KENNET SCHOOL ACADEMIES TRUST

PaymentCheck Score 2023
65Fair
2.3vs last year
#3081 in UK
#166 in Education
#488 in South East

Company Information

Company Number
07543874
Registered Address
Kennet School, Stoney Lane, Thatcham, Berkshire, RG19 4LL
Status
Active
Employee Count
384
Turnover
£22,084,000
EBITDA
£2,582,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
25 February 2011
Nature of Business
85200 - Primary education
85310 - General secondary education
Industries
Education, Human Resources, Recruitment And Admin
Region
South East

Time to Pay

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

Payment Timeline

Within 30 Days
62%
31-60 Days
20%
After 60 Days
18%
Not Paid Within Terms38%

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: 2023-05-02
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2022 - 28 Feb 202302 May 20234062%20%18%38%
01 Mar 2022 - 31 Aug 202225 Jan 20233351%24%25%49%
01 Sept 2021 - 28 Feb 202214 Mar 20223359%33%8%41%
01 Mar 2021 - 31 Aug 202113 Oct 20213753%37%10%47%
01 Sept 2020 - 28 Feb 202107 Apr 20213065%28%7%35%
01 Mar 2019 - 31 Aug 201926 Nov 20193157%38%5%43%

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 net on Purchase Order

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

All disputes are resolved between authorised budget holder that has placed the order for good and services that the invoice relates to and who is the person responsible for authorising the invoice for payment to the 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.

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

Kennet School Academies Trust is a multi-academy trust based in Wiltshire, England. The trust was established in 2010 and currently oversees the operations of six different academies in the local area.

The trust's primary focus is on providing high-quality education for students aged 11-18. They offer a wide range of academic and vocational courses, as well as extracurricular activities and support services to meet the needs of their diverse student population.

One of the key initiatives of Kennet School Academies Trust is their sustainability program. They are committed to promoting sustainable practices and educating their students on environmental issues. The trust has implemented various measures such as energy-efficient buildings, recycling programs, and promoting sustainable transportation options to reduce their carbon footprint.

In terms of products and services, the trust offers a well-rounded education for students, with a focus on academic excellence, personal development, and preparation for future careers. They also provide support for students with special educational needs and disabilities, as well as pastoral care to ensure the well-being of their students.

The trust is led by a team of dedicated professionals, including the CEO, Director of Education, and Board of Trustees. They work closely with the school leadership teams to ensure the smooth operation of the academies and the delivery of high-quality education.

For more information on Kennet School Academies Trust, including their sustainability program and services, you can visit their website at www.kennetschool.co.uk. Their registered office address is Kennet School, Stoney Lane, Thatcham, Berkshire, RG19 4LL.

Financial Metrics

Cash
£1,184,000
Net Worth
£26,703,000
Total Current Assets
£3,170,000
Total Current Liabilities
£1,312,000

Company Location