Score of 88/100 qualifies for PaymentCheck Certification
The average time for REDHILL ACADEMY TRUST to pay invoices has fluctuated over the past three periods, with a decrease from 22 days in 2017-2018 to 16 days in 2018-2019, followed by an increase to 39 days in 2020-2021. However, there has been a decrease in the most recent period, with an average time of 19 days to pay invoices.
The company has shown a high level of volatility in their payment patterns, with a significant increase in the percentage of invoices paid later than 60 days in 2020-2021 (10%) compared to the previous period (4%). This was also reflected in the percentage of invoices not paid within agreed terms, which increased from 3% to 9% in the same period. However, there has been a decrease in volatility in the most recent period, with a decrease in the percentage of invoices paid later than 60 days (9%) and not paid within agreed terms (5%).
In the past three periods, REDHILL ACADEMY TRUST has shown a general trend of paying invoices earlier, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2020-2021. The most recent period (2021-2022) shows a return to earlier payment patterns, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days.
| 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 | 02 Mar 2026 | 20 | 93% | 6% | 1% | 1% |
| 01 Mar 2025 - 31 Aug 2025 | 09 Sept 2025 | 23 | 83% | 9% | 8% | 11% |
| 01 Sept 2024 - 28 Feb 2025 | 10 Mar 2025 | 17 | 87% | 3% | 10% | 10% |
| 01 Mar 2024 - 31 Aug 2024 | 23 Sept 2024 | 18 | 90% | 5% | 5% | 4% |
| 01 Sept 2023 - 29 Feb 2024 | 07 Mar 2024 | 18 | 88% | 4% | 8% | 8% |
| 01 Mar 2023 - 31 Aug 2023 | 13 Sept 2023 | 17 | 90% | 4% | 6% | 5% |
| 01 Sept 2022 - 28 Feb 2023 | 08 Mar 2023 | 16 | 85% | 3% | 12% | 4% |
| 01 Mar 2022 - 31 Aug 2022 | 27 Sept 2022 | 19 | 88% | 4% | 8% | 6% |
| 01 Sept 2021 - 28 Feb 2022 | 29 Mar 2022 | 19 | 80% | 11% | 9% | 13% |
| 01 Mar 2021 - 31 Aug 2021 | 27 Sept 2021 | 36 | 43% | 48% | 9% | 57% |
| 01 Sept 2020 - 28 Feb 2021 | 05 Mar 2021 | 39 | 26% | 64% | 10% | 74% |
| 01 Mar 2020 - 31 Aug 2020 | 21 Sept 2020 | 17 | 80% | 17% | 3% | 64% |
| 01 Sept 2019 - 29 Feb 2020 | 13 Mar 2020 | |||||
| 01 Sept 2019 - 28 Feb 2020 | 13 Mar 2020 | 16 | 78% | 19% | 4% | 63% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 22 | 80% | 17% | 3% | 48% |
| 01 Sept 2018 - 28 Feb 2019 | 26 Mar 2019 | 18 | 90% | 9% | 1% | 44% |
| 01 Mar 2018 - 31 Aug 2018 | 25 Sept 2018 | 19 | 87% | 11% | 1% | 43% |
| 01 Sept 2017 - 28 Feb 2018 | 14 Mar 2018 | 22 | 85% | 14% | 1% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment within 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
Disputes are dealt with by the Finance Business Partner linked to the Academy that the invoice relates to. If it is not resolved at this level, it is escalated to the Head of Finance. If it is then not resolved at this level, it is escalated to the Finance Director, but this is extremely rare. All disputes are dealt with immediately and are usually resolved in a matter of days.
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
REDHILL ACADEMY TRUST is an active private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 4 November 2010, based in the East Midlands region. Registered business activity: Pre-primary education; Primary education; General secondary education.
From Companies House records.