ARDEN MULTI ACADEMY TRUST
Company number: 07375267
Reporting period:
1 September 2025 to 28 February 2026
Report filed on:
23 March 2026
Approved by:
Martin Murphy
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 12 days
Total value paid:
- within 30 days: £6,450,904 (85%)
- in 31 to 60 days: £799,791 (11%)
- in 61 days or more: £362,458 (5%)
Invoices paid:
- within 30 days: 96%
- in 31 to 60 days: 3%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,584,108
- payments due in the reporting period which have not been paid within the agreed period: 8%
- not made in the reporting period due to a dispute: 2%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
Undisputed invoices are paid within a maximum of 30 days (unless other terms are agreed) during school term time.
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
Due to the nature of the business payments are not made outside of school term dates which can result in invoice payment being delayed beyond agreed payment terms. Wherever possible suppliers are reminded of term dates to ensure invoices are paid within terms.
Many of the the payments that are not paid within terms are due to payments terms being set on our finance system at immediate or 7 days to ensure payments are processed on the next payment run.
Dispute resolution process
Disputes are notified to the accounts department by the person who placed the order.
The supplier and the person placing the order are responsible for resolution of the dispute.
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