TUDOR GRANGE ACADEMIES TRUST

Company Information

Company Number
07365748
Registered Address
Tudor Grange Academy, Dingle Lane, Solihull, West Midlands, B91 3PD
Status
Active
Employee Count
956
Turnover
£76,337,000
EBITDA
£15,251,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
3 September 2010
Nature of Business
85310 - General secondary education
Industries
Education
Region
West Midlands

Time to Pay

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

Payment Timeline

Within 30 Days
69%
31-60 Days
29%
After 60 Days
2%
Not Paid Within Terms31%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-11-12
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2018 - 28 Feb 201919 Jul 20193078%21%1%22%
01 Mar 2018 - 31 Aug 201819 Jul 20193172%26%2%28%

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, TGAT shall pay the Price of Goods and the Services within 30 days after receipt by TGAT of a proper invoice or, if later, after acceptance of the Goods or Services in question by TGAT. Each invoice shall be in arrears of the service being performed or goods received. Each invoice shall contain the particulars required by statute in respect of VAT, the PO number and any other particulars agreed with the supplier and shall be sent to the address notified to the supplier. The Trust reserves the right to refuse payment of part or all of any invoice which is not submitted in accordance with these conditions.

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

If the Trust disputes an invoice amount, it shall pay any amount it believes is due for payment and liability for payment of the balance shall be determined by agreement between the parties acting reasonably or, failing such agreement, in accordance with law.

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

TUDOR GRANGE ACADEMIES TRUST is a multi-academy trust based in Solihull, UK. It was established in 2011 and currently manages nine secondary schools and six primary schools, providing education to over 7,500 students.

The trust is committed to promoting sustainability and has implemented various initiatives to reduce its carbon footprint, such as installing solar panels, promoting eco-friendly transportation, and using energy-efficient technology.

In terms of products and services, TUDOR GRANGE ACADEMIES TRUST offers a wide range of educational programs and opportunities for students, including academic and vocational courses, extracurricular activities, and career guidance. The trust also has partnerships with local businesses and organizations to provide students with work experience and apprenticeship opportunities.

The key people of TUDOR GRANGE ACADEMIES TRUST include the CEO, Mr. Jon Bradbury, and the Chair of the Board of Trustees, Mr. David Gould. They work closely with the schools' headteachers and staff to ensure the best possible education for students.

To contact TUDOR GRANGE ACADEMIES TRUST, individuals can visit their website at www.tgacademy.org.uk. The registered office address is located at Tudor Grange Academy Solihull, Dingle Lane, Solihull, B91 3PD. Overall, TUDOR GRANGE ACADEMIES TRUST is dedicated to providing high-quality education while promoting sustainability and preparing students for their future careers.

Financial Metrics

Cash
£6,641,976
Net Worth
£105,162,514
Total Current Assets
£8,886,651
Total Current Liabilities
£5,273,993

Company Location