TOGETHER LEARNING TRUST
Company number: 09040380
Reporting period:
1 March 2026 to 31 August 2026
Report filed on:
24 September 2026
Approved by:
Karen Morley
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: 24 days
Total value paid:
- within 30 days: £1,962,416 (60%)
- in 31 to 60 days: £895,821 (28%)
- in 61 days or more: £388,083 (12%)
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 28%
- in 61 days or more: 12%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,304,169
- payments due in the reporting period which have not been paid within the agreed period: 22%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
182 days
Standard payment terms
Together Learning Trust aim to settle our invoices in line with the terms of our suppliers, which are predominantly 30-day terms. Typically, we aim to make payments within these 30 days, however, sometimes payments are dependent on receipt of grants, delayed invoices and school closures. When schools are closed it can take longer to gain appropriate authorisation for invoices.
Where payments terms are shorter than 30 days or on receipt of goods, we aim to pay invoices as soon as is reasonably practicable and in line with our suppliers terms.
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:
When carrying out large construction contracts there is often a small retention clause built in that is paid 12 after the contract is completed.
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: 2%
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
Retention is typically paid 12 months after a project has been completed on instruction from our project managers/surveyors.
The Trust retained approximately £31.9k from suppliers in accordance with contractual retention clauses during this reporting period. No retention was retained from the Trust by its clients during the reporting period. Accordingly, the percentage reported reflects the methodology required by the reporting system rather than a direct like-for-like comparison.
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
100%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Disputes are resolved directly with the supplier and escalated as appropriate using the supplier’s dispute resolution procedures if necessary. We do not typically make payments for services when there is an active dispute. We work with suppliers to resolve disputes 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