What can I do if a supplier pays me late?

If a company pays you late, you have the legal right to charge statutory interest at 8% plus the Bank of England base rate under the Late Payment of Commercial Debts Act 1998. You can also claim fixed compensation of £40 to £100 per invoice. PennyFetch can calculate exactly what you are owed and send reminders automatically.

Where does this payment data come from?

This data is self-reported by companies to the UK government Payment Practices Reporting service. Large UK companies are legally required to report how quickly they pay their suppliers every six months. The data is published under the Open Government Licence. PennyFetch republishes this data and adds its own rating classifications.

What can I do if a supplier pays me late?

If a company pays you late, you have the legal right to charge statutory interest at 8% plus the Bank of England base rate under the Late Payment of Commercial Debts Act 1998. You can also claim fixed compensation of £40 to £100 per invoice. PennyFetch can calculate exactly what you are owed and send reminders automatically.

Where does this payment data come from?

This data is self-reported by companies to the UK government Payment Practices Reporting service. Large UK companies are legally required to report how quickly they pay their suppliers every six months. The data is published under the Open Government Licence. PennyFetch republishes this data and adds its own rating classifications.

UK Payment Practices Report

The Spencer Academies Trust payment practices report

PennyFetch rating based on government data:

Often outside terms

Companies House no. 07353824

This rating is PennyFetch’s own assessment derived from data self-reported by The Spencer Academies Trust to the UK government.

This company’s most recent filing is from Apr 2024. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.

This company has short standard payment terms and pays invoices in 16 days on average. The “outside terms” percentage reflects how often invoices exceed those short terms, not slow payment in absolute terms.

Avg. days to pay

UK median: 32

Outside agreed terms

39%

UK average: 24%

Trend

Getting faster

13 reports filed

Payment terms

30 days

Standard terms

Invoice payment breakdown

93%

Within 30 days: 93%31 to 60 days: 7%Over 60 days: 0%

How The Spencer Academies Trust compares

The Spencer Academies Trust takes an average of 16 days to pay its suppliers, which is 16 days faster than the UK median of 32 days across 9,336 reporting companies. 39% of their invoices fall outside the agreed payment terms, compared to a national average of 24%. Their payment speed has been improving over time based on historical filings.

The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (30 days), not against a fixed 30-day standard. A company with long payment terms can still be rated “Good payer” if it consistently meets those terms.

Payment history

Period	Avg. days	% outside terms	% in 30d	% over 60d
Sept 2023 to Feb 2024	16	39%	93%	0%
Mar 2023 to Aug 2023	14	41%	97%	0%
Sept 2022 to Feb 2023	13	50%	96%	1%
Mar 2022 to Aug 2022	13	51%	97%	1%
Sept 2021 to Feb 2022	14	49%	96%	1%
Mar 2021 to Aug 2021	17	13%	95%	1%
Sept 2020 to Feb 2021	17	14%	95%	1%
Mar 2020 to Aug 2020	15	15%	93%	2%
Sept 2019 to Feb 2020	14	16%	96%	1%
Mar 2019 to Aug 2019	28	17%	91%	2%
Sept 2018 to Feb 2019	27	18%	80%	4%
Mar 2018 to Aug 2018	26	22%	79%	3%
Sept 2017 to Feb 2018	24	23%	77%	4%

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Frequently asked questions

According to their most recent self-reported government filing, THE SPENCER ACADEMIES TRUST pays invoices in 16 days on average. 39% of their invoices fall outside the agreed payment terms. PennyFetch rates this company as "Often outside terms" based on that data.

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All payment statistics on this page are self-reported by The Spencer Academies Trust to the UK Government Payment Practices Reporting service . The government publishes this data but does not independently verify the figures. Published under the Open Government Licence v3.0.

Most recent report filed: Apr 2024. The rating labels on this page (e.g. “Good payer”, “Often outside terms”) are PennyFetch’s own classifications based on the reported data. They are not government ratings. This page is for informational purposes and does not constitute legal or financial advice.

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