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 in East London, UK, that manages and supports six primary schools and one secondary school. The trust is committed to providing high-quality education and opportunities for students to thrive in a diverse and inclusive environment.
One of the main focuses of the Tapscott Learning Trust is sustainability. The trust has implemented various initiatives to promote sustainability, such as reducing waste and promoting eco-friendly practices in all its schools. The trust also encourages students to learn about environmental issues and take action to protect the planet.
The trust offers a range of products and services to its schools, including curriculum support, financial management, and human resources support. It also provides professional development opportunities for teachers and staff to enhance their skills and knowledge.
The key people involved in the Tapscott Learning Trust include the Chief Executive Officer, Mr. Paul Harris, and the Board of Directors. The board is responsible for setting the strategic direction of the trust and ensuring that all schools within the trust are meeting their goals and objectives.
For further information, the Tapscott Learning Trust can be contacted through their website, which is www.tapscottlearningtrust.org.uk. The registered office address of the trust is 1 Glen Road, East Ham, London, E6 4ES. Overall, the Tapscott Learning Trust is dedicated to providing quality education and promoting sustainability for the benefit of its students and the community.
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