| 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 2020 - 31 Aug 2020 | 12 Nov 2020 | 27 | 65% | 33% | 2% | 35% |
| 01 Sept 2019 - 29 Feb 2020 | 12 Nov 2020 | 27 | 69% | 28% | 3% | 31% |
| 01 Mar 2019 - 31 Aug 2019 | 12 Nov 2020 | 27 | 69% | 29% | 2% | 31% |
| 01 Sept 2018 - 28 Feb 2019 | 19 Jul 2019 | 30 | 78% | 21% | 1% | 22% |
| 01 Mar 2018 - 31 Aug 2018 | 19 Jul 2019 | 31 | 72% | 26% | 2% | 28% |
| 01 Sept 2017 - 28 Feb 2018 | 27 Mar 2018 | 21 | 90% | 10% | 0% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless otherwise stated in the Order, TGAT shall pay the Price of Goods and the Services within 30 days after receipt by TGAT of a proper invoice or, if later, after acceptance of the Goods or Services in question by TGAT. Each invoice shall be in arrears of the service being performed or goods received. Each invoice shall contain the particulars required by statute in respect of VAT, the PO number and any other particulars agreed with the supplier and shall be sent to the address notified to the supplier. The Trust reserves the right to refuse payment of part or all of any invoice which is not submitted in accordance with these conditions.
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
If the Trust disputes an invoice amount, it shall pay any amount it believes is due for payment and liability for payment of the balance shall be determined by agreement between the parties acting reasonably or, failing such agreement, in accordance with law.
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
Tudor Grange Academies Trust is a multi-academy trust operating state schools across the West Midlands, Worcestershire, Warwickshire and Leicestershire. Companies House records it as a company limited by guarantee, incorporated in September 2010 and originally named Tudor Grange Academy Solihull Trust before adopting its current name. Its registered SIC code is general secondary education. According to the Department for Education's Get Information about Schools service, the trust governs thirteen academies, including secondary, primary and all-through schools, ranging from Tudor Grange Academy in Solihull to schools in Worcester, Redditch, Market Harborough and Leicester. As a charitable academy trust it does not trade for profit but exists to run publicly funded schools on behalf of the Department for Education.
Generated from the company's website and Companies House records. Sources: get-information-schools.service.gov.uk · find-and-update.company-information.service.gov.uk