| 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 Feb 2019 - 31 Jul 2019 | 23 Dec 2019 | 22 | 67% | 33% | 0% | 15% |
| 01 Aug 2018 - 31 Jan 2019 | 17 Jul 2019 | 24 | 67% | 32% | 1% | 15% |
| 01 Aug 2017 - 31 Jan 2018 | 08 Mar 2018 | 26 | 61% | 37% | 2% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Supplier or product invoices we aim to pay 30 days after the date of invoice unless the standard supplier terms are longer The Foundation has different payment terms which are agreed with contracts at the start of a major building contract. On vehicle travel invoices we pay once the travel using the vehicle has taken place as greed with the supplier. Where a direct debit arrangement has been set up with a supplier, it is the supplier's responsibility to make sure payment is taken at the correct time.
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
60
In the first instance the accounts department will contact the supplier to discuss the problem, this will happen as soon as it Is established there is a complaint or dispute on either side. The accounts team will liaise with the internal department within the Foundation whom asked for the goods or service to confirm any issues they may have, a further communication will then take place with the supplier, a simple query will be sorted out within a short period of time. A more complicated dispute with a contract may take longer depending on the nature of the dispute and ultimately could be referred to The Foundations solicitors.
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 Leys and St Faith's Schools Foundation is a registered company based at The Leys School in Cambridge. Companies House records list its nature of business as primary education and general secondary education, and it files group accounts alongside board changes for the schools it oversees. The foundation operates as a charitable body governing The Leys School and St Faith's School, both independent schools in Cambridge, rather than trading commercially itself. It is a private company limited by guarantee without share capital, incorporated in 2011, and remains active with regular confirmation statements and group accounts filed at Companies House.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk