Industry ranking
| 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 2025 - 31 Aug 2025 | 30 Sept 2025 | 28 | 80% | 14% | 6% | 32% |
| 01 Sept 2024 - 28 Feb 2025 | 25 Mar 2025 | 27 | 80% | 17% | 3% | 33% |
| 01 Mar 2024 - 31 Aug 2024 | 01 Oct 2024 | 30 | 72% | 24% | 4% | 43% |
| 01 Sept 2023 - 29 Feb 2024 | 28 Mar 2024 | 25 | 77% | 18% | 5% | 33% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Sept 2023 | 22 | 78% | 19% | 3% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of invoices are due 30 days from receipt of invoice date.
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
60
Our centralised finance team can be contacted Monday to Friday via team-finance@theprospecttrust.org.uk Should they not be able to satisfactorily settle the dispute, the supplier can escalate the issue to the trust's Head 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 Prospect Trust is a multi-academy education trust registered at Sixth Form College Farnborough. Structured data confirms its SIC codes cover primary, general secondary and post-secondary non-tertiary education. Evidence from its own website shows it operates as the umbrella trust for several schools, including Sixth Form College Farnborough, Tomlinscote School and Frimley Junior School, coordinating trust-wide activities such as staff INSET training days. The trust supports partnerships, such as one between Sixth Form College Farnborough and the University for the Creative Arts, and promotes community and student initiatives across its member schools. It functions as the governing body overseeing these educational institutions rather than delivering teaching directly itself.
Generated from the company's website and Companies House records. Sources: theprospecttrust.org.uk