THE COMPASS PARTNERSHIP OF SCHOOLS
Company Information
- Company Number
- 10360957
- Registered Address
- Alderwood Primary School Rainham Close, Eltham, London, England, SE9 2JB
- Status
- Active
- Employee Count
- 854
- Turnover
- £37,299,000
- EBITDA
- £307,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 6 September 2016
- Nature of Business
- 85600 - Educational support services
- Industries
- Education
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
30 days is the shortest standard period
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any disputes relating to supplies of goods 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.
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.
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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?
❌
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
The Compass Partnership of Schools is a network of eight primary schools in Southeast London. The partnership is committed to providing high-quality education and opportunities for all children in their care.
One of the key activities of the Compass Partnership of Schools is their sustainability program. The partnership is dedicated to promoting sustainable practices in their schools and helping students develop an understanding of environmental issues. They have implemented initiatives such as recycling programs, energy-saving measures, and promoting sustainable transportation methods.
The partnership also offers a range of products and services to support their schools and students. This includes resources for teaching, professional development opportunities for teachers, and support for students with special educational needs. They also have a strong focus on community engagement and work closely with parents, local businesses, and other organizations to enhance the educational experience of their students.
The key people behind the Compass Partnership of Schools include the CEO, Mark Dale-Emberton, and the Executive Principal, Ruth Davies. They work alongside a team of dedicated teachers, staff, and governors to ensure the success of the partnership.
For more information on the Compass Partnership of Schools, including their sustainability program, products, and services, please visit their website at www.compass-partnership.com. Their registered office address is: The Compass Partnership of Schools, The Bridge, 81 Trafalgar Road, Greenwich, SE10 9EQ.
