In general, there has been a slight increase in the average time taken for L.E.A.D. ACADEMY TRUST to pay their invoices over the past three periods. However, there was a significant increase in the last period (2021-03-01 to 2021-08-31) compared to the previous two periods.
The percentage of invoices paid within 30 days has fluctuated between 75-81% over the past three periods, with a slight decrease in the last period. The percentage of invoices paid between 31 and 60 days has also varied between 14-21%, with a noticeable increase in the last period. The percentage of invoices paid later than 60 days has remained relatively consistent, ranging from 3-8%. The percentage of invoices not paid within agreed terms has fluctuated between 19-30%, with a slight increase in the last 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 2025 - 28 Feb 2026 | 06 Mar 2026 | 32 | 73% | 21% | 6% | 27% |
| 01 Mar 2025 - 31 Aug 2025 | 25 Sept 2025 | 31 | 74% | 21% | 5% | 26% |
| 01 Sept 2024 - 28 Feb 2025 | 14 Mar 2025 | 36 | 74% | 18% | 8% | 26% |
| 01 Mar 2024 - 31 Aug 2024 | 22 Sept 2024 | 32 | 76% | 19% | 5% | 24% |
| 01 Sept 2023 - 29 Feb 2024 | 07 Mar 2024 | 32 | 78% | 14% | 8% | 8% |
| 01 Mar 2023 - 31 Aug 2023 | 14 Sept 2023 | 35 | 75% | 19% | 6% | 25% |
| 01 Sept 2022 - 28 Feb 2023 | 07 Mar 2023 | 34 | 75% | 18% | 7% | 25% |
| 01 Mar 2022 - 31 Aug 2022 | 15 Sept 2022 | 28 | 81% | 14% | 5% | 19% |
| 01 Sept 2021 - 28 Feb 2022 | 10 Mar 2022 | 31 | 75% | 17% | 8% | 25% |
| 01 Mar 2021 - 31 Aug 2021 | 04 Oct 2021 | 25 | 75% | 20% | 5% | 25% |
| 01 Sept 2020 - 28 Feb 2021 | 10 Mar 2021 | 23 | 80% | 17% | 3% | 20% |
| 01 Mar 2020 - 31 Aug 2020 | 16 Sept 2020 | 25 | 71% | 24% | 5% | 29% |
| 01 Sept 2019 - 29 Feb 2020 | 12 Mar 2020 | 20 | 80% | 16% | 4% | 20% |
| 01 Mar 2019 - 31 Aug 2019 | 26 Sept 2019 | 21 | 78% | 16% | 6% | 22% |
| 01 Sept 2018 - 28 Feb 2019 | 13 Mar 2019 | 30 | 70% | 21% | 9% | 30% |
| 01 Mar 2018 - 31 Aug 2018 | 12 Sept 2018 | 22 | 76% | 19% | 5% | 24% |
| 01 Sept 2017 - 28 Feb 2018 | 16 Mar 2018 | 19 | 80% | 17% | 3% | 20% |
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 the supplier terms 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.
❌
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.
❌
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.
❌
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
L.E.A.D. Academy Trust is a multi-academy trust registered as a company limited by guarantee. It is the operator behind schools within its group, including Cloudside Academy, a two-form entry primary school in Sandiacre, on the border of Derby and Nottingham. The trust provides governance and administration for its member academies, which deliver primary and secondary education under the SIC classifications for primary and general secondary education. Cloudside Academy itself offers primary schooling for up to 320 pupils, with facilities including a swimming pool, playing fields and an allotment, alongside breakfast and after-school clubs and a curriculum tailored to pupils' needs.
Generated from the company's website and Companies House records. Sources: cloudsideacademy.co.uk · cloudsideacademy.co.uk