HISP MULTI ACADEMY TRUST LTD
Company number: 07562918
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
11 August 2025
Approved by:
Kelly Robinson
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 14%
- in 61 days or more: 5%
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
28 days
Longest standard payment period
Answer not provided
Standard payment terms
28 days from date of invoice
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
61 days
No further comment provided
Any other information about payment terms
We do have some arrangements that are unique to the education sector, and we pay on a termly or half termly basis as opposed to a standard 28/30 days
Dispute resolution process
Any dispute will initially be managed by the goods/service procurer, and if not resolved within a fortnight (we run two payments runs a month) this will be escalated to the Head of Finance to liaise with the supplier of the goods/service. Further escalation can occur as per detailed in our financial policy and procedures.
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