SOLENT ACADEMIES TRUST exhibits an average payment time of 35 days, with 41% of payments categorized as late, indicating a consistent tendency to exceed standard net-30 terms. While 68% of payments are made within 30 days, a significant 32% consistently extend beyond this period, suggesting a trajectory towards slightly longer payment cycles for a notable portion of invoices.
Payment distribution shows moderate volatility; a considerable 32% of payments fall outside the standard 30-day window, including 10% that are severely delayed beyond 60 days. This variability reduces payment predictability for a significant portion of invoices, presenting a tangible cash flow risk due to the consistent 41% late payment rate.
Overall, SOLENT ACADEMIES TRUST presents a moderate payment risk profile for suppliers, with a significant portion of payments consistently falling outside standard net-30 terms. Suppliers should consider offering payment terms that accommodate a 35-day average or implement strict credit limits and proactive follow-up for invoices exceeding 30 days. Mitigating risk could involve negotiating shorter payment terms or applying late payment penalties to encourage prompt settlement.
| 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 2024 - 31 Aug 2025 | 10 Oct 2025 | 38 | 76% | 18% | 6% | 37% |
| 01 Sept 2024 - 28 Feb 2025 | 25 Jul 2025 | 35 | 68% | 22% | 10% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is the policy of the Trust to pay all invoices by the due date and to take advantage of any discounts available for early settlement where this is to the Trust’s advantage. Invoices are generally paid within 30 days unless they are disputed.
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 are received by the Trust Central Finance Team. Disputes that arise are resolved by the finance team working collaboratively with the supplier and the Academy leadership.
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
SOLENT ACADEMIES TRUST is an active Private Limited Company by guarantee without share capital, benefiting from the 'Limited' exemption. Its company name indicates it operates as an academies trust, typically involved in the management and oversight of educational institutions.
Incorporated on 24 January 2013, the company holds registration number 08374351. Its registered office is Unit 4 Acorn Business Park, Northarbour Road, Portsmouth, England, PO6 3TH, situating its operations within the South East of England.
Academies trusts in the UK typically specialise in providing comprehensive educational services and managing a portfolio of schools. Their functions generally encompass curriculum development, staff professional development, safeguarding provision, and strategic financial oversight for their constituent academies.