Their own payment-practices filing · gov.uk

Merchant Taylors' School paid suppliers in 44 days on average — 14 days past its stated terms

CRN 03411540 · Education · 10 statutory reports on record · period to 31 Aug 2022

Dated record. The latest report covers a period ending 31 Aug 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

44daysavg time to pay · H1 2022

Their H1 2022 filing put the average 14 days past the 30-day term they state.

Their stated terms: 30 days
Paid outside agreed terms: 40% of invoices
Paid after 61+ days: 6%
Reporting period: 1 Mar 2022 – 31 Aug 2022
Source: their gov.uk filing, filed 11 Nov 2022

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

Terms vs reality · their H1 2022 filing

Paid 14 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–50

avg 44d

0 days50 days

reported avg 44 days their filed terms 30 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 60% 31–60 days 34% 61+ days 6%

Source: their statutory Payment Practices Report #64679, period 1 Mar 2022 – 31 Aug 2022, filed 11 Nov 2022 · gov.uk payment-practices service

Merchant Taylors' School paid 14 days past its own stated terms. 40% of invoices still went outside agreed terms; 6% reached 61 days or more. Self-reported in their statutory H1 2022 filing.

The pattern · last 6 of 10 reports

32 → 44 days — slower across the window

PAIDLATE · the patternavg days per report

Last 6 of 10 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

12 days slower across the window. From 32 days in H1 2020 to 44 in the H1 2022 filing; the dashed line marks the 30-day term they state.

The read · computed from their figures

Merchant Taylors' School's H1 2022 filing put their average at 44 days against stated terms of 30 days; 40% of invoices were paid outside agreed terms and 6% took 61 days or longer. Filed 11 Nov 2022.

The direction is slower: from 32 days in H1 2020 to 44 now — 12 days slower across their last 6 reports.

That is 10 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers supply-chain finance

In their own words · from the filing

Standard payment terms

We aim to pay our suppliers within 30 days from receipt of invoice.

Dispute resolution

Contact is made with the supplier if an invoice is in dispute, until such time as a resolution is reached.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2022	44	40%	6%	11 Nov 2022
H1 2022	30	30%	11%	11 Mar 2022
H1 2021	32	35%	9%	23 Sept 2021
H1 2021	34	28%	11%	19 Mar 2021
H1 2020	32	29%	10%	25 Sept 2020
H1 2020	32	28%	10%	17 Mar 2020
H1 2019	36	37%	10%	6 Sept 2019
H1 2019	38	45%	11%	6 Mar 2019
H1 2018	41	35%	8%	14 Sept 2018
H1 2018	33	41%	9%	26 Mar 2018

On the public register · Companies House

Company record

Status: Active
Type: PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Incorporated: 30 Jul 1997
Registered office: SANDY LODGE, MIDDLESEX, HA6 2HT

2 outstanding charges — secured borrowing registered Accounts due 31 May 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 44-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 44-day vs a 30-day payment cycle.

≈ £17,500

of invoicing outstanding at any one time on a 44-day cycle — about £5,500 more than the same account would carry at 30-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · Merchant Taylors' School

Are they getting slower or faster?

Their reported average has moved about 12 days slower over the window (32 → 44 days).

What's their typical pay point?

Their latest filed report put the average at day 44; across their last 6 reports it ranged 30–44 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

Watch Merchant Taylors' School (free)

They haven’t filed a payment report since 11 Nov 2022. 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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-03411540 · latest period to 31 Aug 2022

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