Industry ranking
Score of 93.1/100 qualifies for PaymentCheck Certification
DIXONS ACADEMIES TRUST demonstrates a strong trend of prompt payments, with an impressive average payment time of just 15 days. A significant 89% of invoices are consistently settled within 30 days, indicating highly reliable and rapid payment cycles. This trajectory suggests a favorable pattern of quick financial settlements for suppliers.
While most payments are timely, a 12% late payment rate introduces a minor element of unpredictability for a small subset of invoices. Specifically, 10% of payments occur between 31-60 days, and a very small 1% extend beyond 60 days. This indicates low overall volatility, but suppliers should be aware of the slight chance of minor delays for a few transactions.
Overall, DIXONS ACADEMIES TRUST presents a highly favorable payment profile, making them a low-risk partner for suppliers due to their excellent average payment times. Suppliers can confidently expect prompt payments in most cases; however, it is wise to acknowledge the minor possibility of an invoice being slightly delayed beyond 30 days. Standard credit terms are appropriate, with basic invoice monitoring being a sufficient risk mitigation strategy for the infrequent late payment.
| 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 2024 - 28 Feb 2025 | 06 Apr 2025 | 15 | 89% | 10% | 1% | 12% |
| 01 Sept 2023 - 29 Feb 2024 | 03 Apr 2024 | 14 | 90% | 9% | 1% | 11% |
| 01 Mar 2023 - 31 Aug 2023 | 04 Oct 2023 | 16 | 89% | 10% | 1% | 37% |
| 01 Sept 2022 - 28 Feb 2023 | 06 Mar 2023 | 15 | 90% | 10% | 0% | 31% |
| 01 Mar 2022 - 31 Aug 2022 | 13 Sept 2022 | 16 | 89% | 10% | 1% | 29% |
| 01 Sept 2021 - 28 Feb 2022 | 28 Apr 2022 | 13 | 93% | 6% | 1% | 21% |
| 01 Mar 2021 - 31 Aug 2021 | 23 Sept 2021 | 19 | 84% | 14% | 2% | 29% |
| 01 Sept 2020 - 28 Feb 2021 | 28 Apr 2021 | 18 | 85% | 14% | 1% | 33% |
| 01 Mar 2020 - 31 Aug 2020 | 13 Oct 2020 | 14 | 94% | 5% | 1% | 24% |
| 01 Sept 2019 - 29 Feb 2020 | 01 Apr 2020 | 14 | 94% | 5% | 1% | 22% |
| 01 Mar 2019 - 31 Aug 2019 | 01 Oct 2019 | 21 | 85% | 13% | 2% | 27% |
| 01 Sept 2018 - 28 Feb 2019 | 08 May 2019 | 20 | 83% | 15% | 2% | 19% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 16 | 86% | 12% | 2% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms: Dixons Academies Trust pay for goods and services 30 days from the month end following the invoice date. Example - an invoice dated 15 September will be paid by 30 October.
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
A dispute would be raised directly to Group Finance, which would be communicated to the relevant budget holder to resolve the issue. Invoices are put on hold until disputes are resolved.
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
Dixons Academies Trust is a school trust registered in Bradford, West Yorkshire. It establishes and runs non-faith academies across Bradford, Leeds, Liverpool and Greater Manchester, covering primary and secondary education. Its website describes the trust as establishing high-performing academies which aim to maximise attainment, value diversity, develop character and build cultural capital. One of its academies, Dixons Sixth Form Academy, provides post-16 education, offering A level courses and pathways intended to support progression to university. The trust operates under a governance structure with several levels of oversight of its schools and college leadership.
Generated from the company's website and Companies House records. Sources: dixons6a.com · dixons6a.com