Score of 87.4/100 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 2022 - 31 Aug 2022 | 16 Nov 2022 | 24 | 85% | 13% | 2% | 15% |
| 01 Sept 2021 - 28 Feb 2022 | 18 Mar 2022 | 28 | 96% | 2% | 2% | 25% |
| 01 Mar 2021 - 31 Aug 2021 | 14 Sept 2021 | 25 | 97% | 1% | 2% | 21% |
| 01 Sept 2020 - 28 Feb 2021 | 17 Mar 2021 | 28 | 96% | 2% | 2% | 29% |
| 01 Mar 2020 - 31 Aug 2020 | 09 Sept 2020 | 23 | 95% | 3% | 2% | 23% |
| 01 Sept 2019 - 29 Feb 2020 | 18 Mar 2020 | 29 | 95% | 3% | 2% | 24% |
| 01 Mar 2019 - 31 Aug 2019 | 25 Sept 2019 | 30 | 94% | 4% | 2% | 25% |
| 01 Sept 2018 - 28 Feb 2019 | 28 Mar 2019 | 25 | 95% | 2% | 3% | 79% |
| 01 Sept 2017 - 28 Feb 2018 | 08 Mar 2018 | 29 | 93% | 3% | 4% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days
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
Credit Control by finance team
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
The Midland Academies Trust is registered as a company with the SIC classification for general secondary education, indicating it operates as an academy trust running secondary school provision. Companies House records show it was incorporated in March 2010 and remains active, with its registered office recorded at a further education college site in Nuneaton, Warwickshire. No further verifiable detail on the specific schools operated, pupil numbers or additional activities is available from the evidence supplied. The website associated with this record currently displays unrelated third-party content and has not been used as a source for this summary, as it does not describe the trust's activities.
Generated from the company's website and Companies House records.