Score of 89/100 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 Sept 2025 - 28 Feb 2026 | 25 Mar 2026 | 16 | 97% | 2% | 1% | 20% |
| 01 Sept 2023 - 29 Feb 2024 | 02 Apr 2024 | 16 | 93% | 7% | 0% | 39% |
| 01 Sept 2022 - 28 Feb 2023 | 30 Mar 2023 | 13 | 96% | 3% | 1% | 50% |
| 01 Mar 2022 - 31 Aug 2022 | 03 Oct 2022 | 13 | 97% | 2% | 1% | 51% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 14 | 96% | 3% | 1% | 49% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 17 | 95% | 4% | 1% | 13% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 17 | 95% | 4% | 1% | 14% |
| 01 Mar 2020 - 31 Aug 2020 | 28 Sept 2020 | 15 | 93% | 5% | 2% | 15% |
| 01 Sept 2019 - 29 Feb 2020 | 26 Mar 2020 | 14 | 96% | 3% | 1% | 16% |
| 01 Mar 2019 - 31 Aug 2019 | 08 Nov 2019 | 28 | 91% | 7% | 2% | 17% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 27 | 80% | 16% | 4% | 18% |
| 01 Mar 2018 - 31 Aug 2018 | 25 Oct 2018 | 26 | 79% | 18% | 3% | 22% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 24 | 77% | 19% | 4% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice unless specifically negotiated with supplier
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
334
Disputed invoices are held for payment by the finance team while the dispute is resolved with the supplier
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.
❌
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.
❌
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 Spencer Academies Trust is a multi-academy trust located in the East Midlands region of England. It was founded in 2011 and currently oversees 20 primary and secondary schools, providing education to over 12,000 students.
The trust places a strong emphasis on sustainability and has implemented various initiatives to reduce their environmental impact. This includes promoting eco-friendly practices, such as recycling and reducing waste, as well as incorporating sustainability into their curriculum.
The trust offers a wide range of products and services to its member schools, including financial management, human resources, and education support. They also provide training and development opportunities for staff and teachers to enhance their skills and knowledge.
The key people involved in the Spencer Academies Trust include the CEO, Paul West, and the Board of Directors, which is responsible for overseeing the strategic direction of the trust. They work closely with the headteachers of each school to ensure high-quality education and support for students.
For more information, the trust's website address is www.satrust.com and their registered office address is The Spencer Academies Trust, Arthur Mee Road, Stapleford, Nottingham, NG9 7EW. They can also be contacted via email at info@satrust.com or by phone at 0115 748 3310.
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