AUTHENTIC EDUCATION GROUP LIMITED
Company number: 07977940
Reporting period:
1 September 2025 to 28 February 2026
Report filed on:
20 March 2026
Approved by:
Alison Beane
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £2,971,931
- payments due in the reporting period which have not been paid within the agreed period: 47%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
30 days
Standard payment terms
Accounts Payable will aim to pay all approved supplier invoices within 30 days of receiving them.
Due to the nature of the business, school holidays may interrupt the approval process if received during this period.
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
Dispute resolution process
Invoice queries are managed by the central finance team with support from individual academies. The majority of disputes are resolved quickly with payments released once all issues were settled.
The Trust has a dedicated central Procurement Team. All disputes should be raised with the Procurement Team and if unable to be resolved, it would be escalated to the Procurement Manager in the first instance.
An escalation process can then be followed within the department using contact details provided with each order.
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