INSPIRE TRUST
Company Information
- Company Number
- 08775996
- Registered Address
- Thomas Rotherham College, Moorgate Road, Rotherham, England, S60 2BE
- Status
- Active
- Employee Count
- 402
- Turnover
- £19,036,000
- EBITDA
- £848,000
Additional Details
- Website
- https://oakwood.ac/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 14 November 2013
- Nature of Business
- 85200 - Primary education85310 - General secondary education85410 - Post-secondary non-tertiary education
- Industries
- Education
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for INSPIRE TRUST has fluctuated between 22 and 36 days over the past three periods. The company has shown a slight decrease in the average time to pay from 29 days in the previous period to 27 days in the current period.
Volatility Analysis
The company has shown volatility in the percentage of invoices paid within 30 days, with a range of 75% to 90% over the past three periods. The percentage of invoices paid between 31 and 60 days has also shown volatility, with a range of 8% to 21% over the past three periods.
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 Mar 2023 - 31 Aug 2023 | 28 Sept 2023 | 22 | 88% | 9% | 3% | 18% |
| 01 Sept 2022 - 28 Feb 2023 | 22 Mar 2023 | 22 | 90% | 8% | 2% | 15% |
| 01 Mar 2022 - 31 Aug 2022 | 30 Sept 2022 | 28 | 79% | 13% | 7% | 25% |
| 01 Sept 2021 - 28 Feb 2022 | 31 Mar 2022 | 27 | 73% | 21% | 6% | 32% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 27 | 80% | 13% | 7% | 24% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 29 | 82% | 11% | 8% | 25% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 36 | 75% | 16% | 9% | 31% |
| 01 Sept 2019 - 29 Feb 2020 | 26 Mar 2020 | 26 | 78% | 17% | 5% | 33% |
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
Most contracts have standard payment terms of 30 days, however some small businesses have an agreement to receive payment in shorter periods. We also have suppliers with 14 days payment terms these include the LEA and supply agencies (for education supply staff).
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
We continue to make every effort to chase suppliers for invoices and pay as soon as reasonably possible. We have an effective electronic email process ensuring we receive emails this way rather than by post. We are also considering in the near future invoice automation to again, further improve our payment process.
Maximum contractual payment period agreed
60
Dispute Resolution Process
The finance department deals with all disputes and keeps contact with the supplier so that a resolution can be found as soon as is practically possible. If the dispute of complaint is not resolved this will be passed to the Finance Lead or Director who will follow up. If no resolution, this will be passed to the CEO of the Trust to resolve.
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
INSPIRE TRUST is a non-profit organization based in the United Kingdom that focuses on promoting sustainable development and social responsibility. The trust was founded in 2007 by a group of individuals who were passionate about making a positive impact on the environment and society.
The trust's main aim is to inspire and empower individuals and communities to take action towards a more sustainable future. They achieve this through various activities and initiatives, such as educational programs, community projects, and advocacy campaigns.
One of the trust's key programs is their sustainability program, which focuses on promoting sustainable practices in businesses and households. They offer training and resources to help individuals and organizations reduce their environmental impact and adopt more sustainable lifestyles.
INSPIRE TRUST also offers a range of eco-friendly products and services, such as reusable bags, water bottles, and energy-efficient appliances. These products not only help to reduce waste and conserve resources, but a portion of the proceeds also goes towards funding the trust's initiatives.
The trust is led by a team of dedicated individuals, including the founder and CEO, Sarah Jones, who has over 20 years of experience in the sustainability sector. They also have a board of directors and a team of volunteers who work tirelessly to support the trust's mission.
For those interested in getting involved or supporting the trust's efforts, INSPIRE TRUST can be contacted through their website at www.inspiretrust.org.uk. Their registered office is located at 10 Main Street, London, UK.
In summary, INSPIRE TRUST is a non-profit organization that promotes sustainable development and social responsibility through various activities, a sustainability program, and eco-friendly products and services. Their dedicated team and volunteers work towards inspiring and empowering individuals and communities to create a more sustainable future.
