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Their own payment-practices filing · gov.uk

How long does Prospects Services take to pay its suppliers?

CRN 03042176 · Education · 11 statutory reports on record · period to 28 Feb 2026

17days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

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On the public register · Companies House

Company record

Status
Active
Type
Private Unlimited Company
Incorporated
30 Mar 1995
Registered office
BLACK COUNTRY HOUSE, OLDBURY, B69 2DG
1 outstanding charge — secured borrowing registered

Open the full record at Companies House.

Terms vs reality

Stated terms: 30 days. Reported average: 17.

Stated terms30d
-13 days
Reported avg17d

At a glance

The key figures

30d
their stated terms
5%
invoices paid outside terms
-13d
faster over the window
±2d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 83% of the 303 large companies reporting in education.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 30d
30
16
17
13
17
17
H1 2023H1 2023H1 2024H1 2024H1 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 95% 31–60 days 3% 61+ days 2%

The read · computed from their figures

Prospects Services has filed 11 statutory payment periods (earliest H1 2019). Their latest report puts the average at 17 days against stated terms of 30 days.

The direction is faster: from 30 to 17 days over the window — about 13 days faster.

In the latest period 5% of invoices were paid outside their agreed terms, and 2% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Our standard supplier payment terms are 30 days, however we have a number of suppliers in our supply chain whom we pay earlier (but still contracted at 30 days terms).

Dispute resolution

Prospects Services (part of the Shaw Trust Group) reserves the right to only pay for goods and services for which it is entirely satisfied. Prospects Services reserves the right to withhold payment of a disputed amount pending a resolution. In the case of a dispute, the expectation is that it can be resolved amicably with direct conversations and negotiations between the Prospects Services member of staff who commissioned the work and the supplier. If this is not possible and the supplier feels he is still entitled to payment (and subject to the requirements stated above having been adhered to) then the following dispute resolution process is recommended - Stage 1 The supplier puts in writing to Shaw Trust’s Head of Procurement the details of the dispute. The Head of Procurement

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026175%2%22 Jul 2026
H1 2025175%1%22 Jul 2026
H1 2024132%1%11 Oct 2024
H1 2024177%3%11 Oct 2024
H1 2023165%1%11 Oct 2024
H1 2023303%1%11 Oct 2024
H1 2022122%1%11 Oct 2024
H1 2022124%1%11 Oct 2024
H1 2021143%1%11 Oct 2024
H1 2021187%3%11 Oct 2024
H1 20191012%3%29 Mar 2019

Quick answers

Are they getting slower or faster?
Their reported average has moved about 13 days faster over the window (30 → 17 days).
What's their typical pay point?
Their latest reports average around day 17, moving within about ±2 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

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Their next payment report is due ≈ 26 Sept 2026. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-03042176 · latest period to 28 Feb 2026

Verify the original Companies House file

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