Their own payment-practices filing · gov.uk

Grace Academy paid suppliers in 32 days on average — 2 days past its stated terms

CRN 04967658 · Education · 3 statutory reports on record · period to 28 Feb 2019

Dated record. The latest report covers a period ending 28 Feb 2019 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

32daysavg time to pay · H1 2019

Their H1 2019 filing put the average 2 days past the 30-day term they state.

Their stated terms: 30 days
Paid outside agreed terms: 40% of invoices
Paid after 61+ days: 8%
Reporting period: 1 Sept 2018 – 28 Feb 2019
Source: their gov.uk filing, filed 20 Mar 2019

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2019 filing

Paid 2 days past their stated terms

PAIDLATE · terms vs the clockdays to pay · 0–40

avg 32d

0 days40 days

reported avg 32 days their filed terms 30 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 65% 31–60 days 27% 61+ days 8%

Source: their statutory Payment Practices Report #13870, period 1 Sept 2018 – 28 Feb 2019, filed 20 Mar 2019 · gov.uk payment-practices service

Grace Academy paid 2 days past its own stated terms. 40% of invoices still went outside agreed terms; 8% reached 61 days or more. Self-reported in their statutory H1 2019 filing.

The pattern · last 3 of 3 reports

Held steady around 32 days

PAIDLATE · the patternavg days per report

Last 3 of 3 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

Steady around 32 days. Their reported average has moved within about ±1 days period to period; the dashed line marks the 30-day term they state.

The read · computed from their figures

Grace Academy's H1 2019 filing put their average at 32 days against stated terms of 30 days; 40% of invoices were paid outside agreed terms and 8% took 61 days or longer. Filed 20 Mar 2019.

The pattern is steady — their reported average moves within about ±1 days period to period.

That is 3 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers supply-chain finance

In their own words · from the filing

Standard payment terms

The Trust does not have standard payment terms. Payment terms are agreed with suppliers as part of the contract negotiations. The most frequent used payment terms in the reporting period are 30 days. The supplier shall, following acceptance of any deliverables, be entitled to submit an invoice for the agreed charge. Each invoice shall contain the particulars required by statue in respect of VAT, the PO number, if any, and any other particulars agreed with the supplier and shall be sent to the address notified to the supplier. The Trust reserves the right to refuse payment of part or all of any invoice which is not submitted in accordance with these conditions.

Dispute resolution

Disputes are resolved by discussion and agreement with the supplier or if that fails in accordance with the law.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2019	32	40%	8%	20 Mar 2019
H1 2018	30	43%	6%	1 Oct 2018
H1 2018	32	39%	7%	26 Mar 2018

On the public register · Companies House

Company record

Status: Active
Type: PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Incorporated: 18 Nov 2003
Registered office: C/O ELIZABETH WOODVILLE SCHOOL STRATFORD ROAD, NORTHAMPTON, NN7 2LP

0 outstanding charges on the register Accounts due 31 May 2027

Open the full record at Companies House.

Quick answers · Grace Academy

Are they getting slower or faster?

Their reported average was steady — within about ±1 days period to period, around 32 days.

What's their typical pay point?

Their latest reports averaged around day 32, moving within about ±1 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Grace Academy (free)

They haven’t filed a payment report since 20 Mar 2019. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-04967658 · latest period to 28 Feb 2019

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