THE CORVUS LEARNING TRUST exhibits an average payment time of 35 days, indicating a consistent trend of settling invoices slightly beyond typical 30-day terms. While a majority (63%) of payments are made within 30 days, a notable 37% extend into the 31-60 day or over 60-day windows. This suggests a predictable but slightly extended overall payment cycle for a significant portion of invoices.
Payment reliability shows moderate volatility, with a strong core of prompt payments (63% within 30 days) contrasted by a significant tail of extended delays. The 15% of payments taking over 60 days, combined with a 16% late payment rate, introduces an element of unpredictability and elevated financial risk for suppliers. This variability necessitates factoring in potential cash flow disruptions for almost one in six transactions.
Suppliers should anticipate an average payment period of 35 days, with a reasonable expectation of prompt payment for the majority of invoices. However, the 15% of payments exceeding 60 days and 16% categorised as late present a tangible risk to cash flow planning. To mitigate this, consider implementing stricter payment terms, offering incentives for early payment, or adjusting credit limits to account for potential extended delays.
| 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 | 18 Mar 2025 | 38 | 64% | 20% | 16% | 19% |
| 01 Sept 2023 - 29 Feb 2024 | 20 Jun 2024 | 32 | 67% | 21% | 12% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Supplier payment terms
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
Complaints or concerns will be considered by the Business Manager in each school or the Chief Business and Finance Officer of the Trust and resolved with the supplier as quickly as possible.
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 CORVUS LEARNING TRUST operates as an educational organisation, structured as a private limited company by guarantee without share capital. This corporate form indicates its function as a trust, typically focused on public benefit or charitable activities within the learning sector.
The trust holds an active status, registered with company number 11045796, and was incorporated on 3 November 2017. Its registered office is located at Sandhurst School, Owlsmoor Road, Sandhurst, England, GU47 0SD, placing its operations within the South East region.
As a learning trust, this type of organisation typically specialises in the provision and governance of educational institutions, such as academies or schools, within the UK. Their activities encompass delivering a structured curriculum and fostering learning environments to support student achievement and development.