TRENT COLLEGE LIMITED
Company number: 00032983
Reporting period:
1 September 2025 to 28 February 2026
Report filed on:
27 March 2026
Approved by:
G Crocker
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: 29 days
Total value paid:
- within 30 days: £2,455,624 (74%)
- in 31 to 60 days: £730,062 (22%)
- in 61 days or more: £152,782 (5%)
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 27%
- in 61 days or more: 6%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £132,683
- payments due in the reporting period which have not been paid within the agreed period: 6%
- not made in the reporting period due to a dispute: 4%
Payment terms
Shortest standard payment periods
61 days
Longest standard payment period
61 days
Standard payment terms
Our standard terms are payment by the end of the month following invoice. Exceptions are direct debits collected by major suppliers, where their terms are accepted. However, where possible we will endeavour to pay suppliers within 30 days of invoice.
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
61 days
The school has robust cash-flow and positive bank balances and we endeavour to make payments promptly. However, as we are a school, many of the budget holders who would authorise payment of particular invoices are unavailable outside of term time and this may cause delays with educational invoices during the school holiday weeks.
Any other information about payment terms
No further comment provided
Dispute resolution process
Concerns from suppliers regarding overdue invoices are raised to the Purchase Ledger Administrator or to the relevant department budget holder for investigation. Copy invoices are requested from the supplier and authorisation for payment is obtained from the budget holder. Disputed invoices are managed to resolution by the relevant department and, once resolved, are paid as part of the next BACS processing run.
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