LONDON ACADEMIES ENTERPRISE TRUST
Company Information
- Company Number
- 07211219
- Registered Address
- 3rd Floor 183 Eversholt Street, London, United Kingdom, NW1 1BU
- Status
- Dissolved
- Employee Count
- 388
- Turnover
- £25,708,000
- EBITDA
- -£43,758,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 1 April 2010
- Nature of Business
- 85310 - General secondary education85320 - Technical and vocational secondary education85600 - Educational support services
- Industries
- Education
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 27 | 78% | 10% | 13% | 35% |
| 01 Sept 2018 - 28 Feb 2019 | 27 Mar 2019 | 41 | 62% | 21% | 17% | 45% |
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
Unless otherwise stated in the Order, LAET shall pay the Price of the Goods and the Services within 30 days after receipt by LAET of a proper invoice or, if later, after acceptance of the Goods or Services in question by LAET.
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
Escalated to senior management within the parent company AET and the management of the supplying company.
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 London Academies Enterprise Trust (LAET) is a multi-academy trust that operates several schools across London. Their main focus is to provide high-quality education to students, while also promoting sustainability and environmental awareness.
LAET has implemented a sustainability program in all their schools, with the aim of reducing their carbon footprint and promoting eco-friendly practices. This includes initiatives such as using renewable energy sources, promoting recycling and reducing waste, and incorporating sustainability into their curriculum.
In addition to their sustainability efforts, LAET also offers a range of products and services to support their schools and students. This includes educational resources, training programs for teachers, and partnerships with local businesses to provide work experience opportunities for students.
The key people behind LAET include their CEO, David Triggs, and their board of trustees, which is made up of experienced educators and professionals. They work together to ensure the success and sustainability of the trust's schools.
For more information on LAET and their initiatives, their website is www.laet.co.uk. Their registered office address is located at 20 Canada Square, Canary Wharf, London E14 5NN.
