Score of 97.8/100 qualifies for PaymentCheck Certification
RIVERMEAD INCLUSIVE TRUST demonstrates a strong trend of exceptionally prompt payments, with an average settlement time of just 14 days. A significant 95% of all invoices are settled well within a 30-day window, indicating a highly efficient and consistent accounts payable process.
Payment volatility is remarkably low, as only 5% of payments extend beyond 30 days (3% in 31-60 days, 2% over 60 days), and crucially, 0% are officially categorized as late. This consistent performance offers high predictability and reliability for suppliers, presenting minimal risk of delayed or defaulted payments.
Based on its outstanding payment profile, RIVERMEAD INCLUSIVE TRUST is assessed as a very low-risk counterparty for suppliers. Their consistent promptness and zero late payments strongly indicate financial stability and reliable payment behavior, allowing suppliers to establish credit terms with high confidence.
| 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 | 07 Aug 2025 | 14 | 95% | 3% | 2% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
FOR MOST GENERAL SERVICES AND INVOICES WE USE 30 DAYS STANDARD PAYMENT TERMS. HOWEVER AS A MULTI ACADEMY TRUST WE HAVE CONTRACTS WITH THE LOCAL AUTHORITY AND DEPARTMENT FOR EDUCATION WITH A VAIERTY OF CONTRACTUAL TERMS RANGING FROM 30 DAYS TO MONTHLY AND TERMLY. HOWEVER WHEN AN INVOICE IS RAISED PAYMENT TERMS WILL BE 30 DAYS FROM THIS DATE.
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
Disputes or concerns, problems or complaints that are raised are dealt with fairly, consistently, promptly and objectively and with a view of trying to achieve an agreed resolution, this will usually be dealt with by our COO and any Trust senior leadership involved in the relevant department.
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
RIVERMEAD INCLUSIVE TRUST operates as a private limited company by guarantee without share capital, indicating its status as a not-for-profit organisation. Its name, incorporating "Inclusive Trust", signifies a focus on providing inclusive services or support within a trust-based structure.
Registered in England with company number 09853252, RIVERMEAD INCLUSIVE TRUST was incorporated on 3 November 2015. The company maintains an active status and its registered office is located in Gillingham, Kent, within the South East region of England.
Companies structured as private limited companies by guarantee without share capital typically operate in the not-for-profit sector. They commonly provide services such as education, training, community support, welfare, or operate as charitable foundations or multi-academy trusts. These organisations are established to fulfil specific charitable, educational, or community purposes.