GOV.UK
CENTRAL LEARNING PARTNERSHIP TRUST
Company number: 07827368
Reporting period:
1 March 2021
to 31 August 2021
This report was filed on 30 September 2021
and approved by Robert Turton
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 24%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 28 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
As a business we do not have a standard
payment terms for our suppliers. We make
payments based on our supplier’s payment
terms which are predominantly 30 days.
Occasionally suppliers may request a shorter
payment term and, where this is the case, we
will consider the request and pay accordingly.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
There has been a marked deterioration in the
promptness that suppliers have issued their
invoices during the period. It has become
more common that invoices are received
some time after their issue date. In a number
of instances, invoices have been received
after their due date. This is due to the impact
on working that the Covid pandemic has had.
Any other information about payment terms
N/A
Dispute resolution process
Where a supplier has a complaint about
payment of their invoices, they will contact the
finance department of the school who the
supply was made to. If the invoice is in
dispute, our finance staff will normally have
contacted the supplier in the first instance. If
the late payment is due to an administrative
error, then payment will be made immediately.
If the payment is withheld due to a dispute,
this will be reported to our Chief Finance
Officer. Disputed invoices are very rare and
are usually resolved within 60 days of the
invoice being received.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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