| 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 2019 - 31 Aug 2019 | 02 Oct 2019 | 12 | 95% | 4% | 1% | 30% |
| 01 Sept 2018 - 28 Feb 2019 | 28 Mar 2019 | 10 | 97% | 2% | 1% | 3% |
| 01 Sept 2017 - 28 Feb 2018 | 27 Mar 2018 | 14 | 95% | 4% | 1% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days. Some suppliers (e.g. supply agencies) may specify 7 or 14 day payment terms.
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
60
Suppliers are contacted to discuss any discrepancies or reasons why payment cannot be made immediately e.g. goods not received or faulty, awaiting confirmation of service provision. Invoices are held on dispute until resolved and once resolved paid within the next weekly payrun.
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
The Thinking Schools Academy Trust is a multi-academy trust registered as a private company limited by guarantee, based in Chatham, Kent. It was previously named The Rochester Grammar School Academy Trust and later The RGS/AFS Thinking Schools Academy Trust before adopting its current name. According to Get Information about Schools records, it operates 26 academies, comprising primary and secondary schools, across areas including Medway, Portsmouth, Torbay, Plymouth, Kent and Essex. Its registered activities cover primary and general secondary education. As an academy trust, it governs and runs state-funded schools rather than owning them commercially, delivering education services to pupils across its network of member academies.
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