INSPIRATION TRUST
Company Information
- Company Number
- 08179349
- Registered Address
- Weights And Measures Building, 28 Bethel Street, Norwich, NR2 1NR
- Status
- Active
- Employee Count
- 1,682
- Turnover
- £80,231,000
- EBITDA
- -£8,853,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 14 August 2012
- Nature of Business
- 85100 - Pre-primary education85200 - Primary education85310 - General secondary education
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 | 18 Mar 2024 | 26 | 86% | 9% | 5% | 19% |
| 01 Mar 2023 - 31 Aug 2023 | 09 Nov 2023 | 29 | 83% | 13% | 4% | 30% |
| 01 Sept 2022 - 28 Feb 2023 | 27 Mar 2023 | 28 | 79% | 14% | 7% | 26% |
| 01 Mar 2022 - 31 Aug 2022 | 10 Oct 2022 | 29 | 82% | 12% | 6% | 32% |
| 01 Sept 2021 - 28 Feb 2022 | 04 Mar 2022 | 30 | 78% | 13% | 9% | 26% |
| 01 Mar 2021 - 31 Aug 2021 | 08 Oct 2021 | 26 | 84% | 11% | 5% | 29% |
| 01 Sept 2020 - 28 Feb 2021 | 16 Mar 2021 | 34 | 70% | 21% | 9% | 37% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 30 | 71% | 21% | 8% | 34% |
| 01 Sept 2019 - 29 Feb 2020 | 24 Mar 2020 | 32 | 68% | 23% | 9% | 37% |
| 01 Sept 2018 - 28 Feb 2019 | 27 Jun 2019 | 32 | 76% | 16% | 8% | 31% |
| 01 Mar 2018 - 31 Aug 2018 | 27 Jun 2019 | 29 | 79% | 13% | 7% | 31% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms = 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Our full terms of purchase is available at https://www.inspirationtrust.org/attachments/download.asp?file=951&type=pdf
Maximum contractual payment period agreed
30
Dispute Resolution Process
Any disputes over payments will be dealt with in the first instance by the finance department- contact information available at https://www.inspirationtrust.org/contact
Other Payment Information
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Inspiration Trust is a multi-academy trust based in East Anglia, England, with a mission to provide high-quality education to students of all backgrounds. The trust was founded in 2012 and currently operates 14 academies, serving over 8,000 students.
The trust's sustainability program is focused on promoting eco-friendly practices and reducing its carbon footprint. This includes initiatives such as recycling and reducing energy consumption in its schools. The trust also encourages its students to learn about sustainable living, with projects such as school gardens and eco-clubs.
Inspiration Trust offers a range of products and services to support its academies and students. This includes a central team of educational experts who provide support in areas such as curriculum development, teacher training, and finance management. The trust also offers a variety of enrichment programs, from music and arts to sports and science, to enhance the educational experience of its students.
The trust is led by CEO Dame Rachel de Souza, who has been recognized for her contributions to education with a knighthood in 2014. Other key people include the trust's board of directors, made up of experienced professionals from various industries, and the headteachers of its academies.
Inspiration Trust can be contacted through their website, which also provides information on their academies and services. The registered office address is located in Norwich, Norfolk, and can be found on their website as well. The trust's website also features news and updates on their activities and achievements. Overall, Inspiration Trust is committed to providing excellent education and promoting sustainability in the communities it serves.
