GRACE SCHOOLS maintains an average payment time of 30 days, with 83% of payments settled within the standard 30-day window, indicating a generally acceptable payment pace. However, 10% of payments fall into the 31–60 day range and 7% exceed 60 days, suggesting a recurring pattern of delayed settlements for a portion of transactions. The overall late payment rate of 18% signals that nearly one in five invoices does not meet agreed terms, which warrants attention despite the solid majority paid on time.
The 18% late payment rate introduces moderate unpredictability, as suppliers cannot consistently rely on timely settlement across all invoices. The 7% over-60-day segment is a notable risk indicator, as extended delays can disrupt cash flow and signal underlying payment process issues within the organization. While the majority of payments are reliable, the tail risk represented by late and overdue invoices creates meaningful variability that reduces overall payment predictability.
GRACE SCHOOLS presents a moderate-risk payment profile — acceptable for continued supply relationships but not without conditions given the 18% late payment rate and 7% over-60-day exposure. Suppliers should consider implementing clear payment terms with defined late fees and proactive invoice follow-up protocols at the 25-day mark to minimize overdue risk. Offering the relationship on standard net-30 terms is reasonable, but credit limits should be monitored closely, and prepayment or shorter terms may be advisable for larger or higher-value orders.
| 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 | 31 Mar 2026 | 30 | 83% | 10% | 7% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of valid invoice
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
contractor is contacted immediately to discuss the dispute. If no resolution it is passed to a senior member of staff to resolve.
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
Grace Schools is an educational organisation registered in England as a private limited company by guarantee without share capital. This legal structure is commonly used by not-for-profit organisations in the education sector, and the company operates under an exemption from including "Limited" in its trading name.
The company was incorporated on 27 March 2013 and holds company registration number 08464996 with Companies House. Grace Schools is based in the East of England, with its registered office located at Grace Building, 8 High Street, Ely, England, CB7 4JU.
Organisations of this type operating within the UK education sector typically provide school-based education services, which include the delivery of curricula, teaching, and pastoral support to pupils. They are governed by a board of trustees or directors who are responsible for the strategic and operational oversight of the schools under their remit.
Grace Schools remains an active company, continuing to operate from its registered address in Ely, Cambridgeshire, serving the local and regional community in the East of England.