Score of 98.1/100 qualifies for PaymentCheck Certification
The average time taken by WEST NORFOLK ACADEMIES TRUST to pay invoices to suppliers has gradually decreased over the past three periods, from 28 days in 2017-2018 to 9 days in 2022-2023. This suggests an improvement in their payment process.
The percentage of invoices paid within 30 days has remained relatively stable over the past three periods, with a slight increase from 94% in 2018-2019 to 96% in 2022-2023. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a high of 3% in 2017-2018 and a low of 1% in 2021-2022.
In general, WEST NORFOLK ACADEMIES TRUST has shown improvement in their payment process, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a high of 3% in 2017-2018 and a low of 1% in 2021-2022.
| 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 | 10 Mar 2026 | 11 | 99% | 1% | 0% | 1% |
| 01 Apr 2025 - 31 Aug 2025 | 08 Oct 2025 | 8 | 97% | 2% | 1% | 3% |
| 01 Sept 2024 - 28 Feb 2025 | 13 Mar 2025 | 9 | 97% | 2% | 1% | 3% |
| 01 Mar 2024 - 31 Aug 2024 | 03 Oct 2024 | 9 | 96% | 3% | 1% | 4% |
| 01 Sept 2023 - 29 Feb 2024 | 07 Mar 2024 | 9 | 97% | 2% | 1% | 3% |
| 01 Mar 2023 - 31 Aug 2023 | 04 Oct 2023 | 9 | 96% | 3% | 1% | 4% |
| 01 Sept 2022 - 28 Feb 2023 | 22 Mar 2023 | 10 | 95% | 4% | 1% | 5% |
| 01 Mar 2022 - 31 Aug 2022 | 03 Oct 2022 | 9 | 93% | 5% | 2% | 7% |
| 01 Sept 2021 - 28 Feb 2022 | 28 Apr 2022 | 10 | 96% | 3% | 1% | 4% |
| 01 Mar 2021 - 31 Aug 2021 | 15 Dec 2021 | 11 | 97% | 2% | 1% | 3% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 14 | 94% | 4% | 2% | 6% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Mar 2021 | 15 | 93% | 4% | 3% | 7% |
| 01 Sept 2019 - 29 Feb 2020 | 16 Mar 2020 | 15 | 93% | 5% | 2% | 7% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 14 | 94% | 5% | 1% | 6% |
| 01 Sept 2018 - 28 Feb 2019 | 28 Mar 2019 | 12 | 96% | 3% | 1% | 4% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Sept 2018 | 11 | 94% | 5% | 1% | 6% |
| 01 Sept 2017 - 28 Feb 2018 | 14 Mar 2018 | 28 | 97% | 3% | 0% | 3% |
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
Dispute resolution - Disputes will be resolved within 7 days if addressed to the finance department
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
West Norfolk Academies Trust is a multi-academy trust based in King's Lynn, Norfolk, incorporated in 2011. It operates a group of schools across West Norfolk, including primary, infant, junior and high schools such as Clenchwarton Primary, Gaywood Primary, Heacham Infant and Nursery, Marshland High, Smithdon High, Springwood High, St Clement's High and West Lynn Primary. The Trust provides pre-primary, primary and secondary education, describing itself as a small family of schools working to support pupils and staff across the region. Its site publishes school news, vacancies, governance information and events relating to its member academies.
Generated from the company's website and Companies House records. Sources: westnorfolkacademiestrust.co.uk