| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Feb 2025 - 31 Jul 2025 | 26 Aug 2025 | 43 | 61% | 29% | 10% | 36% |
| 01 Aug 2024 - 31 Jan 2025 | 14 Feb 2025 | 49 | 37% | 48% | 15% | 63% |
| 01 Feb 2024 - 31 Jul 2024 | 22 Aug 2024 | 39 | 64% | 24% | 12% | 35% |
| 01 Aug 2023 - 31 Jan 2024 | 07 Feb 2024 | 40 | 63% | 22% | 14% | 34% |
| 01 Feb 2023 - 31 Jul 2023 | 11 Aug 2023 | 43 | 61% | 26% | 13% | 36% |
| 01 Aug 2022 - 31 Jan 2023 | 23 Feb 2023 | 43 | 55% | 28% | 17% | 41% |
| 01 Feb 2022 - 31 Jul 2022 | 17 Aug 2022 | 45 | 58% | 27% | 16% | 38% |
| 01 Aug 2021 - 31 Jan 2022 | 28 Feb 2022 | 41 | 59% | 27% | 14% | 39% |
| 01 Feb 2021 - 31 Jul 2021 | 24 Aug 2021 | 38 | 71% | 19% | 10% | 24% |
| 01 Aug 2020 - 31 Jan 2021 | 24 Feb 2021 | 47 | 59% | 24% | 17% | 37% |
| 01 Feb 2020 - 31 Jul 2020 | 25 Aug 2020 | 44 | 59% | 24% | 17% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
TL standard payment terms for all purchases of goods and services are 30 days from the date of the invoice, providing that all trading terms and conditions have been fulfilled (i.e. goods and services have been delivered or provided). Per the financial regulations, we should pay 30 days from date of receipt of invoice: Once the Goods and/or Services have been delivered in accordance with Clause 5 of the Contract the Seller shall send a Correct Invoice for the Goods and/or Services which shall identify the HEI’s Purchase Order number, and the HEI shall pay such invoice if correctly rendered within 30 days of receipt.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
If there is a disputed purchase invoice the supplier should initially contract the finance department by email at accountspayable@trinitylaban.ac.uk. This will be dealt with the Financial Controller and then escalated to the Head of Finance, or Director of Finance if necessary. Usually any email will be answered within 5 working days. Per the financial regulations: The Contract shall in all respects be governed by and construed in accordance with English law and shall be deemed to have been made in England and the parties agree to submit to the nonexclusive jurisdiction of the courts of England. 24.2 All disputes arising out of or in connection with this Contract shall be resolved by arbitration. A single arbitrator shall be appointed by agreement between the parties but where the parties fail to reach agreement within 7 days, by the President of the Law Society of England and Wales.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Trinity Laban Conservatoire of Music and Dance is a specialist higher education institution based in Greenwich, London. It provides undergraduate and postgraduate degree programmes in music, dance and musical theatre, alongside professional development courses, research degrees, and activities for children and young people including summer schools and junior programmes. The conservatoire also stages public performances and events, offers health treatments related to performing arts, and hires out its venues. Its self-description states it offers world-class training in music, dance and musical theatre. The company has been operating for over a century, having been incorporated in 1897, and remains an active registered entity delivering higher education and related arts training and performance activities.
Generated from the company's website and Companies House records. Sources: trinitylaban.ac.uk · trinitylaban.ac.uk