limited' exemption. This corporate structure indicates its operation in the UK's educational sector, primarily focusing on the management of schools.
The company was incorporated on 21 November 2014 and holds company number 09323096. It is currently active, though there is an active proposal to strike it off. Its registered office is Marian Vian Primary School, Shirley Crescent, Beckenham, England, BR3 4AZ, located within the South East region.
Typically, Academy Trusts in the UK are responsible for the management and governance of state-funded schools. Their services encompass providing education, overseeing curriculum development, managing school facilities and budgets, and employing teaching and support staff to deliver educational programmes.
