LINGFIELD EDUCATION TRUST
Company Information
- Company Number
- 08027885
- Registered Address
- C/O Corporation Road Community Primary School, Corporation Road, Darlington, County Durham, United Kingdom, DL3 6AR
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 12 April 2012
- Nature of Business
- 85200 - Primary education
- Industries
- Coming Soon
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
LINGFIELD EDUCATION TRUST demonstrates a generally prompt payment trend with an average of 27 days and 85% of invoices settled within 30 days. However, a significant 45% of payments are classified as late, indicating inconsistencies in adhering to contractual payment due dates despite the quick average. This suggests a trajectory where a substantial portion of payments consistently fall outside agreed terms, even if often within a broader month-end cycle.
Volatility Analysis
While 85% of payments are prompt, the remaining 15% extend beyond 30 days, with 5% taking over 60 days, introducing a notable level of unpredictability for supplier cash flow. The substantial 45% late payment rate indicates a moderate risk of unreliable adherence to precise payment terms, making it challenging to forecast exact settlement dates for a significant portion of invoices.
Summary Analysis
Suppliers should approach LINGFIELD EDUCATION TRUST with cautious optimism; while most payments are quick, the high late payment percentage and extended tail for some invoices pose a cash flow risk. It is recommended to establish clear and possibly shorter payment terms, actively monitor invoice due dates, and consider implementing late payment clauses or progressive invoicing for larger contracts to mitigate potential delays.
Performance Reports History
| 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 2024 - 28 Feb 2025 | 26 Mar 2025 | 27 | 85% | 10% | 5% | 45% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The most frequently used payment term 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
Dispute Resolution Process
On receipt of invoices the information is checked for accuracy and that goods and services have been received as contracted. In the event of a discrepancy, suppliers will be contacted with the aim of resolving the dispute as soon as possible.
Other Payment Information
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
LINGFIELD EDUCATION TRUST operates as an educational organisation, structured as a Private Limited Company by guarantee without share capital. This company type, coupled with the 'Limited' exemption, indicates its establishment for public benefit, typically for managing or overseeing educational institutions.
The company is active under company number 08027885 and was incorporated on 12 April 2012. Its registered office is located at C/O Corporation Road Community Primary School, Corporation Road, Darlington, County Durham, within the North East of England.
As an education trust in the UK, this type of organisation typically provides governance and operational oversight for schools. This involves responsibilities such as curriculum development, staff management, financial administration, and strategic planning to ensure high educational standards across its institutions.
