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Their own payment-practices filing · gov.uk

Kernow Learning Multi Academy Trust pays suppliers in 16 days on average — within its stated 7–30 day terms

CRN 07394649 · Education · 10 statutory reports on record · period to 31 Aug 2026

16daysavg time to pay · H1 2026

Their H1 2026 filing puts the average 9 days past the shortest term they state (7 days), still within their 30-day upper term.

Faster than mostvs a 31-day median across 6,104 recent filers
Their stated terms
7–30 days
Paid outside agreed terms
4% of invoices
Paid after 61+ days
3%
Reporting period
1 Mar 2026 – 31 Aug 2026
Source
their gov.uk filing, filed 28 Sept 2026

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

Terms vs reality · their H1 2026 filing

Paid within their stated range — 16 against 7–30 days

The pattern · last 6 of 10 reports

Holding steady around 16 days

The read · computed from their figures

Kernow Learning Multi Academy Trust's H1 2026 filing puts their average at 16 days against stated terms of 7–30 days; 4% of invoices were paid outside agreed terms and 3% took 61 days or longer. Filed 28 Sept 2026.

The pattern is steady — their reported average moves within about ±2 days period to period.

On the latest reported averages: Faster than 85% of the 309 large companies reporting in education.

That is 10 statutory periods on record (earliest H1 2022) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

We have no prescribed standard payment terms as such. Our payment terms will follow those prescribed by our suppliers, which are normally 30 days

Dispute resolution

Complaints: resolution achieved through initial contact with finance staff, who will interrogate finance system to confirm payment date/payment due date. Finance staff routinely reconcile supplier statements to the finance system and request copy invoices if undisputed invoices remain unpaid. The Finance function is centralised: the Trust is continually working to ensure that the majority of invoices for payment should be sent to the central location rather than the individual schools, to maximize efficiency of receipting and processing of invoices within the 30 day period. Our finance team work with a skeleton staff during school holidays, but there is still an expectation for suppliers to acknowledge our main term time working periods. Disputes: invoices will be disputed in instances o

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026164%3%28 Sept 2026
H1 2026138%1%17 May 2026
H1 20251410%2%28 Sept 2025
H1 20251512%2%9 Apr 2025
H1 20241716%3%11 Feb 2025
H1 20241513%3%11 Feb 2025
H1 20231414%3%15 Dec 2023
H1 2023159%1%24 May 2023
H1 20222510%1%9 Nov 2022
H1 20222526%8%31 Mar 2022

On the public register · Companies House

Company record

Status
Active
Type
PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Incorporated
1 Oct 2010
Registered office
THE OLD CRICKET PAVILION, NEWQUAY, TR7 2JU
0 outstanding charges on the register Accounts due 31 May 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 16-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 16-day vs a 7-day payment cycle.

≈ £6,500
of invoicing outstanding at any one time on a 16-day cycle — about £3,500 more than the same account would carry at 7-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 · Kernow Learning Multi Academy Trust

Are they getting slower or faster?
Their reported average is steady — within about ±2 days period to period, around 16 days.
What's their typical pay point?
Their latest reports average around day 16, moving within about ±2 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-07394649 · latest period to 31 Aug 2026

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