Industry ranking
Score of 91.9/100 qualifies for PaymentCheck Certification
The average time to pay for TOVE LEARNING TRUST has remained consistent at 11-12 days over the past three periods. However, there has been a slight increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31-60 days. The percentage of invoices paid later than 60 days has also decreased over the past three periods.
The volatility for TOVE LEARNING TRUST is relatively low, as the company has maintained an average time to pay of 11-12 days and has consistently paid the majority of invoices within 30 days.
From Sep 2020 to Feb 2023, TOVE LEARNING TRUST has maintained an average time to pay of 11-12 days. The company has consistently paid over 90% of invoices within 30 days, with the percentage increasing from 94% to 97% over the past three periods. The percentage of invoices paid between 31-60 days has slightly decreased, while the percentage of invoices paid later than 60 days has significantly decreased from 1% to 0%. The shortest (or only) standard payment period for the company remains at 7 days.
| 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 | 27 Mar 2026 | 13 | 95% | 4% | 1% | 34% |
| 01 Mar 2025 - 31 Aug 2025 | 08 Sept 2025 | 12 | 96% | 4% | 0% | 27% |
| 01 Sept 2024 - 28 Feb 2025 | 13 Mar 2025 | 12 | 95% | 4% | 1% | 30% |
| 01 Mar 2024 - 31 Aug 2024 | 20 Sept 2024 | 11 | 97% | 3% | 0% | 33% |
| 01 Sept 2023 - 29 Feb 2024 | 18 Mar 2024 | 12 | 97% | 2% | 1% | 30% |
| 01 Mar 2023 - 31 Aug 2023 | 19 Sept 2023 | 12 | 97% | 2% | 1% | 47% |
| 01 Sept 2022 - 28 Feb 2023 | 08 Mar 2023 | 12 | 95% | 4% | 1% | 33% |
| 01 Mar 2022 - 31 Aug 2022 | 29 Sept 2022 | 12 | 96% | 3% | 1% | 27% |
| 01 Sept 2021 - 28 Feb 2022 | 26 Apr 2022 | 12 | 95% | 4% | 1% | 27% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 12 | 97% | 2% | 1% | 22% |
| 01 Sept 2020 - 28 Feb 2021 | 06 Apr 2021 | 11 | 95% | 5% | 0% | 5% |
| 01 Mar 2020 - 31 Aug 2020 | 20 Oct 2020 | 11 | 94% | 5% | 1% | 23% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | |||||
| 01 Sept 2019 - 29 Feb 2020 | 20 Mar 2020 | 11 | 97% | 2% | 1% | 29% |
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 invoice
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
Each school manages their own disputes
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
Tove Learning Trust is a registered UK company classified under general secondary education. Companies House records show its registered office in Towcester, Northamptonshire, the same address used by Sponne School. Evidence from the associated Grand Union Teacher Training Partnership (GUTP) website lists Tove Learning Trust as one of its associated sites, alongside Sponne School and Swan Training School. GUTP itself is a school-centred initial teacher training consortium operating across Northamptonshire, Oxfordshire and Milton Keynes, providing school-based placements leading to Qualified Teacher Status and a PGCE. The available evidence does not describe Tove Learning Trust's own operations in detail beyond its administrative link to this partnership and its schools classification.
Generated from the company's website and Companies House records. Sources: gutp.co.uk · gutp.co.uk