Score of 82.4/100 qualifies for PaymentCheck Certification
The average time to pay for THE COMPASS PARTNERSHIP OF SCHOOLS has been decreasing over the past three periods, from 46 days in Sep 2018-Feb 2019 to 24 days in Sep 2020-Feb 2021. This indicates an improvement in their payment efficiency.
The volatility in the percentage of invoices paid within 30 days has decreased from 49% in Sep 2018-Feb 2019 to 80% in Sep 2020-Feb 2021. This suggests that the company has become more consistent in paying invoices within 30 days over the past three periods.
In the past three periods, THE COMPASS PARTNERSHIP OF SCHOOLS has shown a significant improvement in their payment efficiency. The average time to pay has decreased by 22 days, from 46 days to 24 days. The percentage of invoices paid within 30 days has increased from 49% to 80%, while the percentage of invoices paid later than 60 days has decreased from 24% to 6%. This indicates that the company has been paying their invoices earlier and more consistently, which could potentially benefit their relationships with suppliers.
| 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 2020 - 28 Feb 2021 | 15 Mar 2021 | 24 | 80% | 14% | 6% | 27% |
| 01 Mar 2020 - 31 Aug 2020 | 28 Sept 2020 | 26 | 78% | 14% | 8% | 31% |
| 01 Sept 2019 - 29 Feb 2020 | 28 Mar 2020 | 28 | 70% | 21% | 9% | 27% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Jan 2020 | 34 | 65% | 21% | 14% | 35% |
| 01 Sept 2018 - 28 Feb 2019 | 30 Jan 2020 | 46 | 49% | 27% | 24% | 51% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days is the shortest standard period
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Any disputes relating to supplies of goods and services should be first directed to the Finance Officer of the school whom ordered the goods or services. If no resolution can be found, suppliers can raise their concerns with the Director of Finance.
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
The Compass Partnership of Schools is a charitable company limited by guarantee that operates as a multi-academy trust, trading as Compass Eko Trust. Evidence confirms it brings together 28 schools, including Alderwood Primary School, which lists the trust's registered address as its own and describes itself as part of the trust working collectively for pupils and communities. The registered office is hosted at one of its member schools. As a multi-academy trust, its role is the governance and support of its constituent schools rather than direct classroom delivery at a single site, aligning with its educational support services classification.
Generated from the company's website and Companies House records. Sources: alderwood.greenwich.sch.uk · alderwood.greenwich.sch.uk