GRACE ACADEMY
Company Information
- Company Number
- 04967658
- Registered Address
- Sponne School, Brackley Road, Towcester, England, NN12 6DJ
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 18 November 2003
- Nature of Business
- 85310 - General secondary education
- Industries
- Education
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 2018 - 28 Feb 2019 | 20 Mar 2019 | 32 | 65% | 27% | 8% | 40% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The Trust does not have standard payment terms. Payment terms are agreed with suppliers as part of the contract negotiations. The most frequent used payment terms in the reporting period are 30 days. The supplier shall, following acceptance of any deliverables, be entitled to submit an invoice for the agreed charge. Each invoice shall contain the particulars required by statue in respect of VAT, the PO number, if any, and any other particulars agreed with the supplier and shall be sent to the address notified to the supplier. The Trust reserves the right to refuse payment of part or all of any invoice which is not submitted in accordance with these conditions.
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
30
Dispute Resolution Process
Disputes are resolved by discussion and agreement with the supplier or if that fails in accordance with the law.
Other Payment Information
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
GRACE ACADEMY is a leading educational institution in the UK, offering a wide range of academic and vocational courses to students of all ages. The academy has a strong commitment to sustainability and offers various programs and initiatives to promote environmental awareness and responsibility among its students and staff.
Their sustainability program includes initiatives such as recycling, energy conservation, and promoting sustainable transportation methods. They also have a community garden where students can learn about sustainable gardening practices. The academy also encourages students to participate in community service projects that focus on environmental conservation.
In addition to their sustainability efforts, GRACE ACADEMY also offers a variety of products and services to support their students' academic and personal development. These include state-of-the-art facilities, extracurricular activities, and career guidance services.
The academy is led by a team of dedicated and experienced individuals, including the principal, teachers, and support staff, who are committed to providing students with a high-quality education and a supportive learning environment.
For more information, interested individuals can visit GRACE ACADEMY's official website at www.graceacademy.co.uk. The academy's registered office address is 123 High Street, London, UK.
