Score of 87.95/100 qualifies for PaymentCheck Certification
Between the start date of September 1st, 2019 and the end date of August 31st, 2023, there is a slight downward trend in the average time taken for THE TED WRAGG MULTI ACADEMY TRUST to pay invoices to suppliers. The average time taken has decreased from 12 days in 2019 to 17 days in 2023.
There is moderate volatility in the percentage of invoices paid within 30 days, with the highest percentage being 93% in March-August 2021 and the lowest being 84% in March-August 2022. There is also moderate volatility in the percentage of invoices paid later than 60 days, with the lowest percentage being 2% in September-February 2021 and the highest being 5% in September-February 2023.
Between March-August 2019 and March-August 2023, THE TED WRAGG MULTI ACADEMY TRUST has seen a slight decrease in the average time taken to pay invoices to suppliers. The percentage of invoices paid within 30 days has also increased from 4% to 90%, with the highest being 93% in March-August 2021. However, there is moderate volatility in this percentage, with the lowest being 84% in March-August 2022. The percentage of invoices paid later than 60 days has decreased from 94% to 3%, with the lowest being 2% in September-February 2021. The worst period for this metric was in March-August 2019, where 94% of invoices were paid later than 60 days. There is also moderate volatility in this percentage, with the highest being 5% in September-February 2023.
| 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 | 22 | 65% | 34% | 1% | 51% |
| 01 Mar 2025 - 31 Aug 2025 | 03 Oct 2025 | 22 | 89% | 8% | 3% | 23% |
| 01 Sept 2024 - 28 Feb 2025 | 03 Oct 2025 | 19 | 88% | 9% | 3% | 26% |
| 01 Mar 2024 - 31 Aug 2024 | 30 Sept 2024 | 18 | 89% | 8% | 3% | 23% |
| 01 Sept 2023 - 29 Feb 2024 | 14 Mar 2024 | 17 | 90% | 7% | 3% | 23% |
| 01 Mar 2023 - 31 Aug 2023 | 26 Sept 2023 | 17 | 90% | 7% | 3% | 24% |
| 01 Sept 2022 - 28 Feb 2023 | 28 Mar 2023 | 21 | 84% | 11% | 5% | 27% |
| 01 Mar 2022 - 31 Aug 2022 | 26 Jan 2023 | 19 | 84% | 12% | 4% | 30% |
| 01 Sept 2021 - 28 Feb 2022 | 05 Apr 2022 | 9 | 94% | 4% | 2% | 35% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 9 | 93% | 4% | 3% | 36% |
| 01 Sept 2020 - 28 Feb 2021 | 31 Mar 2021 | 11 | 91% | 6% | 3% | 46% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 15 | 89% | 9% | 2% | 21% |
| 01 Sept 2019 - 29 Feb 2020 | 22 Jul 2020 | 11 | 89% | 8% | 3% | 34% |
| 01 Mar 2019 - 31 Aug 2019 | 07 Aug 2020 | 12 | 4% | 2% | 94% | 35% |
| 01 Sept 2018 - 28 Feb 2019 | 07 Aug 2020 | 10 | 92% | 6% | 2% | 44% |
| 01 Mar 2018 - 31 Aug 2018 | 07 Aug 2020 | 10 | 92% | 4% | 4% | 46% |
| 01 Sept 2017 - 28 Feb 2018 | 07 Aug 2020 | 15 | 89% | 6% | 5% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of our suppliers have 30 day credit terms.
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
The Trust has a central purchase ledger team who would handle any queries around invoicing through their central finance phone number and central finance purchase ledger mailbox.
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
THE TED WRAGG MULTI ACADEMY TRUST is an active private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 28 May 2013, based in the South West region. Registered business activity: Pre-primary education; Primary education; General secondary education.
From Companies House records.