THE GORSE ACADEMIES TRUST
Company number: 07465701
Reporting period:
1 March 2025 to 31 August 2025
Report filed on:
17 November 2025
Approved by:
Mrs A Hoyland
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 10%
- in 61 days or more: 6%
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
7 days
Longest standard payment period
30 days
Standard payment terms
Our standard payment terms are 30 days. Shorter payment terms can be arranged on request, for example for small businesses or sole traders.
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
The trust continues to enjoy a good relationship with all its suppliers. Invoice queries are dealt with promptly by individual academies or the central finance team depending on where the invoice is processed. We work with our suppliers to resolve any dispute swiftly so that payment can be made.
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