LINGFIELD EDUCATION TRUST
Company number: 08027885
Reporting period:
1 September 2025 to 28 February 2026
Report filed on:
16 March 2026
Approved by:
Nicholas Blackburn
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 31 days
Total value paid:
- within 30 days: £6,148,869 (80%)
- in 31 to 60 days: £1,017,795 (13%)
- in 61 days or more: £480,723 (6%)
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 11%
- in 61 days or more: 9%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,367,064
- payments due in the reporting period which have not been paid within the agreed period: 40%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
The most frequently used payment terms is 30 days
Some suppliers are immediate payment
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Depending on the type of construction contract
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
Yes: 5%
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
When Practical Completion is reached the Trust:
Confirms the main works are finished to the required standard
Releases the first portion of the the retentions (usually half)
After practical completion a defects lability period begins and contractors must return to fix any defects identified during this period. Retention money is held until the remedial work is completed. At the end of the period the work is inspected again and confirms defects have been corrected and this triggers the release of the remaining retention.
Is the money released in stages?
Yes:
Half the retention is released at practical completion
The remaining half is released at the end of the defects lability (normally 6 months)
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
5%
Dispute resolution process
On the receipt of invoices the information is checked for accuracy and that the goods and services have been received as contracted.
In the event of a discrepancy, the suppliers will be contacted with the aim of resolving the dispute as soon as possible
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