FUTURE ACADEMIES

PaymentCheck Score 2024
41Poor
vs last year
#4814 in UK
#183 in Education
#1663 in London

Company Information

Company Number
06543442
Registered Address
Pimlico Academy, Lupus Street, London, SW1V 3AT
Status
Active
Employee Count
752
Turnover
£65,537,000
EBITDA
-£1,262,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
25 March 2008
Nature of Business
85200 - Primary education
85310 - General secondary education
Industries
Education
Region
London

Time to Pay

Average Time to Pay
70 days
Shortest Period:14 days
Longest Period:120 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
35%
31-60 Days
20%
After 60 Days
45%
Not Paid Within Terms35%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-11
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Aug 2023 - 29 Feb 202411 Jul 20247035%20%45%35%
01 Mar 2020 - 31 Aug 202020 Oct 20203667%23%11%41%
01 Mar 2019 - 31 Aug 201930 Sept 20193763%26%11%43%

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

Payments within 30 days and longer during school holidays

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

45

Dispute Resolution Process

Please refer to our complaints policy here: https://www.futureacademies.org/Policies/

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.

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

Future Academies is a UK-based educational organization that aims to provide high-quality education and promote sustainability. The organization was founded by Lord and Lady Nash, who have a strong background in education and a keen interest in sustainability.

The organization offers a range of educational services, including primary and secondary schools, teacher training programs, and educational consultancy services. Their schools follow a rigorous curriculum and focus on developing students' academic, moral, and social skills.

In addition to their educational services, Future Academies has a strong sustainability program. They are committed to reducing their carbon footprint and promoting sustainable practices in their schools and communities. This includes using renewable energy sources, reducing waste, and promoting eco-friendly practices among students and staff.

One of the key products of Future Academies is their teacher training program, which aims to equip educators with the skills and knowledge to deliver high-quality education. They also offer educational resources, such as textbooks and online learning materials, to support their curriculum.

The key people behind Future Academies include Lord and Lady Nash, who serve as the organization's founders and trustees. They are supported by a team of experienced educators and sustainability experts who work towards achieving the organization's goals.

For more information on Future Academies and their services, visit their website at www.futureacademies.org. Their registered office address is at Future Academies, 101 Westminster Bridge Road, London, SE1 7HR.

Financial Metrics

Cash
£12,256,000
Net Worth
£195,749,000
Total Current Assets
£15,323,000
Total Current Liabilities
£5,065,000

Company Location