Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 86.4/100 qualifies for PaymentCheck Certification
The average time taken for SUCCESS ACADEMY TRUST to pay invoices has remained consistent at 28 days for the past three periods. However, there has been a slight decrease in the percentage of invoices paid within 30 days, from 74% to 73%. This could indicate a potential trend of slower payments being made by the company.
The company has shown low volatility in their payment patterns, with the percentage of invoices paid within 30 days fluctuating by only 1% over the three periods. The highest volatility is seen in the percentage of invoices not paid within agreed terms, which has ranged from 0% to 26%.
| 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 | 24 | 83% | 14% | 3% | 17% |
| 01 Sept 2024 - 28 Feb 2025 | 14 Mar 2025 | 24 | 84% | 12% | 4% | 16% |
| 01 Mar 2024 - 31 Aug 2024 | 09 Sept 2024 | 26 | 77% | 18% | 5% | 23% |
| 01 Sept 2023 - 29 Feb 2024 | 04 Mar 2024 | 26 | 84% | 11% | 5% | 16% |
| 01 Mar 2023 - 31 Aug 2023 | 11 Sept 2023 | 26 | 76% | 19% | 5% | 24% |
| 01 Sept 2022 - 28 Feb 2023 | 04 Mar 2023 | 26 | 76% | 19% | 5% | 0% |
| 01 Mar 2022 - 31 Aug 2022 | 22 Sept 2022 | 27 | 76% | 19% | 5% | 0% |
| 01 Sept 2021 - 28 Feb 2022 | 03 Mar 2022 | 28 | 74% | 20% | 6% | 26% |
| 01 Mar 2021 - 31 Aug 2021 | 16 Sept 2021 | 28 | 77% | 18% | 5% | 23% |
| 01 Sept 2020 - 28 Feb 2021 | 20 Mar 2021 | 28 | 74% | 19% | 7% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We follow 30 days as standard payment terms as common across local government organisations.
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
Invoices that are queried are notified to the supplier as in dispute as soon as possible and paid accordingly once resolved by the Academy concerned. As per our supplier guidance on payment procedures, if after 14 days the dispute with the individual Academy is unresolved, the supplier can re-direct the dispute to the Trust's central team for investigation.
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
SUCCESS ACADEMY TRUST is an active private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 9 July 2012, based in the East Midlands region. Registered business activity: Pre-primary education; Primary education; General secondary education.
From Companies House records.