| 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 | 20 Dec 2024 | 33 | 47% | 48% | 5% | 0% |
| 01 Sept 2023 - 29 Feb 2024 | 21 Mar 2024 | 32 | 53% | 44% | 3% | 0% |
| 01 Sept 2022 - 28 Feb 2023 | 30 Mar 2023 | 31 | 54% | 41% | 5% | 0% |
| 01 Mar 2022 - 31 Aug 2022 | 20 Sept 2022 | 30 | 58% | 38% | 4% | 0% |
| 01 Sept 2021 - 28 Feb 2022 | 28 Mar 2022 | 38 | 57% | 36% | 7% | 0% |
| 01 Mar 2021 - 31 Aug 2021 | 28 Mar 2022 | 36 | 50% | 39% | 11% | 0% |
| 30 Sept 2020 - 28 Feb 2021 | 25 Mar 2021 | 34 | 48% | 45% | 7% | 0% |
| 01 Mar 2020 - 31 Aug 2020 | 13 Oct 2020 | 43 | 46% | 32% | 22% | 0% |
| 01 Sept 2019 - 29 Feb 2020 | 17 Mar 2020 | 39 | 49% | 43% | 8% | 0% |
| 01 Sept 2018 - 28 Feb 2019 | 12 Mar 2019 | 38 | 54% | 33% | 13% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days with an exception of 7 days in some instances
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Any dispute is raised initially with the Finance (and Operations) Manager in each of our academies, then if a resolution can't be found they are escalated to the Finance Controller, then the CFO to conclude the dispute. We hope to deal with all queries within 30 days.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
TRINITY MULTI ACADEMY TRUST (TMAT) is a multi-academy trust based in England that operates a network of schools across the country. The trust was established in 2016 and has since grown to include 30 schools, serving over 16,000 students.
One of the key focuses of TMAT is sustainability, and the trust has implemented several initiatives to promote eco-friendly practices within its schools. This includes reducing waste, promoting recycling, and implementing energy-saving measures. TMAT also works closely with its schools to educate students on the importance of sustainability and how they can make a positive impact on the environment.
In addition to their sustainability efforts, TMAT offers a range of products and services to support their schools. This includes centralizing administrative functions such as finance, HR, and IT, allowing schools to focus on providing high-quality education to students. TMAT also offers support and training to staff and teachers, as well as access to a network of experts and resources to help schools continuously improve.
The key people behind TMAT include a team of experienced educators and administrators, led by CEO David Hermitt. Their website (www.tmat.co.uk) provides information about the trust, its schools, and its services. The registered office address for TMAT is Trinity House, Moor View Business Park, Thornes Moor Road, Wakefield, West Yorkshire, WF2 8NZ.
In summary, TRINITY MULTI ACADEMY TRUST is dedicated to providing high-quality education while also promoting sustainability and supporting its schools through a range of services. With a strong team and a growing network of schools, TMAT is committed to making a positive impact on the education sector in the UK.