TRINITY MULTI ACADEMY TRUST

PaymentCheck Score 2024
72Fair
2.5vs last year
#2763 in UK
#145 in Education
#108 in Yorkshire and The Humber

Company Information

Company Number
06897239
Registered Address
Trinity Mat Offices The Maltings, Maltings Road, Halifax, England, HX2 0TJ
Status
Active
Employee Count
146
Turnover
£117,467,000
EBITDA
£42,801,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
6 May 2009
Nature of Business
85200 - Primary education
85310 - General secondary education
Industries
Education
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
33 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
47%
31-60 Days
48%
After 60 Days
5%
Not Paid Within Terms0%

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: 2024-12-20
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Mar 2024 - 31 Aug 202420 Dec 20243347%48%5%0%
01 Sept 2023 - 29 Feb 202421 Mar 20243253%44%3%0%
01 Sept 2022 - 28 Feb 202330 Mar 20233154%41%5%0%
01 Mar 2022 - 31 Aug 202220 Sept 20223058%38%4%0%
01 Sept 2021 - 28 Feb 202228 Mar 20223857%36%7%0%
01 Mar 2021 - 31 Aug 202128 Mar 20223650%39%11%0%
30 Sept 2020 - 28 Feb 202125 Mar 20213448%45%7%0%
01 Mar 2020 - 31 Aug 202013 Oct 20204346%32%22%0%
01 Sept 2019 - 29 Feb 202017 Mar 20203949%43%8%0%
01 Sept 2018 - 28 Feb 201912 Mar 20193854%33%13%0%

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 with an exception of 7 days in some instances

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

30

Dispute Resolution Process

Any dispute is raised initially with the Finance (and Operations) Manager in each of our academies, then if a resolution can't be found they are escalated to the Finance Controller, then the CFO to conclude the dispute. We hope to deal with all queries within 30 days.

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

TRINITY MULTI ACADEMY TRUST (TMAT) is a multi-academy trust based in England that operates a network of schools across the country. The trust was established in 2016 and has since grown to include 30 schools, serving over 16,000 students.

One of the key focuses of TMAT is sustainability, and the trust has implemented several initiatives to promote eco-friendly practices within its schools. This includes reducing waste, promoting recycling, and implementing energy-saving measures. TMAT also works closely with its schools to educate students on the importance of sustainability and how they can make a positive impact on the environment.

In addition to their sustainability efforts, TMAT offers a range of products and services to support their schools. This includes centralizing administrative functions such as finance, HR, and IT, allowing schools to focus on providing high-quality education to students. TMAT also offers support and training to staff and teachers, as well as access to a network of experts and resources to help schools continuously improve.

The key people behind TMAT include a team of experienced educators and administrators, led by CEO David Hermitt. Their website (www.tmat.co.uk) provides information about the trust, its schools, and its services. The registered office address for TMAT is Trinity House, Moor View Business Park, Thornes Moor Road, Wakefield, West Yorkshire, WF2 8NZ.

In summary, TRINITY MULTI ACADEMY TRUST is dedicated to providing high-quality education while also promoting sustainability and supporting its schools through a range of services. With a strong team and a growing network of schools, TMAT is committed to making a positive impact on the education sector in the UK.

Financial Metrics

Cash
£6,545,000
Net Worth
£110,123,000
Total Current Assets
£13,044,000
Total Current Liabilities
£9,304,000

Company Location