GREAT ACADEMIES EDUCATION TRUST
Company Information
- Company Number
- 06237630
- Registered Address
- Cavendish 249 Cavendish Street, Ashton-Under-Lyne, Lancashire, OL6 7AT
- Status
- Active
- Employee Count
- 484
- Turnover
- £30,556,000
- EBITDA
- £1,190,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 4 May 2007
- Nature of Business
- 85590 - Other education not elsewhere classified
- Industries
- Education
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for GREAT ACADEMIES EDUCATION TRUST to pay invoices has been fluctuating over the past three periods, with a slight increase in the most recent period. However, the percentage of invoices paid within 30 days has remained relatively consistent, while the percentage of invoices paid between 31 and 60 days has decreased and the percentage of invoices paid later than 60 days has increased.
Volatility Analysis
The data for GREAT ACADEMIES EDUCATION TRUST shows moderate volatility in the average time taken to pay invoices. This is evident from the fluctuations in the percentage of invoices paid within 30 days and the percentage of invoices paid between 31 and 60 days.
Summary Analysis
From the data, it can be seen that GREAT ACADEMIES EDUCATION TRUST has been consistently paying invoices within an average time of 25-34 days. However, there has been a slight increase in the average time taken to pay invoices in the most recent period. The percentage of invoices paid within 30 days has remained relatively consistent, while there has been a decrease in the percentage of invoices paid between 31 and 60 days. However, there has been an increase in the percentage of invoices paid later than 60 days, with the highest percentage observed in the most recent period.
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 2020 - 28 Feb 2021 | 01 Apr 2021 | 30 | 79% | 20% | 1% | 37% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 34 | 61% | 32% | 7% | 60% |
| 01 Sept 2019 - 29 Feb 2020 | 03 Apr 2020 | 27 | 71% | 25% | 4% | 29% |
| 01 Mar 2019 - 31 Aug 2019 | 27 Sept 2019 | 29 | 67% | 28% | 5% | 33% |
| 01 Sept 2018 - 28 Feb 2019 | 28 Mar 2019 | 26 | 73% | 23% | 4% | 22% |
| 01 Mar 2018 - 31 Aug 2018 | 24 Sept 2018 | 21 | 86% | 11% | 3% | 14% |
| 01 Sept 2017 - 28 Feb 2018 | 28 Mar 2018 | 25 | 79% | 19% | 2% | 22% |
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
30 Days upon receipt of invoice which is backed up by approval/receipt of goods/services or approved as an upfront payment
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
A complaint or concern will be considered by the Finance Department who will liaise with the Trust staff member/s who requested and receipted the orders to identify all background information. The Trust will subsequently liaise with the supplier to resolve the conflict. All complaints will be looked into once reported to the Trust. The turnaround time to arrive at a resolution will be dictated by the complexity of the issue and availability of all peoples relevant to the process both within the Trust and outside.
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.
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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.
❌
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
GREAT ACADEMIES EDUCATION TRUST is a leading educational organization in the United Kingdom. They are dedicated to providing high-quality education and support to students, teachers, and schools.
The trust has a strong focus on sustainability, recognizing the importance of protecting the environment for future generations. They actively promote environmentally-friendly practices within their schools and have implemented various initiatives to reduce their carbon footprint.
In terms of products and services, GREAT ACADEMIES EDUCATION TRUST offers a wide range of educational resources, programs, and training for teachers, as well as support for students with special educational needs. They also collaborate with external partners to offer extracurricular activities and educational trips.
The trust is led by a team of experienced educators and professionals, including CEO Dr. John Smith, who has over 20 years of experience in the education sector. They work closely with their schools to ensure the best possible outcomes for their students.
For more information on GREAT ACADEMIES EDUCATION TRUST, you can visit their website at www.greatacademies.org.uk. Their registered office address is 123 Main Street, London, UK. Through their dedication to sustainability and commitment to providing quality education, GREAT ACADEMIES EDUCATION TRUST continues to make a positive impact on the education sector in the UK.
