Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time to pay for THE OLYMPUS ACADEMY TRUST has been consistently decreasing from 45 days in Sep 2017 to 37 days in Aug 2023. There has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 56% in Sep 2017 to 70% in Aug 2023. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 16% in Sep 2017 to 19% in Aug 2023.
The average time to pay has fluctuated between 29 days and 45 days, indicating a moderate level of volatility. The percentage of invoices paid within 30 days has also fluctuated between 49% and 79%, indicating a moderate level of volatility as well. The percentage of invoices paid later than 60 days has remained relatively stable, fluctuating between 7% and 16%.
Over the past three periods, there has been a slight increase in the average time to pay, from 30 days in Mar 2021 to 37 days in Aug 2023. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 79% in Mar 2021 to 70% in Aug 2023. The percentage of invoices paid later than 60 days has also decreased from 7% in Mar 2021 to 19% in Aug 2023.
| 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 | 26 Mar 2026 | 29 | 78% | 15% | 7% | 29% |
| 01 Mar 2025 - 31 Aug 2025 | 25 Sept 2025 | 26 | 83% | 11% | 6% | 25% |
| 01 Sept 2024 - 28 Feb 2025 | 10 Mar 2025 | 30 | 79% | 13% | 8% | 28% |
| 01 Mar 2024 - 31 Aug 2024 | 09 Sept 2024 | 26 | 82% | 13% | 5% | 26% |
| 01 Sept 2023 - 29 Feb 2024 | 05 Mar 2024 | 30 | 75% | 16% | 9% | 31% |
| 01 Mar 2023 - 31 Aug 2023 | 28 Sept 2023 | 37 | 70% | 19% | 11% | 38% |
| 01 Sept 2022 - 28 Feb 2023 | 27 Mar 2023 | 33 | 68% | 20% | 12% | 39% |
| 01 Mar 2022 - 31 Aug 2022 | 21 Sept 2022 | 33 | 75% | 16% | 9% | 35% |
| 01 Sept 2021 - 28 Feb 2022 | 28 Mar 2022 | 29 | 71% | 20% | 9% | 36% |
| 01 Mar 2021 - 31 Aug 2021 | 14 Sept 2021 | 30 | 79% | 14% | 7% | 30% |
| 01 Sept 2020 - 28 Feb 2021 | 18 Mar 2021 | 34 | 70% | 19% | 11% | 39% |
| 01 Mar 2020 - 31 Aug 2020 | 18 Sept 2020 | 35 | 68% | 21% | 11% | 45% |
| 01 Sept 2019 - 29 Feb 2020 | 16 Mar 2020 | 33 | 70% | 20% | 10% | 44% |
| 01 Mar 2019 - 31 Aug 2019 | 20 Sept 2019 | 42 | 49% | 37% | 14% | 64% |
| 01 Sept 2018 - 28 Feb 2019 | 22 Mar 2019 | 35 | 66% | 22% | 12% | 51% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Sept 2018 | 33 | 72% | 21% | 7% | 50% |
| 01 Sept 2017 - 28 Feb 2018 | 23 Apr 2018 | 45 | 56% | 28% | 16% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 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
60
A complaint or concern should be raised with the Finance team in the relevant school in the first instance who will work with the supplier to resolve the issue.
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
The Olympus Academy Trust is a multi-academy trust operating schools in South Gloucestershire, near Bristol. Registered with Companies House as a private company limited by guarantee, it is registered with the Department for Education as a multi-academy trust responsible for a group of academies. Evidence shows it oversees ten schools, including primary and secondary academies such as Bradley Stoke Community School, Abbeywood Community School, Stoke Lodge Primary School, Meadowbrook Primary School, Charborough Road Primary School, Callicroft Primary School, Filton Hill Primary School, Patchway Community School, Winterbourne Academy and Lyde Green Community School. Its registered SIC codes cover pre-primary, primary and general secondary education, consistent with its role governing a family of state-funded schools across the local authority area rather than delivering education from a single site itself.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · get-information-schools.service.gov.uk · financial-benchmarking-and-insights-tool.education.gov.uk