UNIVERSITY OF CHESTER ACADEMIES TRUST
Company Information
- Company Number
- 06929486
- Registered Address
- 164 Whitby Road, Whitby, Ellesmere Port, Cheshire, England, CH65 6EA
- Status
- Active — Active proposal to strike off
- Employee Count
- 147
- Turnover
- £3,272,000
- EBITDA
- -£34,020,000
Additional Details
- Website
- https://www.epcollege.org/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 10 June 2009
- Nature of Business
- 85310 - General secondary education
- Industries
- Education
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time for UNIVERSITY OF CHESTER ACADEMIES TRUST to pay invoices has been gradually decreasing over the past three periods, from 40 days in Sep 2017-Feb 2018 to 37.8 days in Sep 2018-Feb 2019.
Volatility Analysis
The company's volatility in paying invoices has been relatively stable, with only a 1.1 day difference between the shortest and longest standard payment period.
Summary Analysis
In the past three periods, UNIVERSITY OF CHESTER ACADEMIES TRUST has consistently paid invoices within an average of 38-40 days. The percentage of invoices paid within 30 days has also remained steady at 50-52%, while the percentage of invoices paid between 31-60 days has fluctuated between 33-35%. The company's worst period for late payments was in Sep 2017-Feb 2018, where 15% of invoices were paid later than 60 days.
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 2017 - 28 Feb 2018 | 28 Mar 2018 | 40 | 51% | 34% | 15% | 57% |
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
UCAT has not issued standard payment terms however the standard payment period based on our most commonly used terms for the reporting period is 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Although our standard payment terms are 30 days, a large number of payments related to agency fees with individual invoices being payable in 7 days. This has contributed to our overdue payment statistic.
Maximum contractual payment period agreed
46
Dispute Resolution Process
A complaint will normally be addressed by individual academy based finance staff then escalated if necessary at Group Accountant or Finance Director level for resolution with a seven day target. UCAT exchequer systems prioritize prior authorization of all orders and sign off of goods received notes which helps clarify issues re any disputes quickly.
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.
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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 University of Chester Academies Trust (UCAT) is a multi-academy trust that was established in 2013 with the aim of improving education standards in the North West of England. UCAT currently operates 15 academies, including primary, secondary, and special schools, and has a strong focus on providing high-quality education for all students.
One of the key initiatives of UCAT is their sustainability program, which aims to promote environmental awareness and responsibility within their academies. This includes implementing eco-friendly practices, such as reducing waste and energy consumption, as well as educating students about the importance of sustainability. UCAT also works closely with local communities to support environmental projects and initiatives.
In addition to their sustainability efforts, UCAT offers a range of products and services to their academies, including financial management, human resources, and educational support. They also provide training and development opportunities for staff and teachers, ensuring that their academies have the resources and support needed to deliver high-quality education.
The key people at UCAT include the Chief Executive Officer, Mr. Steve Docking, and the Board of Trustees, who are responsible for the overall strategic direction of the trust. UCAT also has a team of experienced academy improvement leaders who work closely with each academy to drive improvement and ensure high standards of education.
For more information on UCAT and their academies, including their sustainability program and services, their website address is https://www.ucatrust.org/. The registered office address for UCAT is University of Chester, Parkgate Road, Chester, CH1 4BJ, United Kingdom.
