// payment practices, as filed · company 08120960
Wellspring Academy Trust: how it pays its suppliers, from its own filing
Wellspring Academy Trust reports paying its suppliers in an average of 38 days, with 40% of invoices paid later than the agreed terms, for the period 1 March 2026 to 31 August 2026. Across the 1,496 companies that report on construction contracts, the median is 31 days and 14% late. Every figure below is the company’s own, approved by a director and published on the government register; this page reproduces it and says what it means for a subcontractor.
38 days
Average days to pay
longer than 67% of the 1,496 filers; median 31 days
40%
Paid later than agreed
a higher share than 88% of filers; median 14%
60%
Paid within 30 days
16% took longer than 60 days
The terms it declares
- Standard payment terms
- 7 to 30 days
- Maximum contractual period
- 30 days
- Paid in 31 to 60 days
- 24%
- Paid after 60 days
- 16%
- Not paid because of a dispute
- 0%
- Filed on
- 3 September 2026
Their standard terms, in their words
Standard payment terms are 30 days
Every filing since Mar 2018
Wellspring Academy Trust has filed 18 times. The share paid late is up 4 points on the previous filing, and the average days to pay unchanged. The first filing, for the period to 31 March 2018, reported 46 days and 40% late.
| Period to | Days to pay | Paid late | Within 30 days | Over 60 days |
|---|---|---|---|---|
| 31 August 2026 | 38 | 40% | 60% | 16% |
| 28 February 2026 | 38 | 36% | 69% | 13% |
| 31 August 2025 | 45 | 40% | 66% | 14% |
| 28 February 2025 | 43 | 43% | 65% | 12% |
| 31 August 2024 | 38 | 33% | 74% | 9% |
| 29 February 2024 | 37 | 36% | 71% | 10% |
Retention
- Retention clauses in construction contracts
- yes
- Standard retention rate
- 5%
- In all construction contracts
- yes
- Same terms they receive from their own client
- yes
- On parity with their client
- We don't apply a retention to any sub contracts any more onerous than applied to us.
What this means if you are pricing work for them
The share paid later than agreed is the number to read first, because a short term makes an invoice late sooner and a long one hides lateness inside the term. Wellspring Academy Trust is above the median on that measure, so build the delay into your cash flow before you sign. The average days to pay sits over the median.
A worked example on a 30-day term: an invoice of £10,000.00 paid on this company’s average, 8 days after the final date, carries £25.75 of statutory interest at 11.75% plus the fixed sum, £125.75 in all, which the law lets you add without a clause. Run your own figures.
Against the official benchmark: the Department for Business and Trade’s statistics for 2025, published 14 July 2026, put large construction businesses at 33 days to pay with 14% of invoices late by number (13% by value), and all large businesses at 32 days and 15% late. Wellspring Academy Trust is slower than the sector figure. Its late share is above the sector figure.
What the register does not show: it is self-reported, large companies only, and the filing covers the whole company, not your contract. Read it alongside the notice rules that decide what you are actually owed, and keep your own dates.
Questions subcontractors ask about Wellspring Academy Trust
- How long does Wellspring Academy Trust take to pay its suppliers?
- Wellspring Academy Trust reported an average of 38 days to pay an invoice for 1 March 2026 to 31 August 2026, with 60% of invoices paid within 30 days and 16% taking longer than 60 days. The official 2025 figure for large construction businesses is 33 days.
- Does Wellspring Academy Trust pay late?
- By its own filing, 40% of Wellspring Academy Trust's invoices were paid later than the agreed terms, against 14% across large construction businesses in 2025 and a median of 14% among the 1,496 companies on this register that declare construction contracts. That is up 4 points on its previous filing (36% for the period to 28 February 2026).
- Does Wellspring Academy Trust hold retention?
- Yes. Wellspring Academy Trust declares retention clauses in its construction contracts at a standard rate of 5%, in all of them. The filing's own wording is quoted above.
- Can I charge Wellspring Academy Trust interest on a late invoice?
- Yes, under the Late Payment of Commercial Debts (Interest) Act 1998, from the day after the final date for payment, at 8% over the Bank of England base rate plus a fixed sum per invoice, without any clause in the contract. The calculator works it out for your figures.
Source: the company’s own report on the government’s payment practices service, report 116786, made under the Reporting on Payment Practices and Performance Regulations 2017 and reproduced under the Open Government Licence v3.0. Register copy taken 2 October 2026; comparisons are against the latest filing of each of the 1,496 companies declaring construction contracts. Figures are as filed, not judged. Not legal advice.
// read next
- Pay less notice: what it must say and when it must arriveWhat a pay less notice must contain under s.111 of the Construction Act, the deadline (contract or 7 days before the final date), and what happens if it's late.
- Late payment interest rate UK: how the 8% over base rule works, and why the date mattersUK late payment interest is 11.75% for business invoices due from 1 July 2026. How it is set, the £40/£70/£100 fixed sums, and a worked example on £18,400.
- Which main contractors pay late? What the payment practices register saysTen UK main contractors' filed payment figures: average days to pay, share paid late, report links. Median of 1,496 construction filers: 31 days, 14% late.
- Every company that files on construction contractsThe full A to Z, 1,496 filers, each with its own page.