CITY OF LONDON ACADEMIES TRUST
Company Information
- Company Number
- 04504128
- Registered Address
- North Wing, Guildhall, Gresham Street, London, England, EC2V 7HH
- Status
- Active
- Employee Count
- 1,095
- Turnover
- £98,706,000
- EBITDA
- £15,696,000
Additional Details
- Website
- https://cola.org.uk/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 6 August 2002
- Nature of Business
- 85200 - Primary education85310 - General secondary education
- Industries
- Education
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2023 - 29 Feb 2024 | 25 Mar 2024 | 38 | 58% | 28% | 14% | 53% |
| 01 Sept 2022 - 28 Feb 2023 | 23 Mar 2023 | 37 | 58% | 27% | 15% | 51% |
| 01 Mar 2022 - 31 Aug 2022 | 27 Sept 2022 | 32 | 67% | 23% | 10% | 42% |
| 01 Sept 2021 - 28 Feb 2022 | 23 Mar 2022 | 32 | 64% | 25% | 11% | 43% |
| 01 Mar 2021 - 31 Aug 2021 | 28 Sept 2021 | 32 | 71% | 20% | 9% | 36% |
| 01 Sept 2020 - 28 Feb 2021 | 26 Mar 2021 | 33 | 64% | 25% | 11% | 41% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 33 | 65% | 26% | 9% | 42% |
| 01 Sept 2019 - 29 Feb 2020 | 25 Mar 2020 | 35 | 60% | 28% | 12% | 45% |
| 01 Sept 2018 - 28 Feb 2019 | 22 Mar 2019 | 52 | 63% | 22% | 15% | 48% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 30 days from the date of the invoice. However, in certain circumstances where the supplier may have cashflow challenges we will reduce payment terms to either 7, 14, 21 or 28 days by agreement.
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
Dispute Resolution Process
The Trust operates a purchase order system so that, as far as is possible, invoices must be matched to an approved purchase order prior to payment. This minimises payment disputes. If the goods or services invoiced have not been received in full, are not of sufficient quality, or the invoice details are incorrect, the invoice will not be paid until this has been resolved. Initially, and in most cases, the dispute may be resolved by the academy contacting the supplier or the supplier contacting the academy finance team directly. If the issue cannot be resolved at academy level, then the supplier can escalate their dispute to the central Trust finance team for resolution.
Other Payment Information
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
The City of London Academies Trust is a multi-academy trust that oversees the management and operation of nine schools in London. Their mission is to provide high-quality education to students from diverse backgrounds and help them achieve their full potential.
One of the key focus areas of the trust is sustainability, and they have implemented various initiatives to promote environmental awareness and responsibility among students and staff. These include recycling programs, energy-saving measures, and promoting sustainable modes of transportation.
The trust offers a wide range of educational services to its students, including academic and vocational courses, extracurricular activities, and support for special educational needs. They also have a strong commitment to providing a safe and inclusive learning environment for all students.
The key people at the trust include the Board of Trustees, who are responsible for setting the strategic direction and overseeing the performance of the schools, and the Executive Leadership Team, who manage the day-to-day operations of the trust.
For more information about the City of London Academies Trust, including their sustainability program and services, their website address is www.cityacademiestrust.org and their registered office address is City of London Academy Trust, 9th Floor, 33 Holborn, London, EC1N 2HT.
