| 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 | 17 Aug 2025 | 51 | 49% | 34% | 17% | 9% |
| 01 Mar 2024 - 31 Aug 2024 | 05 Feb 2025 | 9% | ||||
| 01 Sept 2022 - 29 Feb 2024 | 29 May 2024 | 56 | 48% | 30% | 22% | 5% |
| 01 Sept 2022 - 28 Feb 2023 | 19 Feb 2024 | 52 | 45% | 29% | 26% | 14% |
| 01 Mar 2022 - 31 Aug 2022 | 19 Feb 2024 | 31 | 69% | 22% | 9% | 9% |
| 01 Sept 2021 - 28 Feb 2022 | 25 Mar 2022 | 30 | 66% | 26% | 7% | 4% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 14 | 95% | 4% | 1% | 5% |
| 01 Sept 2020 - 28 Feb 2021 | 29 Mar 2021 | 12 | 92% | 7% | 1% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices that have an approved purchase order or contract in place are paid on the next available payment run after they are processed.
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
42
Disputes will be resolved between the supplier and the procurer with reference to agreed terms if applicable, and may be escalated to the central Trust finance team if a solution is not reached. Invoices will not be paid until any ongoing disputes are resolved.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
INSPIRE PARTNERSHIP ACADEMY TRUST is a UK-based educational organization that provides support and resources to schools in order to improve the quality of education for students. The trust was founded in 2014 and currently supports 14 schools in the London and Hertfordshire areas.
One of the key activities of INSPIRE PARTNERSHIP ACADEMY TRUST is their sustainability program. The trust is committed to promoting sustainable practices within their schools, such as reducing energy consumption, promoting recycling and waste reduction, and incorporating sustainability into the curriculum.
In addition to their sustainability efforts, INSPIRE PARTNERSHIP ACADEMY TRUST also offers a range of products and services to their member schools. This includes support for school improvement, teacher training and development, and access to a network of educational experts.
The trust is led by a team of experienced educators, including a CEO, a Director of Education, and a Board of Trustees. They work closely with school leaders to ensure that the trust's resources and services are effectively meeting the needs of their member schools.
For more information on INSPIRE PARTNERSHIP ACADEMY TRUST, their website address is www.inspirepartnership.co.uk. Their registered office address is located at 39-41 North Road, Highgate, London N6 4AS. The trust can also be contacted via email at info@inspirepartnership.co.uk.