INSPIRE LEARNING TRUST
Company Information
- Company Number
- 09482529
- Registered Address
- Winterhill School High Street, Kimberworth, Rotherham, United Kingdom, S61 2BD
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 10 March 2015
- Nature of Business
- 85200 - Primary education85310 - General secondary education85410 - Post-secondary non-tertiary education
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
INSPIRE LEARNING TRUST demonstrates a strong trend of timely payments, with an average of 27 days and 85% of invoices paid within 30 days. While the majority are prompt, a small but notable portion (14%) extends beyond the 30-day mark, suggesting occasional slower processing.
Volatility Analysis
Despite the good average, the 24% late payment rate introduces a notable degree of unpredictability for suppliers, indicating that nearly one in four invoices may exceed agreed terms. This consistent rate of late payments, including 4% extending beyond 60 days, points to a moderate risk of payment delays.
Summary Analysis
While INSPIRE LEARNING TRUST generally pays quickly, the 24% late payment rate suggests suppliers should factor potential delays into their cash flow planning. We recommend proceeding with caution, maintaining clear payment terms, and actively monitoring outstanding invoices to mitigate the risk associated with the less predictable portion of payments.
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 2024 - 28 Feb 2025 | 13 Mar 2025 | 22 | 89% | 9% | 2% | 17% |
| 01 Sept 2023 - 29 Feb 2024 | 28 Mar 2024 | 27 | 85% | 10% | 4% | 24% |
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 information available
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 or complaint is not resolved this will be passed to the Finance Leads 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.
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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
Company Summary
INSPIRE LEARNING TRUST operates as a learning trust, indicating its primary function in the provision or oversight of education and learning. Structured as a Private Limited Company by guarantee without share capital, it is typically set up for non-profit or community benefit purposes rather than commercial gain for shareholders.
The organisation, with company number 09482529, was incorporated on 10 March 2015 and is currently active. Its registered office is situated at Winterhill School High Street, Kimberworth, Rotherham, United Kingdom, S61 2BD.
As a Private Limited Company by guarantee operating as a "Learning Trust", INSPIRE LEARNING TRUST typically provides educational services. This includes operating schools within the multi-academy trust framework, delivering primary, secondary, or specialist education to pupils.
