The average time to pay for HOLY TRINITY CATHOLIC MULTI ACADEMY COMPANY has fluctuated over the past three periods, with a decrease in the second period followed by an increase in the third period. However, overall the trend has been slightly decreasing.
The volatility of the average time to pay for HOLY TRINITY CATHOLIC MULTI ACADEMY COMPANY has been relatively low, as the changes between periods have been relatively small.
From Sep 2017 to Feb 2018, HOLY TRINITY CATHOLIC MULTI ACADEMY COMPANY had an average time to pay of 31 days, with 75% of invoices paid within 30 days, 19% of invoices paid between 31 and 60 days, and 6% of invoices paid later than 60 days.
| 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 2017 - 28 Feb 2018 | 28 Mar 2018 | 31 | 75% | 19% | 6% | 25% |
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
Each School processes own invoices and all queries are dealt with direct with each Bursar,
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
HOLY TRINITY CATHOLIC MULTI ACADEMY COMPANY is a dissolved private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 18 February 2016, based in the West Midlands region. Registered business activity: Primary education; General secondary education.
From Companies House records.