GOV.UK
DELTA ACADEMIES TRUST
Company number: 07386086
Reporting period:
1 March 2021
to 31 August 2021
This report was filed on 24 September 2021
and approved by Paul Tarn
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 11%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Shortest standard payment period
15 days
Longest standard payment period
30 days
Standard payment terms
30 days from date of invoice or days stipulated by supplier then we would pay in line with the suppliers terms and conditions
Were there any changes to the standard payment terms in the reporting period?
Yes – Due to Covid-19 pandemic the Trust decided to pay small businesses before their payment date and reduced payments to between 7 and 15 days This finished on 31 Aug 2021 where we have returned back to 30 days or suppliers terms if different. We did not consult with suppliers on this change but did notify them of the reasons we had decided to pay early.
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
All disputes are dealt with by the local finance office with the aim to resolve any disputes/queries in a timely manner. Academies can contact Head Office for support where disputes are difficult to resolve.
Our complaints policy is included on each academy website and the Trust website for Delta Academies Trust.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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