WHITE ROSE ACADEMIES TRUST exhibits an average payment time of 34 days, indicating a slight but consistent delay beyond standard 30-day terms. While 63% of payments are settled promptly, a significant 37% are regularly processed late. This trend suggests suppliers should anticipate payments to frequently extend into the 31-60 day window.
The payment data reveals moderate predictability, as over one-third (37%) of invoices are paid late, with 6% extending beyond 60 days. This distribution introduces a clear risk of cash flow variability for suppliers, as nearly 4 out of 10 payments will not adhere to a 30-day schedule. Suppliers should factor in potential delays given this consistent pattern across payment categories.
Overall, WHITE ROSE ACADEMIES TRUST represents a moderate payment risk for suppliers, primarily due to its average 34-day payment cycle and 37% late payment rate. Key decision factors should include the capacity to absorb occasional 31-60 day payment terms. Risk mitigation could involve negotiating extended payment terms, implementing smaller initial orders, or adjusting pricing to account for the cost of capital tied up in delayed invoices.
| 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 | 29 Oct 2019 | 34 | 63% | 31% | 6% | 37% |
| 01 Sept 2018 - 28 Feb 2019 | 08 May 2019 | 37 | 61% | 30% | 9% | 39% |
| 01 Mar 2018 - 31 Aug 2018 | 17 Oct 2018 | 34 | 59% | 35% | 7% | 41% |
| 01 Sept 2017 - 28 Feb 2018 | 12 Apr 2018 | 42 | 53% | 37% | 10% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
1. The White Rose Academies Trust standard business payment terms are 30 days. Payment runs are processed weekly, during term times, to ensure we achieve as close to the standard payment terms as possible. Direct debit payments have been agreed with a number of suppliers ensuring payments are received as per their contracts. There are no payment terms set above 30 days however a number of smaller suppliers have payment terms of 14 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
2. Payment disputes are dealt with as a matter of urgency with suppliers being contacted promptly to inform them of any damaged, incorrect or missing goods. Corrective action is agreed and invoices are processed for payment upon receipt of the outstanding replacement goods or credit note. Supplier statements are checked each month and copy invoices requested where necessary and processed as a priority.
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
White Rose Academies Trust is a multi-academy trust registered in England, incorporated in 2012, with its registered office at Leeds City Academy in Leeds. It operates as an educational charitable trust running academy schools, including Leeds East Academy, providing primary and secondary education. The trust is a member of the wider Luminate Education Group, which the evidence describes as providing expertise, international networks and employability support across its member institutions. Individual academies under the trust manage their own admissions, curriculum, pastoral care and safeguarding arrangements, with governance overseen by the trust's leadership and governors. The trust's core role is the oversight and administration of its constituent academy schools rather than direct classroom delivery itself.
Generated from the company's website and Companies House records. Sources: leedseastacademy.org.uk · leedseastacademy.org.uk