OASIS COMMUNITY LEARNING
Company number: 05398529
Reporting period:
1 March 2026 to 31 August 2026
Report filed on:
2 September 2026
Approved by:
Sarah Howells
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: 33 days
Total value paid:
- within 30 days: £24,330,044 (66%)
- in 31 to 60 days: £9,193,649 (25%)
- in 61 days or more: £3,608,925 (10%)
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 17%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £12,802,574
- payments due in the reporting period which have not been paid within the agreed period: 24%
- not made in the reporting period due to a dispute: 8%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
30 days
Standard payment terms
We stick to 30 days as standard with most suppliers, but with small suppliers we reduce as low as on presentation as long as items delivered or work completed to a creditable standard
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
120 days
This was for a specific arrangement in order for the supplier to ensure the goods were available but we did not pay until delivered.
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:
For larger construction projects eg an addition to a building or a whole school construction
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?
Yes:
We are the final user and commissioner of the project so nothing to pass through
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Surveyor report to confirm that the construction was a creditable standard and that no faults have developed during the retention period
Is the money released in stages?
No
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
The supplier is contacted to discuss the issues often relate to not following processes eg no purchase order has been raised, no ability to find the originator of the order. Where no delivery of items within a reasonable period a credit note is sort. Where work s not completed to a creditable standard, mediation is implemented
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