The average time to pay for GIRLS' LEARNING TRUST has increased from 2 days in Sep 2018 - Feb 2019 to 5 days in Mar 2019 - Aug 2019. Currently, the data for Sep 2020 - Feb 2021 is missing, but the trend seems to be increasing.
The volatility for GIRLS' LEARNING TRUST is quite low, as the percentages for invoices paid within 30 days, between 31 and 60 days, and later than 60 days have remained relatively consistent over the three periods. However, there has been a slight increase in the percentage of invoices paid later than 60 days.
From Sep 2018 - Feb 2019, GIRLS' LEARNING TRUST had an average time to pay of 2 days, with 97% of invoices paid within 30 days, 2% paid between 31 and 60 days, and 1% paid later than 60 days. There were no invoices not paid within agreed terms during this period.
| 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 2020 - 28 Feb 2021 | 18 May 2021 | |||||
| 01 Mar 2019 - 31 Aug 2019 | 04 Nov 2019 | 5 | 98% | 1% | 1% | 0% |
| 01 Sept 2018 - 28 Feb 2019 | 04 Nov 2019 | 2 | 97% | 2% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Generally 30 days average but suppliers are paid as soon as invoices are entered on the financial system.
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
Any issues are resolved directly with suppliers on a case by case basis.
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
Girls' Learning Trust is a charitable multi-academy trust registered in England and Wales, formed in September 2015. It comprises three all-girls, state-funded schools in the London Borough of Sutton: Nonsuch High School for Girls, Wallington High School for Girls and Carshalton High School for Girls. Described as the largest all-girls, all-state-funded multi-academy trust in the UK, it educates over 4,500 students aged 11 to 18 with almost 500 staff, and operates across three large sites with a financial turnover of £30m. The Trust supports school performance while allowing individual schools autonomy over teaching and curriculum, and is currently in discussions to bring an additional school into its membership.
Generated from the company's website and Companies House records. Sources: girlslearningtrust.org · girlslearningtrust.org