Industry ranking
| 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 2022 - 31 Dec 2022 | 30 Mar 2023 | 28 | 71% | 19% | 10% | 31% |
| 01 Mar 2022 - 31 Aug 2022 | 29 Sept 2022 | 27 | 73% | 19% | 8% | 28% |
| 01 Sept 2021 - 28 Feb 2022 | 22 Mar 2022 | 24 | 74% | 21% | 5% | 28% |
| 01 Mar 2021 - 31 Aug 2021 | 23 Sept 2021 | 22 | 81% | 16% | 3% | 21% |
| 01 Sept 2020 - 28 Feb 2021 | 17 Mar 2021 | 24 | 85% | 11% | 4% | 17% |
| 01 Mar 2020 - 31 Aug 2020 | 25 Sept 2020 | 24 | 77% | 18% | 5% | 26% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 24 | 72% | 23% | 5% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payments are processed via BACS within 30 days from the date of the invoice, unless specified otherwise on a supplier’s invoice or alternative terms are agreed. For example, smaller suppliers may be paid within 14 days at their request. However, it should be noted that the school finance staff work term-time only (with limited additional days during holidays) and therefore there may be delays if invoices are received during the school holidays. Suppliers are made aware of this where appropriate and there is an expectation for suppliers to acknowledge these working periods.
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
In the first instance, a supplier would contact the School Finance Officer or School Business Manager in the school in which the goods or services were supplied or ordered. Any concerns or disputes are investigated and resolved as quickly as possible by the School Finance Officer or School Business Manager. If a dispute cannot be resolved at school level, it would be notified to the Trust Business Manager who would then investigate further and take the appropriate action, referring to the Trust Complaints Procedure if needed.
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 PATHWAY ACADEMY TRUST is a dissolved private limited company by guarantee without share capital use of 'limited' exemption, incorporated on 17 September 2015, based in the South East region. Registered business activity: Primary education.
From Companies House records.