| 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 2025 - 28 Feb 2026 | 03 Mar 2026 | 35 | 72% | 16% | 12% | 37% |
| 01 Mar 2025 - 31 Aug 2025 | 30 Sept 2025 | 49 | 64% | 19% | 17% | 46% |
| 01 Sept 2024 - 28 Feb 2025 | 11 Mar 2025 | 45 | 56% | 23% | 21% | 52% |
| 01 Mar 2024 - 31 Aug 2024 | 25 Sept 2024 | 36 | 68% | 22% | 11% | 46% |
| 01 Sept 2023 - 29 Feb 2024 | 25 Mar 2024 | 38 | 58% | 28% | 14% | 53% |
| 01 Sept 2022 - 28 Feb 2023 | 23 Mar 2023 | 37 | 58% | 27% | 15% | 51% |
| 01 Mar 2022 - 31 Aug 2022 | 27 Sept 2022 | 32 | 67% | 23% | 10% | 42% |
| 01 Sept 2021 - 28 Feb 2022 | 23 Mar 2022 | 32 | 64% | 25% | 11% | 43% |
| 01 Mar 2021 - 31 Aug 2021 | 28 Sept 2021 | 32 | 71% | 20% | 9% | 36% |
| 01 Sept 2020 - 28 Feb 2021 | 26 Mar 2021 | 33 | 64% | 25% | 11% | 41% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 33 | 65% | 26% | 9% | 42% |
| 01 Sept 2019 - 29 Feb 2020 | 25 Mar 2020 | 35 | 60% | 28% | 12% | 45% |
| 01 Mar 2019 - 31 Aug 2019 | 26 Sept 2019 | 32 | 72% | 22% | 8% | 36% |
| 01 Sept 2018 - 28 Feb 2019 | 22 Mar 2019 | 52 | 63% | 22% | 15% | 48% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 38 | 45% | 45% | 10% | 62% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days from the date of the invoice. However, in certain circumstances where the supplier may have cashflow challenges, we will reduce payment terms to either 7, 14, 21 or 28 days by agreement.
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
The Trust operates a purchase order system so that, as far as is possible, invoices must be matched to an approved purchase order prior to payment. This minimises payment disputes. If the goods or services invoiced have not been received in full, are not of sufficient quality, or the invoice details are incorrect, the invoice will not be paid. Initially, and in most cases, the dispute may be resolved by the academy contacting the supplier. If the issue cannot be resolved at academy level, then the supplier can escalate their dispute to the central Trust finance team for resolution.
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
City of London Academies Trust is a multi-academy trust operating 12 academies across five London boroughs, spanning Islington, Newham, Hackney, Southwark and Lambeth. It runs primary and secondary schools, aiming to deliver strong academic outcomes and personal development opportunities for pupils. The trust is linked to the City of London Corporation, which funds extra-curricular programmes at its schools. It has previously been recognised as a top-performing academy sponsor and for progress made by disadvantaged pupils. The organisation also promotes teacher training routes into its academies. Registered in England, the trust's registered office is at the Guildhall in the City of London.
Generated from the company's website and Companies House records. Sources: cola.org.uk · cola.org.uk