SOUTH LINCOLNSHIRE ACADEMIES TRUST
Company number: 07559187
Reporting period:
1 September 2025 to 28 February 2026
Report filed on:
27 March 2026
Approved by:
Jemma Curson
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 18 days
Total value paid:
- within 30 days: £6,778,853 (86%)
- in 31 to 60 days: £994,835 (13%)
- in 61 days or more: £97,602 (1%)
Invoices paid:
- within 30 days: 86%
- in 31 to 60 days: 13%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £347,780
- payments due in the reporting period which have not been paid within the agreed period: 1%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
Answer not provided
Standard payment terms
This report outlines the payment practices and performance of South Lincolnshire Academies Trust in accordance with the Reporting on Payment Practices and Performances Regulations.
The Trust is committed to maintaining fair and transparent payment practices and aims to build strong and sustainable relationships with its suppliers.
The Trust operates a standard payment policy of 30 days from the date of invoice, unless otherwise agreed in writing. Invoices are processed promptly upon receipt, subject to verification and approval procedures. Suppliers are encouraged to submit clear, accurate and complete invoices to avoid delays. Any discrepancies are addressed as quickly as possible in collaboration with the supplier.
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
45 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the event of any dispute relating payment, SLAT will proactively engage with the supplier and take reasonable steps to resolve the matter in a timely and constructive manner. During the reporting period, the company has taken steps to improve internal processes to ensure timely payments. The Trust monitors its payment performance regularly and is committed to continuous improvement in this area.
The company does not withhold payments unreasonably and seeks to resolve disputes efficiently. Any payments not made within agreed terms are reviewed, and corrective actions are implemented where necessary.
Overall, the Trust remains dedicated to responsible payment practices and recognises the importance of timely payments in supporting the financial stability of its 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