Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2021 - 28 Feb 2022 | 11 Mar 2022 | 27 | 76% | 22% | 2% | 41% |
| 01 Mar 2021 - 31 Aug 2021 | 27 Sept 2021 | 27 | 76% | 21% | 3% | 40% |
| 01 Sept 2020 - 28 Feb 2021 | 16 Mar 2021 | 26 | 78% | 19% | 3% | 36% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 34 | 63% | 27% | 10% | 49% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 26 | 77% | 20% | 3% | 44% |
| 01 Mar 2019 - 31 Aug 2019 | 25 Sept 2019 | 26 | 77% | 20% | 3% | 37% |
| 01 Sept 2018 - 28 Feb 2019 | 27 Mar 2019 | 24 | 80% | 18% | 2% | 34% |
| 01 Sept 2017 - 28 Feb 2018 | 23 Mar 2018 | 25 | 81% | 16% | 3% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Northern Ambition Academies Trust in general accepts the payment terms proposed by suppliers. In some cases payment is requested on receipt of invoice, so these suppliers are treated as having terms of zero days. Where suppliers do not propose terms, our default terms are to settle all valid invoices within 30 days. We endeavour to pay invoices from small businesses or sole traders as quickly as possible within these 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
Any disagreements with amounts invoiced by suppliers will be raised by the individual responsible for the expenditure or a member of the finance team. Complaints by suppliers should be directed in the first instance to the individual responsible for the expenditure or the Trust’s Finance Manager. Should the matter remain unresolved this may be escalated to the Director of Finance and Operations.
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
NORTHERN AMBITION ACADEMIES TRUST is an active private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 8 March 2011, based in the Yorkshire and The Humber region. Registered business activity: Pre-primary education; Primary education; General secondary education.
From Companies House records.