RIVERMEAD INCLUSIVE TRUST
Company number: 09853252
Reporting period:
1 September 2024 to 28 February 2025
Report filed on:
7 August 2025
Approved by:
Justin Stuart
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 3%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
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
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
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.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No