The average time taken by L.E.A.D. TRUST to pay invoices has increased from 2017 to 2018 but no data is available for the following years. The percentage of invoices paid within 30 days has decreased while the percentage of invoices paid between 31 and 60 days has increased. The percentage of invoices paid later than 60 days has also increased.
The average time taken by L.E.A.D. TRUST to pay invoices has shown a slight increase over the available data periods. The percentage of invoices paid within 30 days has fluctuated between 75% and 78%. The percentage of invoices paid between 31 and 60 days has fluctuated between 18% and 20%. The percentage of invoices paid later than 60 days has fluctuated between 4% and 5%. The percentage of invoices not paid within agreed terms has remained steady at 22-25%.
From Sep 2017 to Feb 2018, L.E.A.D. TRUST took an average of 20 days to pay invoices, with 78% of invoices paid within 30 days, 18% paid between 31 and 60 days, and 4% paid later than 60 days. From Mar 2018 to Aug 2018, the average time taken to pay invoices increased to 22 days, with 75% paid within 30 days, 20% paid between 31 and 60 days, and 5% paid later than 60 days. No data is available for the following years.
| 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 Mar 2023 - 31 Aug 2023 | 14 Sept 2023 | |||||
| 01 Sept 2022 - 28 Feb 2023 | 07 Mar 2023 | |||||
| 01 Mar 2022 - 30 Aug 2022 | 15 Sept 2022 | |||||
| 01 Sept 2021 - 28 Feb 2022 | 10 Mar 2022 | |||||
| 01 Mar 2021 - 31 Aug 2021 | 04 Oct 2021 | |||||
| 01 Sept 2020 - 28 Feb 2021 | 10 Mar 2021 | |||||
| 01 Mar 2020 - 31 Aug 2020 | 16 Sept 2020 | |||||
| 01 Sept 2019 - 29 Feb 2020 | 12 Mar 2020 | |||||
| 01 Mar 2019 - 31 Aug 2019 | 26 Sept 2019 | |||||
| 01 Sept 2018 - 28 Feb 2019 | 13 Mar 2019 | |||||
| 01 Mar 2018 - 31 Aug 2018 | 12 Sept 2018 | 22 | 75% | 20% | 5% | 25% |
| 01 Sept 2017 - 28 Feb 2018 | 09 Mar 2018 | 20 | 78% | 18% | 4% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Pay all sums due to the contractor/ supplier within 30 days or receipt of a valid undisputed 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
If the Trust receives an invoice which it reasonably believes includes a sum which is not valid and properly due or any other inaccuracy which renders the invoice invalid (a "disputed invoice"); notify the supplier/ contractor in writing as soon as reasonably practicable; to the extent the disputed element is readily identifiable, the Customer shall pay any element of the disputed invoice which is not in dispute by its due date; once the dispute has been resolved, where either Party is required to make a balancing payment, it shall do so within 5 working days and, where the Contractor is required to issue a credit note and/ or fresh invoice, it shall do so within 5 working days.
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
L.E.A.D. TRUST is a UK-based organization committed to empowering and supporting individuals and communities through sustainable development initiatives. Their mission is to create a positive impact on society by providing education, resources, and opportunities for growth and development.
The organization's sustainability program focuses on promoting environmental conservation, social responsibility, and economic stability. They have implemented various projects and partnerships to achieve these goals, such as promoting sustainable farming practices and supporting renewable energy initiatives.
L.E.A.D. TRUST also offers a range of products and services, including educational programs, leadership training, and community development projects. These aim to equip individuals and communities with the necessary skills and resources to become self-sufficient and contribute to a more sustainable future.
The key people behind L.E.A.D. TRUST are a dedicated team of professionals, volunteers, and partners who work together to achieve the organization's goals. Their registered office address is in London, and they can be contacted through their website, which is www.leadtrust.org.
In conclusion, L.E.A.D. TRUST is a socially responsible organization that is actively working towards creating a sustainable future for all. Through their various programs, products, and services, they are making a positive impact on society, and their efforts are commendable.