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Their own payment-practices filing · gov.uk

Bright Futures Educational Trust paid suppliers in 9 days on average — inside its shortest stated term

CRN 07695771 · 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.
9daysavg time to pay · H1 2022

Their H1 2022 filing put the average 21 days inside the shortest term they state (30 days).

Their stated terms
30–60 days
Paid outside agreed terms
0% of invoices
Paid after 61+ days
1%
Reporting period
1 Mar 2022 – 31 Aug 2022
Source
their gov.uk filing, filed 30 Sept 2022

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

Terms vs reality · their H1 2022 filing

Paid 21 days inside the 30-day term they state

The pattern · last 6 of 10 reports

13 → 9 days — faster across the window

The read · computed from their figures

Bright Futures Educational Trust's H1 2022 filing put their average at 9 days against stated terms of 30–60 days; 0% of invoices were paid outside agreed terms and 1% took 61 days or longer. Filed 30 Sept 2022.

The direction is faster: from 13 days in H1 2020 to 9 now — 4 days faster 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.

In their own words · from the filing

Standard payment terms

Within 30 day unless otherwise agreed

Dispute resolution

Where an invoice is disputed, proof of purchase will be requested. Statements are requested and reconciled to our finance system

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 202290%1%30 Sept 2022
H1 202261%1%16 Mar 2022
H1 202160%2%30 Sept 2021
H1 202170%1%14 Apr 2021
H1 20201111%4%30 Sept 2020
H1 20201312%6%27 Mar 2020
H1 20191617%6%11 Dec 2019
H1 20191319%3%23 Oct 2019
H1 20181216%2%4 Oct 2018
H1 2018813%2%14 May 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
6 Jul 2011
Registered office
THE HUB 144 IRLAM ROAD, MANCHESTER, M41 6NA
0 outstanding charges on the register Accounts due 31 May 2027

Open the full record at Companies House.

Quick answers · Bright Futures Educational Trust

Are they getting slower or faster?
Their reported average has moved about 4 days faster over the window (13 → 9 days).
What's their typical pay point?
Their latest filed report put the average at day 9; across their last 6 reports it ranged 6–13 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.
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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-07695771 · latest period to 31 Aug 2022

Verify the original Companies House file

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