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Their own payment-practices filing · gov.uk

London Academies Enterprise Trust paid suppliers in 27 days on average — within its stated 14–30 day terms

CRN 07211219 · 6 statutory reports on record · period to 31 Aug 2020

Dated record. The latest report covers a period ending 31 Aug 2020 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
27daysavg time to pay · H1 2020

Their H1 2020 filing put the average 13 days past the shortest term they state (14 days), still within their 30-day upper term.

Their stated terms
14–30 days
Paid outside agreed terms
35% of invoices
Paid after 61+ days
13%
Reporting period
1 Mar 2020 – 31 Aug 2020
Source
their gov.uk filing, filed 30 Sept 2020

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2020 filing

Paid within their stated range — 27 against 14–30 days

The pattern · last 6 of 6 reports

Held steady around 27 days

The read · computed from their figures

London Academies Enterprise Trust's H1 2020 filing put their average at 27 days against stated terms of 14–30 days; 35% of invoices were paid outside agreed terms and 13% took 61 days or longer. Filed 30 Sept 2020.

The pattern is steady — their reported average moves within about ±8 days period to period.

That is 6 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Unless otherwise stated in the Order, LAET shall pay the Price of the Goods and the Services within 30 days after receipt by LAET of a proper invoice or, if later, after acceptance of the Goods or Services in question by LAET.

Dispute resolution

Escalated to senior management within the parent company AET and the management of the supplying company.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20202735%13%30 Sept 2020
H1 20202738%9%6 Apr 2020
H1 20194339%11%26 Sept 2019
H1 20194145%17%27 Mar 2019
H1 20183040%11%28 Sept 2018
H1 20182828%7%29 Mar 2018

Illustrative · working-capital arithmetic

What a 27-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 27-day vs a 14-day payment cycle.

≈ £10,500
of invoicing outstanding at any one time on a 27-day cycle — about £5,100 more than the same account would carry at 14-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · London Academies Enterprise Trust

Are they getting slower or faster?
Their reported average was steady — within about ±8 days period to period, around 27 days.
What's their typical pay point?
Their latest reports averaged around day 27, moving within about ±8 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-07211219 · latest period to 31 Aug 2020

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