Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 81.7/100 qualifies for PaymentCheck Certification
| 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 2022 - 28 Feb 2023 | 22 Mar 2023 | 28 | 79% | 16% | 5% | 21% |
| 01 Mar 2022 - 31 Aug 2022 | 27 Sept 2022 | 29 | 79% | 14% | 7% | 21% |
| 01 Sept 2021 - 28 Feb 2022 | 18 Mar 2022 | 28 | 78% | 17% | 5% | 22% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 27 | 80% | 14% | 7% | 20% |
| 01 Sept 2020 - 28 Feb 2021 | 23 Mar 2021 | 26 | 83% | 12% | 5% | 17% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 34 | 75% | 18% | 8% | 25% |
| 01 Sept 2019 - 29 Feb 2020 | 13 Mar 2020 | 28 | 75% | 20% | 5% | 25% |
| 01 Mar 2019 - 31 Aug 2019 | 26 Sept 2019 | 27 | 81% | 14% | 6% | 19% |
| 01 Sept 2018 - 28 Feb 2019 | 15 Mar 2019 | 26 | 82% | 15% | 3% | 18% |
| 01 Sept 2017 - 28 Feb 2018 | 23 Mar 2018 | 25 | 79% | 17% | 4% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most payment terms are 30 days, however some are 14 days and others are end of month following date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
The dispute is taken up by the authoriser of the goods/services with the suppler. Payment is withheld until the dispute is resolved. Once resolved, the appropriate payment is made immediately
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
Loughborough Schools Foundation is a private company limited by guarantee, previously registered as Loughborough Endowed Schools until May 2018. Its stated business activities cover pre-primary, primary and general secondary education, indicating that it operates or oversees a group of schools in Loughborough. It was incorporated in July 2000 and remains active, filing group accounts with Companies House. As a company limited by guarantee, it is structured as a non-profit educational body rather than a trading business, consistent with running independent schools spanning nursery through to secondary age groups.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · formationdata.co.uk