| 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 Sept 2019 - 29 Feb 2020 | 07 Aug 2020 | 33 | 54% | 39% | 6% | 18% |
| 01 Mar 2019 - 31 Aug 2019 | 29 Jan 2020 | 22 | 67% | 27% | 6% | 17% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Jan 2020 | 31 | 58% | 33% | 9% | 18% |
| 01 Mar 2018 - 31 Aug 2018 | 22 Jul 2019 | 35 | 47% | 45% | 8% | 18% |
| 01 Sept 2017 - 28 Feb 2018 | 20 Mar 2018 | 34 | 50% | 40% | 10% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
General standard payment terms are Net 30 days i.e. month end of the invoice plus 30 days. The College operates a fair and regular payment standard with two BACS payments each month.
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
365
Any general payment query or dispute is first dealt with by the purchase ledger team in a timely manner. If the issue is specific to a department then the dispute is referred to the Head of that department for action. Unresolved issues will be referred to the Bursar.
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
Lancing College Limited is the registered company operating Lancing College, an independent school in West Sussex. Companies House records classify its business under pre-primary, primary and general secondary education, and registered charges reference the college's senior school and junior school buildings and playing fields. The company acts as sole corporate trustee for associated charitable trusts, including the Lancing College Prize Fund and the Lancing Centenary Endowment Fund. It is an active private limited company incorporated in 1999. The available evidence does not include further detail on curriculum, boarding provision or pupil numbers, but confirms the entity's core role as the operator of the school and its charitable trust arrangements.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk