The average time to pay for THE SHARED LEARNING TRUST has increased over the past three periods, from 34 days in Sep 2017 to 38.7 days in Feb 2019. This increase is mainly due to a rise in the percentage of invoices paid later than 60 days, which has increased from 10% to 16%.
The volatility in the average time to pay for THE SHARED LEARNING TRUST is relatively low, with only a 4.7 day difference between the lowest and highest average time to pay in the past three periods.
| 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 2017 - 28 Feb 2018 | 22 Mar 2018 | 34 | 57% | 33% | 10% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard length of time for payment of invoices is 30 days.
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 business’ process for resolving disputes related to payment is to first ascertain whether a purchase order was raised for the goods/services. An official purchase order should be raised for all goods and services, except those using petty cash or where the Financial Director approves otherwise. If an order has been raised, correspondence with the member of staff who order the goods or the budget holder will usually pinpoint why there is a delay in approving the invoice for payment. Any concerns will be conveyed to the supplier to see how to remedy the situation.
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
The Shared Learning Trust is the registered charitable company operating The Chalk Hills Academy, a secondary school in Luton for pupils aged 11 to 16 with a sixth form. The academy is part of Advantage Schools, a multi-academy trust based in Bedford that also runs several other primary and secondary schools. The trust provides mainstream academic education, including GCSE and A Level provision, alongside pastoral support, careers guidance and extra-curricular activities such as the Duke of Edinburgh's Award. It serves local families in the Luton and Kempston area and publishes admissions, curriculum and governance information for the school it maintains.
Generated from the company's website and Companies House records. Sources: chalkhills.thesharedlearningtrust.org.uk · chalkhills.thesharedlearningtrust.org.uk