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The average time taken for University of Brighton Academies Trust to pay invoices has increased over the past three periods, from 29 days in 2017-2019 to 46 days in 2022-2023. However, there was a slight decrease in 2021-2022 to 36 days.
The percentage of invoices paid within 30 days has fluctuated over the past three periods, with a high of 80% in 2019-2020 and a low of 41% in 2022-2023. The percentage of invoices paid later than 60 days has also fluctuated, with a high of 17% in 2022-2023 and a low of 3% in 2017-2018.
From 2017 to 2023, the average time taken for University of Brighton Academies Trust to pay invoices has fluctuated, with a high of 47 days in 2022-2023 and a low of 22 days in 2019-2020. The percentage of invoices paid within 30 days has also fluctuated, with a high of 80% in 2019-2020 and a low of 41% in 2022-2023. The worst period for the company was in 2022-2023, where 17% of invoices were paid later than 60 days, the highest percentage in the given time frame.
| 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 2023 - 31 Aug 2023 | 26 Sept 2023 | 47 | 41% | 42% | 17% | 63% |
| 01 Sept 2022 - 28 Feb 2023 | 28 Mar 2023 | 46 | 41% | 42% | 17% | 60% |
| 01 Mar 2022 - 31 Aug 2022 | 05 Oct 2022 | 36 | 70% | 20% | 10% | 37% |
| 01 Sept 2021 - 28 Feb 2022 | 25 Apr 2022 | 47 | 70% | 16% | 14% | 29% |
| 01 Mar 2021 - 31 Aug 2021 | 29 Sept 2021 | 37 | 75% | 16% | 10% | 32% |
| 01 Sept 2020 - 28 Feb 2021 | 26 Mar 2021 | 43 | 63% | 23% | 15% | 33% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 42 | 64% | 18% | 18% | 31% |
| 01 Sept 2019 - 29 Feb 2020 | 30 Mar 2020 | 38 | 60% | 25% | 15% | 42% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 22 | 80% | 16% | 4% | 12% |
| 01 Sept 2018 - 28 Feb 2019 | 01 Apr 2019 | 29 | 58% | 39% | 3% | 42% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Sept 2018 | 26 | 76% | 22% | 1% | 24% |
| 01 Sept 2017 - 28 Feb 2018 | 28 Sept 2018 | 29 | 75% | 23% | 3% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment within 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
A complaint or concern will be considered by the Finance Hub Team and referred to the Head of Finance if necessary to obtain resolution.
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
University Of Brighton Academies Trust is a multi-academy trust, a charitable company limited by guarantee, established to run state-funded academy schools in England. Companies House and Get Information about Schools records confirm its classification under pre-primary, primary and general secondary education codes, and it is registered with the Department for Education as a multi-academy trust group. The company was previously named Hastings Academies Trust, changing to its current name in September 2017. It oversees academies including sites in Burgess Hill and St Leonards-on-Sea, with trustees and members providing governance oversight rather than day-to-day teaching delivery, which is carried out at individual academy level.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · get-information-schools.service.gov.uk