| 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 | 28 Nov 2019 | 21 | 86% | 13% | 1% | 14% |
| 01 Sept 2018 - 28 Feb 2019 | 19 Jul 2019 | 25 | 81% | 16% | 3% | 19% |
| 01 Mar 2018 - 31 Aug 2018 | 19 Jul 2019 | 27 | 73% | 22% | 5% | 27% |
| 01 Sept 2017 - 28 Feb 2018 | 27 Mar 2018 | 25 | 79% | 17% | 4% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
https://www.impactmultiacademytrust.co.uk/assets/Documents/Key-Info-Documents/Impact-MAT-Terms-and-Conditions-for-Purchase-Orders-.pdf
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
60
Any complaint or concern will be investigated by the Finance Department as soon as possible. Invoices are put on hold until disputes resolved
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
Impact Multi Academy Trust is a company limited by guarantee that operates as a multi-academy trust in England, registered for general secondary education. Its evidence relates to Ravens Wood School in Bromley, which describes itself as part of the trust. The school provides secondary and sixth-form education, covering subjects such as art, business studies, computer science, drama, geography, history, mathematics, media studies, modern foreign languages, music, science and physical education, alongside enrichment provision including sports academies, a music academy and a media academy. The trust's role is to oversee the school's governance and curriculum delivery rather than to trade commercially, consistent with its status as an academy trust within the state education system.
Generated from the company's website and Companies House records. Sources: ravenswood.bromley.sch.uk · ravenswood.bromley.sch.uk