ACORN EDUCATION TRUST
Company Information
- Company Number
- 07654902
- Registered Address
- Kingdown School, Woodcock Road, Warminster, Wiltshire, BA12 9DR
- Status
- Active
- Employee Count
- 590
- Turnover
- £38,278,000
- EBITDA
- £2,467,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 1 June 2011
- Nature of Business
- 85310 - General secondary education
- Industries
- Education
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for ACORN EDUCATION TRUST has been consistently below 30 days since the start of the recorded data in September 2019, with a slight increase in March 2020. However, in the most recent period (September 2021 - February 2022), the average time to pay has decreased to 20 days.
Volatility Analysis
The percentage of invoices paid within 30 days has been consistently high for ACORN EDUCATION TRUST, ranging from 82% to 99%. The volatility in this metric has been minimal. However, there has been higher volatility in the percentage of invoices paid between 31 and 60 days, with a range of 7% to 17%.
Summary Analysis
From the data provided, we can see that in the most recent period (September 2021 - February 2022), ACORN EDUCATION TRUST has had the lowest average time to pay of 20 days. This is a significant improvement from the previous period (March 2021 - August 2021), where the average time to pay was 24 days. Additionally, in the current period, ACORN EDUCATION TRUST has the highest percentage of invoices paid within 30 days at 82%, compared to the previous period's 77%.
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 | 12 Mar 2024 | 20 | 85% | 7% | 6% | 1% |
| 01 Mar 2023 - 31 Aug 2023 | 27 Sept 2023 | 24 | 84% | 10% | 6% | 16% |
| 01 Sept 2022 - 28 Feb 2023 | 14 Mar 2023 | 23 | 78% | 14% | 8% | 0% |
| 01 Mar 2022 - 31 Aug 2022 | 06 Oct 2022 | 20 | 85% | 11% | 4% | 0% |
| 01 Sept 2021 - 28 Feb 2022 | 09 Mar 2022 | 20 | 82% | 13% | 5% | 0% |
| 01 Mar 2021 - 31 Aug 2021 | 27 Sept 2021 | 24 | 99% | 0% | 0% | 1% |
| 01 Sept 2020 - 28 Feb 2021 | 09 Mar 2021 | 24 | 77% | 15% | 9% | 23% |
| 01 Mar 2020 - 31 Aug 2020 | 21 Sept 2020 | 38 | 66% | 17% | 18% | 42% |
| 01 Sept 2019 - 29 Feb 2020 | 09 Mar 2020 | 19 | 89% | 7% | 4% | 13% |
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
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
n/a
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
ACORN EDUCATION TRUST is a UK-based non-profit organization that aims to provide quality education to underprivileged children. The trust was founded in 2012 and currently operates in various regions of the UK.
The trust's primary focus is on improving the education standard and opportunities for children from low-income families. They achieve this through various activities such as providing scholarships, after-school programs, and educational resources to these children.
One of the key initiatives of ACORN EDUCATION TRUST is their sustainability program. They strive to create a sustainable future for the communities they serve by promoting environmentally friendly practices and educating children on the importance of sustainability.
ACORN EDUCATION TRUST also offers a range of products and services to support their cause, such as educational workshops, training programs for teachers, and fundraising events. They also collaborate with schools and other organizations to provide resources and support for disadvantaged children.
The trust is led by a team of dedicated individuals, including trustees, volunteers, and staff members, who work tirelessly to achieve their mission. The registered office address for ACORN EDUCATION TRUST is 12A St. James's Square, London SW1Y 4JH. Their website, www.acorneducationtrust.com, provides more information about their activities and how to get involved or support their cause.
In summary, ACORN EDUCATION TRUST is a non-profit organization that is committed to providing quality education and promoting sustainability for underprivileged children in the UK. Their range of activities, products, and services, along with their team of passionate individuals, make them a valuable asset to their local communities.
