LEARNING WITHOUT LIMITS ACADEMY TRUST
Company number: 10269535
Reporting period:
1 September 2021 to 28 February 2022
Report filed on:
24 March 2025
Approved by:
John Henrys
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 16%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 27%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
Standard payment terms are 30 days from the date of invoice unless alternative terms agreed.
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
Dispute resolution process
If there is a dispute in respect of an outstanding invoice, in the first instance it is handled by the central finance team who will contact the supplier. This is aimed to be resolved as soon as possible from the date of receipt of all relevant supporting documentation. Where necessary, the finance team contact the Academy Operations Manager to resolve the query. Payment is not made until the query is resolved. Disputed invoices are paid immediately on resolution.
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