Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 85.1/100 qualifies for PaymentCheck Certification
The average time taken for MERIDIAN TRUST to pay invoices has fluctuated over the past three periods, with a decrease in the first period and an increase in the following two periods. However, in the most recent period, there has been a significant decrease in the average time taken to pay invoices.
The volatility of MERIDIAN TRUST's invoice payment has decreased over the past three periods, with a decrease in the percentage of invoices paid later than 60 days and an increase in the percentage of invoices paid within 30 days.
In the past three periods, MERIDIAN TRUST has seen a decrease in the average time taken to pay invoices. The company has also shown improvement in paying invoices within 30 days, with a significant increase in the most recent period. However, there has been an increase in the percentage of invoices paid between 31 and 60 days in the same period.
| 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 | 04 Mar 2026 | 37 | 40% | 57% | 3% | 34% |
| 01 Mar 2025 - 31 Aug 2025 | 08 Sept 2025 | 24 | 75% | 24% | 1% | 27% |
| 01 Sept 2024 - 28 Feb 2025 | 11 Mar 2025 | 25 | 73% | 26% | 1% | 0% |
| 01 Mar 2024 - 31 Aug 2024 | 25 Sept 2024 | 24 | 75% | 24% | 1% | 27% |
| 01 Sept 2023 - 29 Feb 2024 | 11 Mar 2024 | 25 | 77% | 21% | 2% | 0% |
| 01 Mar 2023 - 31 Aug 2023 | 11 Mar 2024 | 24 | 74% | 25% | 1% | 0% |
| 01 Sept 2022 - 28 Jan 2023 | 11 Sept 2023 | 24 | 78% | 21% | 1% | 0% |
| 01 Mar 2022 - 31 Aug 2022 | 12 Sept 2022 | 36 | 42% | 55% | 3% | 59% |
| 01 Mar 2022 - 31 Aug 2022 | 14 Mar 2023 | 23 | 75% | 23% | 1% | 1% |
| 01 Sept 2021 - 28 Feb 2022 | 14 Mar 2022 | 38 | 40% | 55% | 5% | 60% |
| 01 Mar 2021 - 31 Aug 2021 | 13 Sept 2021 | 36 | 45% | 53% | 2% | 57% |
| 01 Sept 2020 - 28 Feb 2021 | 05 Mar 2021 | 22 | 81% | 17% | 2% | 22% |
| 01 Mar 2020 - 31 Aug 2020 | 22 Sept 2020 | 22 | 80% | 18% | 2% | 28% |
| 01 Sept 2019 - 29 Feb 2020 | 26 Mar 2020 | 33 | 52% | 42% | 6% | 54% |
| 01 Mar 2019 - 31 Aug 2019 | 01 Oct 2019 | 32 | 54% | 42% | 4% | 52% |
| 01 Sept 2018 - 28 Feb 2019 | 26 Apr 2019 | 34 | 50% | 44% | 6% | 56% |
| 01 Mar 2018 - 31 Aug 2018 | 27 Sept 2018 | 31 | 57% | 38% | 5% | 50% |
| 01 Sept 2017 - 28 Feb 2018 | 27 Mar 2018 | 37 | 46% | 42% | 12% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
When purchasing goods/services Meridian Trust have a standard 30 days payment term as stated in our finance handbook and on all purchase orders.
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
For each purchase made by the trust an official purchase order is raised. This should be referenced on each invoice received, failure to do so will result in a refusal of payment from Meridian Trust.
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
Meridian Trust is a multi-academy trust operating a group of schools in England, registered at Sawtry Village Academy in Huntingdon. It runs pre-primary, primary and secondary academies, including Bar Hill Primary School, providing education and shared operational support such as staffing networks, facilities and common curriculum systems across its member academies. Its Companies House classification covers pre-primary, primary and general secondary education plus sports and recreation education. The trust describes itself as founded on commitment to people and communities, aiming for every child to be valued and supported while allowing individual schools to keep their distinct identity within shared values and practices.
Generated from the company's website and Companies House records. Sources: barhillschool.co.uk · barhillschool.co.uk