Industry ranking
Score of 90.2/100 qualifies for PaymentCheck Certification
The average time to pay for THE TAPSCOTT LEARNING TRUST has decreased from 11 days in Sep 2019 - Feb 2020 to 3 days in Mar 2020 - Aug 2020. This shows a significant improvement in payment time over the past year.
The volatility of payment time for THE TAPSCOTT LEARNING TRUST has decreased from 28 days in Sep 2019 - Feb 2020 to 14 days in Mar 2020 - Aug 2020. This indicates that there is less variation in the time taken to pay invoices over the past year.
| 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 | 24 May 2021 | 3 | 99% | 1% | 0% | 47% |
| 01 Mar 2020 - 31 Aug 2020 | 24 May 2021 | 5 | 98% | 2% | 0% | 15% |
| 01 Sept 2019 - 29 Feb 2020 | 05 Mar 2020 | 11 | 99% | 1% | 0% | 84% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Contracts are usually paid in 28 days, but where a suppliers terms are 14 days, then we strive to adhere to that.
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
28
In line with the dispute resolution as agreed in each contract
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 Tapscott Learning Trust is a multi-academy trust registered in England, operating primary schools in Newham, London, including Kensington Primary School and Curwen Primary and Nursery School. As an academy trust, it runs its member schools in partnership, aiming to provide quality education to local communities. The registered entity is the overarching trust body rather than an individual school, with schools such as Kensington Primary describing themselves as part of the trust. Its registered office is hosted at one of its schools. The trust's classified business activity is educational support services, consistent with its role in governing and supporting state-funded primary education across its academies.
Generated from the company's website and Companies House records. Sources: kensington.newham.sch.uk