METHODIST INDEPENDENT SCHOOLS TRUST
Company Information
- Company Number
- 07649422
- Registered Address
- 66 Lincoln's Inn Fields, London, England, WC2A 3LH
- Status
- Active
- Employee Count
- 2,155
- Turnover
- £108,567,000
- EBITDA
- £4,598,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 26 May 2011
- Nature of Business
- 85100 - Pre-primary education85200 - Primary education85310 - General secondary education85510 - Sports and recreation education
- Industries
- Education
- Region
- London
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 2024 - 28 Feb 2025 | 28 Mar 2025 | 20 | 87% | 11% | 2% | 17% |
| 01 Sept 2023 - 29 Feb 2024 | 25 Mar 2024 | 20 | 84% | 14% | 2% | 21% |
| 01 Sept 2022 - 28 Feb 2023 | 29 Mar 2023 | 21 | 84% | 13% | 2% | 19% |
| 01 Mar 2022 - 31 Aug 2022 | 27 Sept 2022 | 23 | 77% | 19% | 4% | 26% |
| 01 Sept 2021 - 28 Feb 2022 | 28 Mar 2022 | 29 | 66% | 24% | 10% | 40% |
| 01 Mar 2021 - 31 Aug 2021 | 27 Sept 2021 | 22 | 84% | 12% | 4% | 29% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 23 | 80% | 16% | 4% | 35% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 22 | 77% | 19% | 4% | 46% |
| 01 Sept 2019 - 29 Feb 2020 | 11 Mar 2020 | 23 | 78% | 19% | 3% | 43% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 29 | 67% | 26% | 7% | 68% |
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
We do not have standard payment terms. Terms are discussed and agreed with each supplier n an ad hoc basis.
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
60
Dispute Resolution Process
Any complaint or query is dealt with on a case by case basis by the Bursary/Finance Office staff at the specific school that the invoice relates to. Any matters which cannot be resolved at this level are escalated to the school governors.
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 Methodist Independent Schools Trust (MIST) is a UK-based organization that oversees a network of independent schools across the country. Founded in 2010, MIST’s aim is to provide high-quality education within a distinctly Methodist ethos.
MIST’s schools offer a wide range of academic and extracurricular programs, catering to students of all ages and abilities. The organization’s sustainability program is a key aspect of its operations, with a focus on promoting environmental awareness and responsibility among students and staff.
MIST’s sustainability efforts include initiatives such as recycling programs, energy conservation measures, and promoting sustainable transportation options. The organization also encourages its schools to incorporate sustainability into their curriculum, promoting education on environmental issues and sustainable living.
In addition to their sustainability program, MIST’s schools offer a range of products and services to their students, including modern facilities, dedicated staff, and a wide range of educational resources. The schools also offer various extracurricular activities, such as sports, music, and drama, to enhance students’ overall learning experience.
The key people behind MIST include its Board of Trustees, who are responsible for overseeing the strategic direction and policies of the organization. The Registered Office address for MIST is located in London, and the organization can be contacted through their website, which provides information on all their schools and their admissions processes.
In conclusion, the Methodist Independent Schools Trust is a reputable organization that provides high-quality education within a Methodist ethos. With a strong emphasis on sustainability, a wide range of products and services, and a dedicated team of trustees, MIST continues to play a significant role in the UK’s education sector.
