LEIGH ACADEMIES TRUST
Company number: 02336587
Reporting period:
1 March 2025 to 31 August 2025
Report filed on:
30 September 2025
Approved by:
Faye Reizopoulou
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 22%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 36%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
Our standard payment terms range from 7 to 30 days, depending on the supplier agreement and the type of expenditure
Were there any changes to the standard payment terms in the reporting period?
The current 36% late payment rate is directly attributable to the transition to a new accounting system, for which we have undergone rigorous learning. Fortunately, we are now getting accustomed to the system. We are committed to maintaining this improved performance and bringing the late payment metric back in line with our standard operational targets
Were suppliers notified or consulted about these changes before they were made?
In the majority of cases, suppliers were contacted to inform them of the situation and confirm that their payment terms had not changed
Maximum contractual payment period agreed
30 days
While specific payment terms are established by individual contractual agreements with each supplier, we primarily operate on a 30-day payment term.
Any other information about payment terms
No further comment provided
Dispute resolution process
Consultation with suppliers
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