Industry ranking
Score of 97.7/100 qualifies for PaymentCheck Certification
The trend for the average time taken for SOUTH EAST SURREY SCHOOLS EDUCATION TRUST to pay invoices to suppliers has been fluctuating over the past three periods, with a slight decrease from 10 days in 2018-2019 to 8 days in 2022-2023. However, there was a spike in 2020-2021 with an average time of 12 days. Overall, the trend has been towards a decrease in the average time to pay.
The data for SOUTH EAST SURREY SCHOOLS EDUCATION TRUST shows some volatility in terms of the percentage of invoices paid within 30 days and those paid between 31 and 60 days. There is a clear fluctuation between these two categories, with a decrease in the percentage of invoices paid within 30 days corresponding to an increase in the percentage of invoices paid between 31 and 60 days. This indicates that the company may struggle with consistency in paying invoices on time.
The data for SOUTH EAST SURREY SCHOOLS EDUCATION TRUST shows that the average time taken to pay invoices has been decreasing over the past three periods, with a decrease from 10 days in 2018-2019 to 8 days in 2022-2023. Additionally, the percentage of invoices paid within 30 days has consistently been high, with a high of 99% in 2022-2023. However, there was a spike in the percentage of invoices not paid within agreed terms in 2020-2021, reaching 16%. The company seems to struggle with consistency in paying invoices on time.
| 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 | 10 Mar 2026 | 6 | 99% | 1% | 0% | 6% |
| 01 Mar 2025 - 31 Aug 2025 | 16 Sept 2025 | 5 | 98% | 1% | 1% | 5% |
| 01 Sept 2024 - 28 Feb 2025 | 13 Mar 2025 | 7 | 98% | 1% | 1% | 7% |
| 01 Mar 2024 - 31 Aug 2024 | 10 Sept 2024 | 6 | 98% | 1% | 1% | 5% |
| 01 Sept 2023 - 29 Feb 2024 | 06 Mar 2024 | 6 | 98% | 1% | 1% | 7% |
| 01 Mar 2023 - 31 Aug 2023 | 25 Sept 2023 | 8 | 97% | 2% | 1% | 8% |
| 01 Sept 2022 - 28 Feb 2023 | 08 Mar 2023 | 6 | 99% | 1% | 0% | 7% |
| 01 Mar 2022 - 31 Aug 2022 | 06 Sept 2022 | 8 | 97% | 2% | 1% | 7% |
| 01 Sept 2021 - 28 Feb 2022 | 07 Mar 2022 | 7 | 97% | 3% | 0% | 8% |
| 01 Mar 2021 - 31 Aug 2021 | 15 Sept 2021 | 12 | 95% | 2% | 3% | 12% |
| 01 Sept 2020 - 28 Feb 2021 | 11 Mar 2021 | 8 | 97% | 2% | 1% | 8% |
| 01 Mar 2020 - 31 Aug 2020 | 14 Sept 2020 | 12 | 90% | 8% | 2% | 16% |
| 01 Sept 2019 - 29 Feb 2020 | 17 Mar 2020 | 9 | 98% | 2% | 0% | 10% |
| 01 Mar 2019 - 31 Aug 2019 | 19 Sept 2019 | 12 | 92% | 7% | 1% | 14% |
| 01 Sept 2018 - 28 Feb 2019 | 12 Mar 2019 | 10 | 97% | 2% | 1% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
No standard terms. Most frequently used 30 days
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
120
No standard process but any payment disputes are handled on a case by case basis. In the first instance suppliers contact our Accounts team (contact details are provided on our purchase orders) who will investigate any disputes and respond to suppliers in a timely manner.
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
South East Surrey Schools Education Trust (SESSET) is a charitable company limited by guarantee that operates as a multi-academy trust in Surrey. It was formed by the governing bodies of The Ashcombe School in Dorking, Therfield School in Leatherhead and Carrington School (formerly The Warwick School) in Redhill, becoming operational on 1 January 2017. The trust provides governance and central oversight for these three secondary schools, with shared funding agreements, a scheme of delegation and common trustee and member structures. Its registered office is based at The Ashcombe School in Dorking. The organisation focuses on maintaining each school's individual ethos while working collaboratively under a single trust framework.
Generated from the company's website and Companies House records. Sources: sesset.org.uk · sesset.org.uk