THE OLYMPUS ACADEMY TRUST
Company Information
- Company Number
- 07844791
- Registered Address
- Bradley Stoke Community School Fiddlers Wood Lane, Bradley Stoke, Bristol, BS32 9BS
- Status
- Active
- Employee Count
- 894
- Turnover
- £50,196,000
- EBITDA
- £2,359,000
Additional Details
- Website
- https://bteacademy.org.uk/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 11 November 2011
- Nature of Business
- 85100 - Pre-primary education85200 - Primary education85310 - General secondary education
- Industries
- Care Services, Education
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for THE OLYMPUS ACADEMY TRUST has been consistently decreasing from 45 days in Sep 2017 to 37 days in Aug 2023. There has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 56% in Sep 2017 to 70% in Aug 2023. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 16% in Sep 2017 to 19% in Aug 2023.
Volatility Analysis
The average time to pay has fluctuated between 29 days and 45 days, indicating a moderate level of volatility. The percentage of invoices paid within 30 days has also fluctuated between 49% and 79%, indicating a moderate level of volatility as well. The percentage of invoices paid later than 60 days has remained relatively stable, fluctuating between 7% and 16%.
Summary Analysis
Over the past three periods, there has been a slight increase in the average time to pay, from 30 days in Mar 2021 to 37 days in Aug 2023. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 79% in Mar 2021 to 70% in Aug 2023. The percentage of invoices paid later than 60 days has also decreased from 7% in Mar 2021 to 19% in Aug 2023.
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 | 05 Mar 2024 | 30 | 75% | 16% | 9% | 31% |
| 01 Mar 2023 - 31 Aug 2023 | 28 Sept 2023 | 37 | 70% | 19% | 11% | 38% |
| 01 Sept 2022 - 28 Feb 2023 | 27 Mar 2023 | 33 | 68% | 20% | 12% | 39% |
| 01 Mar 2022 - 31 Aug 2022 | 21 Sept 2022 | 33 | 75% | 16% | 9% | 35% |
| 01 Sept 2021 - 28 Feb 2022 | 28 Mar 2022 | 29 | 71% | 20% | 9% | 36% |
| 01 Mar 2021 - 31 Aug 2021 | 14 Sept 2021 | 30 | 79% | 14% | 7% | 30% |
| 01 Sept 2020 - 28 Feb 2021 | 18 Mar 2021 | 34 | 70% | 19% | 11% | 39% |
| 01 Mar 2020 - 31 Aug 2020 | 18 Sept 2020 | 35 | 68% | 21% | 11% | 45% |
| 01 Sept 2019 - 29 Feb 2020 | 16 Mar 2020 | 33 | 70% | 20% | 10% | 44% |
| 01 Mar 2019 - 31 Aug 2019 | 20 Sept 2019 | 42 | 49% | 37% | 14% | 64% |
| 01 Sept 2018 - 28 Feb 2019 | 22 Mar 2019 | 35 | 66% | 22% | 12% | 51% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Sept 2018 | 33 | 72% | 21% | 7% | 50% |
| 01 Sept 2017 - 28 Feb 2018 | 23 Apr 2018 | 45 | 56% | 28% | 16% | 60% |
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
60
Dispute Resolution Process
Invoices disputed by us would be raised with the supplier by either the budget holder or the school business managers after consultation with the budget holder. Queries or disputes from the supplier will be handled by school finance managers. If disputes cannot be resolved by school business managers they will be escalated to the Trust Financial Controller or Chief Executive Officer.
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 Olympus Academy Trust is a multi-academy trust based in the South West of England. It was established in 2012 with the aim of providing high-quality education to students from all backgrounds. The trust currently manages seven schools, including primary, secondary and special schools.
One of the key focuses of the trust is sustainability. The trust has implemented various initiatives to promote sustainability within its schools, such as installing solar panels, promoting recycling and reducing energy consumption.
The trust also offers a range of products and services, including educational resources, training and support for teachers, and after-school clubs and activities for students. These aim to enhance the learning experience and develop the skills and talents of students.
The key people involved in the Olympus Academy Trust include the CEO, board of trustees, and school leaders. They work together to ensure the smooth running of the trust and the success of its schools.
The trust can be contacted through their website, which is www.olympusacademytrust.co.uk. The registered office address is The Olympus Academy Trust, C/O Bradley Stoke Community School, Fiddlers Wood Lane, Bradley Stoke, Bristol, BS32 9BS.
In summary, the Olympus Academy Trust is a multi-academy trust that is committed to providing high-quality education and promoting sustainability. With a range of products and services and a dedicated team of individuals, the trust continues to make a positive impact on its schools and the wider community.
