THE MFG ACADEMIES TRUST
Company Information
- Company Number
- 07521584
- Registered Address
- Kitson Hill Road, Mirfield, West Yorkshire, WF14 9EZ
- Status
- Active
- Employee Count
- 402
- Turnover
- £20,109,000
- EBITDA
- -£158,000
Additional Details
- Website
- https://mirfieldfg.org.uk/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 8 February 2011
- Nature of Business
- 85310 - General secondary education
- Industries
- Coming Soon
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 22 Mar 2024 | 27 | 83% | 8% | 9% | 13% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Sept 2023 | 24 | 77% | 15% | 8% | 18% |
| 01 Sept 2022 - 28 Feb 2023 | 29 Mar 2023 | 23 | 77% | 20% | 3% | 12% |
| 01 Mar 2022 - 31 Aug 2022 | 29 Sept 2022 | 23 | 78% | 19% | 3% | 10% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 23 | 73% | 25% | 2% | 12% |
| 01 Mar 2021 - 31 Aug 2021 | 28 Sept 2021 | 22 | 78% | 20% | 2% | 9% |
| 01 Sept 2020 - 28 Feb 2021 | 29 Mar 2021 | 28 | 70% | 24% | 6% | 16% |
| 01 Mar 2020 - 31 Aug 2020 | 02 Oct 2020 | 30 | 65% | 28% | 7% | 20% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 24 | 76% | 22% | 2% | 10% |
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 = 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
37
Dispute Resolution Process
A complaint or concern is considered by the finance dept and referred to the MAT finance manager. They are dealt with on a case by case basis.
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
The MFG Academies Trust is a UK-based organization that aims to provide young people with high-quality education and training in the manufacturing industry. They have multiple academies located across the country, each offering a range of courses and apprenticeships in engineering, design, and technology.
One of the key focuses of the MFG Academies Trust is sustainability. They have implemented a sustainability program that promotes environmentally friendly practices within their academies and encourages students to think about the impact of their work on the planet. This includes using renewable energy sources, reducing waste, and promoting recycling.
Their products and services include a wide range of courses and apprenticeships for students aged 14-19, as well as continuing education for adults in the manufacturing industry. They also offer work placements and partnerships with local businesses to provide students with real-world experience.
The Trust is led by a team of experienced individuals, including CEO Richard Wright and Chairman Tim Hulbert, who are both well-respected figures in the manufacturing industry. They work closely with industry partners to ensure that their courses and training programs are relevant and up-to-date.
To learn more about the MFG Academies Trust and their offerings, visit their website at www.mfgacademies.org.uk. Their registered office address is The MFG Academies Trust, 24-26 St John's Road, Huddersfield, HD1 5DX.
