REDHILL ACADEMY TRUST
Company Information
- Company Number
- 07430317
- Registered Address
- Redhill Academy Trust Redhill Road, Arnold, Nottingham, Nottinghamshire, NG5 8GX
- Status
- Active
- Employee Count
- 1,783
- Turnover
- £89,767,000
- EBITDA
- £2,193,000
Additional Details
- Website
- https://encc.org.uk/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 4 November 2010
- Nature of Business
- 85100 - Pre-primary education85200 - Primary education85310 - General secondary education
- Industries
- Education
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for REDHILL ACADEMY TRUST to pay invoices has fluctuated over the past three periods, with a decrease from 22 days in 2017-2018 to 16 days in 2018-2019, followed by an increase to 39 days in 2020-2021. However, there has been a decrease in the most recent period, with an average time of 19 days to pay invoices.
Volatility Analysis
The company has shown a high level of volatility in their payment patterns, with a significant increase in the percentage of invoices paid later than 60 days in 2020-2021 (10%) compared to the previous period (4%). This was also reflected in the percentage of invoices not paid within agreed terms, which increased from 3% to 9% in the same period. However, there has been a decrease in volatility in the most recent period, with a decrease in the percentage of invoices paid later than 60 days (9%) and not paid within agreed terms (5%).
Summary Analysis
In the past three periods, REDHILL ACADEMY TRUST has shown a general trend of paying invoices earlier, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2020-2021. The most recent period (2021-2022) shows a return to earlier payment patterns, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 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 2023 - 29 Feb 2024 | 07 Mar 2024 | 18 | 88% | 4% | 8% | 8% |
| 01 Mar 2023 - 31 Aug 2023 | 13 Sept 2023 | 17 | 90% | 4% | 6% | 5% |
| 01 Sept 2022 - 28 Feb 2023 | 08 Mar 2023 | 16 | 85% | 3% | 12% | 4% |
| 01 Mar 2022 - 31 Aug 2022 | 27 Sept 2022 | 19 | 88% | 4% | 8% | 6% |
| 01 Sept 2021 - 28 Feb 2022 | 29 Mar 2022 | 19 | 80% | 11% | 9% | 13% |
| 01 Mar 2021 - 31 Aug 2021 | 27 Sept 2021 | 36 | 43% | 48% | 9% | 57% |
| 01 Sept 2020 - 28 Feb 2021 | 05 Mar 2021 | 39 | 26% | 64% | 10% | 74% |
| 01 Mar 2020 - 31 Aug 2020 | 21 Sept 2020 | 17 | 80% | 17% | 3% | 64% |
| 01 Sept 2019 - 29 Feb 2020 | 13 Mar 2020 | |||||
| 01 Sept 2019 - 28 Feb 2020 | 13 Mar 2020 | 16 | 78% | 19% | 4% | 63% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 22 | 80% | 17% | 3% | 48% |
| 01 Sept 2018 - 28 Feb 2019 | 26 Mar 2019 | 18 | 90% | 9% | 1% | 44% |
| 01 Mar 2018 - 31 Aug 2018 | 25 Sept 2018 | 19 | 87% | 11% | 1% | 43% |
| 01 Sept 2017 - 28 Feb 2018 | 14 Mar 2018 | 22 | 85% | 14% | 1% | 47% |
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
Standard payment terms of 30 days from the receipt of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Disputes are dealt with by the Finance Business Partner linked to the Academy that the invoice relates to. If it is not resolved at this level, it is escalated to the Deputy Director of Finance. If it is then not resolved at this level, it is escalated to the Finance Director, but this is extremely rare. All disputes are dealt with immediately and are usually resolved in a matter of 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.
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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.
❌
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
REDHILL ACADEMY TRUST is a multi-academy trust based in Nottinghamshire, England. Founded in 2010, it currently runs a network of ten schools in the East Midlands, providing education for over 7,000 students.
The trust is committed to promoting sustainability and environmental awareness among its students and staff. It has implemented various initiatives, such as recycling programs and energy-saving measures, to reduce its carbon footprint and promote sustainable practices. In addition, the trust encourages its schools to incorporate sustainability into their curriculum, teaching students about environmental issues and how to make positive changes in their local communities.
REDHILL ACADEMY TRUST offers a range of products and services to support its schools, including financial management, HR support, and curriculum development. It also offers training and professional development opportunities for its staff, ensuring that they are equipped to provide high-quality education to their students.
The trust is led by a team of dedicated individuals, including executive and non-executive directors, as well as a chief executive officer. Their combined expertise and experience drive the trust's mission to provide outstanding education and support to its schools and students.
For more information about REDHILL ACADEMY TRUST, visit their website at www.redhillacademytrust.org.uk. The trust's registered office address is The Redhill Academy, Redhill Road, Arnold, Nottingham, NG5 8GX.
