Score of 96.57/100 qualifies for PaymentCheck Certification
| 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 Mar 2024 - 31 Aug 2024 | 02 Oct 2024 | 17 | 93% | 4% | 3% | 0% |
| 01 Sept 2023 - 29 Feb 2024 | 28 Mar 2024 | 6 | 99% | 1% | 0% | 1% |
| 01 Mar 2023 - 31 Aug 2023 | 13 Oct 2023 | 6 | 99% | 1% | 0% | 1% |
| 01 Sept 2022 - 28 Feb 2023 | 29 Mar 2023 | 19 | 85% | 11% | 3% | 15% |
| 01 Mar 2018 - 31 Aug 2018 | 27 Nov 2018 | 21 | 73% | 22% | 5% | 27% |
| 01 Sept 2017 - 28 Feb 2018 | 18 Apr 2018 | 27 | 94% | 5% | 1% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms are 30 days from date of invoice.
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
In the event of a payment dispute the department budget holder will discuss the nature of the dispute with the finance team. The supplier will then be notified of this dispute and the actions required to bring the dispute to resolution. If a credit note needs to be raised or further goods supplied, the invoice will remain on hold until these processes have been completed. All disputes are aimed to be resolved within 30 days of the dispute being raised.
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
Greater Manchester Academies Trust is a multi-academy trust operating in North Manchester. It provides nursery, primary and secondary education for children and young people aged 3 to 16. The Trust comprises Manchester Communication Academy and Manchester Communication Primary Academy, both rated Good by Ofsted. Its stated focus is on inclusion, wellbeing and aspiration, with an emphasis on strong pastoral care and quality teaching aimed at helping pupils achieve their potential. The Trust also runs community-facing activities alongside its core schooling provision. It is registered as an active company with a registered office in Manchester, incorporated in 2008.
Generated from the company's website and Companies House records. Sources: gmacademiestrust.com · gmacademiestrust.com