GREENWOOD ACADEMIES TRUST
Company Information
- Company Number
- 06864339
- Registered Address
- Greenwood House Colwick Quays Business Park, Private Road No 2, Colwick, Nottingham, NG4 2JY
- Status
- Active
- Employee Count
- 3,072
- Turnover
- £161,174,000
- EBITDA
- £20,118,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 31 March 2009
- Nature of Business
- 85200 - Primary education85310 - General secondary education
- Industries
- Education,Professional Services
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for GREENWOOD ACADEMIES TRUST to pay invoices to suppliers has been decreasing steadily over the past three periods, with a decrease of 2 days from 2020-09-01 to 2023-03-01. This shows that the company is becoming more efficient in their payment processes.
Volatility Analysis
The volatility in the average time taken to pay invoices has been relatively low, with only a 2 day difference between the shortest and longest periods.
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 | 08 Mar 2024 | 29 | 71% | 20% | 9% | 33% |
| 01 Mar 2023 - 31 Aug 2023 | 18 Sept 2023 | 26 | 72% | 21% | 7% | 35% |
| 01 Sept 2022 - 28 Feb 2023 | 07 Mar 2023 | 28 | 71% | 21% | 8% | 33% |
| 01 Mar 2022 - 31 Aug 2022 | 29 Sept 2022 | 28 | 74% | 19% | 7% | 34% |
| 01 Sept 2021 - 28 Feb 2022 | 22 Mar 2022 | 27 | 73% | 20% | 7% | 34% |
| 01 Mar 2021 - 31 Aug 2021 | 19 Oct 2021 | 29 | 72% | 22% | 6% | 38% |
| 01 Sept 2020 - 28 Feb 2021 | 23 Mar 2021 | 30 | 68% | 23% | 9% | 39% |
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
Our standard payment terms are 30 days from the date of invoice. In some cases a shorter time period has been agreed with the supplier.
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
If there are any queries on the invoice then Finance Staff contact the supplier to resolve the issue, and payment is not made until this is done. This can cause payments to appear to be paid late. A number of our key suppliers have payment terms of 14 days which can sometimes be challenging to meet.
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.
❌
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
Greenwood Academies Trust is a multi-academy trust based in the United Kingdom that operates a network of over 30 schools. The trust focuses on providing high-quality education and opportunities for children and young people in the communities they serve.
One of the key priorities of Greenwood Academies Trust is sustainability. The trust is committed to reducing its environmental impact and promoting sustainable practices across all its schools. This includes initiatives such as recycling, energy conservation, and promoting eco-friendly transportation methods.
In addition to its sustainability efforts, Greenwood Academies Trust offers a range of products and services to support the education and development of its students. These include a comprehensive curriculum, extracurricular activities, and support for students with special educational needs.
The trust is led by CEO Wayne Norrie, who works closely with a team of experienced leaders and educators to ensure the success of its schools. The trust also has a board of trustees who oversee its operations and provide strategic guidance.
For more information on Greenwood Academies Trust, including a list of its schools and their contact information, visit their website at www.greenwoodacademies.org. The trust's registered office address is Greenwood House, Private Road No. 2, Colwick Quays Business Park, Nottingham, NG4 2JY, United Kingdom.
