Industry ranking
Score of 98.9/100 qualifies for PaymentCheck Certification
CYGNUS ACADEMIES TRUST demonstrates a strong payment trend, consistently settling invoices with an average payment time of just 14 days. A remarkable 98% of payments are completed within 30 days, indicating a highly efficient and prompt payment trajectory.
The payment profile of CYGNUS ACADEMIES TRUST shows high reliability and predictability for suppliers, with only 1% of payments falling into the 31-60 day category and 1% exceeding 60 days. This minimal incidence of late payments (total 1% late) suggests very low volatility in payment performance, presenting negligible risk from delayed settlements.
Based on the consistent prompt payments and minimal late rates, CYGNUS ACADEMIES TRUST represents a highly reliable counterparty for suppliers, making it an attractive business partner. The negligible late payment rate suggests no significant specific risk mitigation strategies beyond standard contractual terms are immediately necessary for short-term engagements. Suppliers can confidently expect timely payments, ensuring predictable cash flow and low financial risk.
| 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 | 28 Jul 2025 | 14 | 98% | 1% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms are 30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
A dispute will be discussed between the department ordering the goods or services and our accounts department and if no further action is needed the invoice will approved for payment and paid within 30 days, if the supplier needs to raise a credit or there is a query the invoice will be placed on hold until it is resolved we aim to resolve all queries within the 30 days so the payment is not late.
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
Cygnus Academies Trust is a multi-academy trust operating a network of primary schools and nurseries, with school hubs across South East London, Dartford and Tonbridge. Its member schools include Dartford Bridge Community Primary, Greenlands Primary, Gravel Hill Primary, Manor Community Primary, Royal Rise Primary, The Brent Primary and Westgate Primary. The trust states its mission is to realise the ambition of its students and deliver education across its academies, supported by trustees and a central team of staff. It also provides guidance on admissions, SEND support and wellbeing for pupils and families across its member schools.
Generated from the company's website and Companies House records. Sources: cygnusacademiestrust.org.uk · cygnusacademiestrust.org.uk