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 2023 - 29 Feb 2024 | 04 Mar 2024 | 31 | 69% | 25% | 6% | 17% |
| 01 Feb 2023 - 31 Aug 2023 | 04 Mar 2024 | 31 | 69% | 23% | 8% | 15% |
| 01 Sept 2022 - 28 Feb 2023 | 31 Mar 2023 | 31 | 69% | 23% | 8% | 15% |
| 01 Mar 2022 - 31 Aug 2022 | 28 Nov 2022 | 27 | 75% | 19% | 6% | 30% |
| 01 Sept 2021 - 28 Feb 2022 | 22 Mar 2022 | 28 | 75% | 19% | 6% | 30% |
| 01 Mar 2021 - 31 Aug 2021 | 22 Nov 2021 | 30 | 70% | 23% | 7% | 36% |
| 01 Mar 2020 - 31 Aug 2020 | 25 Sept 2020 | 31 | 66% | 23% | 11% | 40% |
| 01 Sept 2019 - 28 Feb 2020 | 25 Sept 2020 | 28 | 70% | 23% | 7% | 36% |
| 01 Mar 2019 - 31 Aug 2019 | 13 Nov 2019 | 25 | 80% | 16% | 4% | 28% |
| 01 Sept 2018 - 28 Feb 2019 | 27 Mar 2019 | 26 | 79% | 14% | 7% | 27% |
| 01 Sept 2017 - 28 Feb 2018 | 27 Mar 2018 | 23 | 83% | 12% | 5% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Over 90% of invoices have still been paid within 60 days. Payments made after the agreed terms include invoices that have Nil days payment terms from suppliers which is not always feasible. Invoices which are received during school holidays are not paid until the schools reopen.
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
180
we aim to address any disputes informally. If escalation is required the Trust complaints policy is on the website
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
This company was incorporated in 2011 as Tapton School Academy Trust and, according to Companies House records, changed its name to Inova Multi-Academy Trust Limited on 16 April 2025. It is registered as a private company limited by guarantee, with its office linked to Tapton School in Sheffield. Its stated business activities, pre-primary education, primary education and general secondary education, indicate it operates as a multi-academy trust running state schools covering these age ranges. As an academy trust it is a not-for-profit body established to run one or more academy schools rather than a commercial enterprise, and no further detail on the number or names of schools operated is confirmed in the available evidence.
Generated from the company's website and Companies House records. Sources: beta.companieshouse.gov.uk