| 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 2025 - 28 Feb 2026 | 30 Mar 2026 | 33 | 69% | 22% | 9% | 31% |
| 01 Mar 2025 - 31 Aug 2025 | 26 Sept 2025 | 33 | 67% | 24% | 9% | 33% |
| 01 Sept 2024 - 28 Feb 2025 | 21 Mar 2025 | 33 | 71% | 21% | 8% | 29% |
| 29 Feb 2024 - 31 Aug 2024 | 26 Sept 2024 | 34 | 65% | 26% | 9% | 35% |
| 31 Aug 2023 - 28 Feb 2024 | 28 Mar 2024 | 34 | 70% | 20% | 10% | 30% |
| 01 Sept 2022 - 28 Feb 2023 | 28 Mar 2023 | 38 | 69% | 19% | 12% | 31% |
| 01 Mar 2022 - 31 Aug 2022 | 28 Sept 2022 | 39 | 64% | 23% | 13% | 36% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 41 | 62% | 23% | 15% | 38% |
| 01 Mar 2021 - 31 Aug 2021 | 27 Sept 2021 | 38 | 65% | 22% | 13% | 35% |
| 01 Sept 2020 - 28 Feb 2021 | 25 Mar 2021 | 37 | 62% | 25% | 13% | 38% |
| 01 Mar 2020 - 31 Aug 2020 | 01 Oct 2020 | 37 | 65% | 22% | 13% | 35% |
| 01 Sept 2019 - 29 Feb 2020 | 12 Mar 2020 | 30 | 69% | 21% | 10% | 31% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 32 | 67% | 23% | 10% | 35% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 35 | 63% | 24% | 13% | 37% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 33 | 67% | 23% | 10% | 59% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
1.1 The Supplier shall invoice the Customer for: (a) (if this contract is for the supply of goods only) the Goods no sooner than completion of delivery of the Goods or, if later, the Customer’s acceptance of the Goods or otherwise (b) (if this contract is for the supply of goods and services) no sooner than Completion of the Deliverables. 1.2 The Price for the Goods/ Services shall become due upon receipt of the invoice by the Customer (the “Due Date”). 1.3 The final date for payment of the Price shall be 30 days from the due date (the “Final Date for Payment”). 1.4 To the extent that the Customer wishes to make any deduction from the Price to be paid to the Customer they shall notify the Customer in writing no later than 7 days before the Final Date for Payment by the issue of a Pay Less Notice to the Customer. Where the Customer has issued a Pay Less Notice to the Supplier, the price to be paid for the Deliverables shall be the price stated in the Pay Less Notice. 1.5 Time of payment is not of the essence. Where sums due under the Contract are not paid in full by the Final Date for Payment, to compensate the Supplier for all loss from the Customer’s breach, the Customer shall pay on the sum overdue interest (before and after judgment) on a daily basis from 30 days after the Final Date for Payment until payment in full at the rate of 5 per cent per annum above the official bank rate from time to time of The Bank of England. The Supplier acknowledges that this is a substantial remedy for the purposes of the Late Payment of Commercial Debts (Interest) Act 1998. 1.6 VAT shall be charged by the Supplier and paid by the Customer at the then applicable rate. 1.7 Payment for the Goods or Deliverables shall not be conclusive evidence that Completion has occurred or that the Goods or Deliverables are compliant or satisfactory.
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
The organisation has a dedicated Accounts Payable Team which is contactable by phone and email. Each school have their own Finance team. For disputes related to schools, vendors should contact the school finance team in the first instance and escalate to the Accounts Payable Team if necessary. Vendors with invoice queries related to central invoices need to contact the Accounts Payable Team. The accounts payable team will reach out to the budget holder if they are unable to resolve or if it is not clear from the system why the invoice has not been approved for payment.
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.
❌
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
ARK Schools is a network of 38 academies located in England, committed to providing high-quality education to children from all backgrounds. Their mission is to ensure that every child has access to a great education and the opportunity to reach their full potential.
Sustainability is at the core of ARK Schools' values, and they have implemented various initiatives to promote environmental responsibility and reduce their carbon footprint. This includes promoting recycling, reducing energy consumption, and using sustainable materials in their buildings.
Their products and services include a rigorous and enriched curriculum, with a focus on academic excellence, as well as a strong emphasis on character development. They also offer a wide range of extracurricular activities, including sports, music, and arts.
Key people at ARK Schools include the CEO, Lucy Heller, who has over 25 years of experience in education, and the Chairman, Paul Marshall, a successful businessman and philanthropist. They are supported by a team of dedicated teachers, staff, and governors, who are passionate about providing the best education for their students.
ARK Schools can be contacted through their website, www.arkschools.org, where interested parties can find information on their academies, programs, and career opportunities. Their registered office address is 65 Kingsway, London, WC2B 6TD.
In summary, ARK Schools is a leading education provider in England, with a strong focus on sustainability and providing a well-rounded education for their students. Their dedicated team of leaders, teachers, and staff are committed to making a positive impact in the lives of children and their communities.
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