SWALE ACADEMIES TRUST

PaymentCheck Score 2024
91Excellent
1.4vs last year
#978 in UK
#36 in Education
#162 in South East

Company Information

Company Number
07344732
Registered Address
Ashdown House, Johnson Road, Sittingbourne, Kent, ME10 1JS
Status
Active
Employee Count
2,159
Turnover
£132,723,000
EBITDA
£31,791,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
12 August 2010
Nature of Business
85200 - Primary education
85310 - General secondary education
Industries
Education,Professional Services
Region
South East

Time to Pay

Average Time to Pay
18 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
87%
31-60 Days
7%
After 60 Days
6%
Not Paid Within Terms20%

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: 2024-04-05
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2023 - 29 Feb 202405 Apr 20241688%7%5%18%
01 Mar 2023 - 31 Aug 202305 Apr 20241887%7%6%20%
01 Sept 2022 - 28 Feb 202330 Mar 20232086%8%6%22%
01 Sept 2021 - 28 Feb 202230 Mar 20221589%6%5%19%
01 Mar 2021 - 31 Aug 202124 Sept 20211491%6%3%18%
01 Sept 2020 - 28 Feb 202110 Mar 20211588%7%5%21%
01 Mar 2020 - 31 Aug 202021 Sept 20201590%7%3%20%

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

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

30

Dispute Resolution Process

Suppliers will contact the finance department in the first instance to discuss the issue. If the matter cannot be satisfactorily resolved, it can be escalated to the Trust Board

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

SWALE ACADEMIES TRUST is a multi-academy trust that operates 14 schools in Kent, England. The trust was founded in 2010 and is dedicated to providing high-quality education to its students.

One of the key focuses of SWALE ACADEMIES TRUST is sustainability. The trust has implemented a sustainability program that aims to reduce its carbon footprint and promote sustainable practices within its schools. This includes initiatives such as recycling, energy conservation, and promoting eco-friendly transportation methods.

The trust offers a wide range of products and services to its students, including a broad and balanced curriculum, extracurricular activities, and support services for students with special educational needs. They also provide teacher training and development programs to ensure high-quality teaching in their schools.

The key people involved in SWALE ACADEMIES TRUST include the Chief Executive Officer, Jon Whitcombe, and the Board of Trustees. The trust also has a team of experienced school leaders, teachers, and support staff who work together to ensure the success of its schools.

For more information on SWALE ACADEMIES TRUST, including their sustainability program and services, you can visit their website at www.swaleacademiestrust.org.uk. Their registered office address is Swale Academies Trust, Ashdown House, Johnson Road, Sittingbourne, Kent, ME10 1JS.

Financial Metrics

Cash
£10,802,000
Net Worth
£211,664,000
Total Current Assets
£14,325,000
Total Current Liabilities
£4,643,000

Company Location