THE GRIFFIN SCHOOLS TRUST
Company Information
- Company Number
- 07893665
- Registered Address
- The Talent Factory, 4-14 Barmeston Road, London, SE6 3BH
- Status
- Active
- Employee Count
- 812
- Turnover
- £41,507,000
- EBITDA
- £435,000
Additional Details
- Website
- https://lammas-gst.org/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 29 December 2011
- Nature of Business
- 85600 - Educational support services
- Industries
- Education
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for THE GRIFFIN SCHOOLS TRUST shows a slight increase in the average time taken to pay invoices over the past few years. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. This indicates a possible slowing down in the payment process for the company.
Volatility Analysis
The volatility for THE GRIFFIN SCHOOLS TRUST is relatively stable, with only minor fluctuations in the average time taken to pay invoices and the percentage of invoices paid within 30 days. However, there is a notable increase in the percentage of invoices not paid within agreed terms in the third period, which could indicate some instability in the payment process.
Summary Analysis
Based on the data provided, the average time taken for THE GRIFFIN SCHOOLS TRUST to pay invoices has increased from 15 days in the first period to 21 days in the last period. This is a 40% increase. The percentage of invoices paid within 30 days has also decreased from 93% in the first period to 81% in the last period, a 12% decrease. The worst period for the company in terms of late payments was in the third period, where 29% of invoices were paid later than 60 days. There were also notable increases in the percentage of invoices not paid within agreed terms in the third and fifth periods.
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 | 04 Mar 2024 | 23 | 79% | 20% | 1% | 21% |
| 01 Mar 2023 - 31 Aug 2023 | 28 Sept 2023 | 21 | 81% | 18% | 1% | 19% |
| 01 Sept 2022 - 28 Feb 2023 | 03 Mar 2023 | 19 | 85% | 14% | 1% | 15% |
| 01 Mar 2022 - 31 Aug 2022 | 03 Mar 2023 | 17 | 87% | 12% | 1% | 13% |
| 01 Sept 2021 - 28 Feb 2022 | 07 Mar 2022 | 18 | 87% | 11% | 2% | 13% |
| 01 Mar 2021 - 31 Aug 2021 | 07 Sept 2021 | 17 | 87% | 12% | 1% | 13% |
| 01 Sept 2020 - 28 Feb 2021 | 22 Mar 2021 | 19 | 85% | 13% | 2% | 15% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 18 | 87% | 11% | 2% | 31% |
| 01 Sept 2019 - 29 Feb 2020 | 16 Mar 2020 | 21 | 84% | 9% | 7% | 25% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 22 | 80% | 12% | 8% | 29% |
| 01 Aug 2018 - 28 Feb 2019 | 25 Mar 2019 | 12 | 94% | 5% | 1% | 15% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 15 | 93% | 6% | 1% | 0% |
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
Payment due in 30 Days from invoice date.
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
Any Complaints or concerns regarding non-payment of invoices will be considered following the 30 day standard payment term period. The next steps will involve a period of negotiation (where senior officials from each party will aim to settle the dispute). Further actionwill be taken if necessary.
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 Griffin Schools Trust is a multi-academy trust based in London, England that operates a network of schools across the country. Founded in 2010, the trust is dedicated to providing high-quality education to children from all backgrounds.
The trust's sustainability program focuses on reducing its environmental impact and promoting sustainable practices among its schools. This includes initiatives such as waste reduction, energy efficiency, and promoting sustainable transportation options.
The trust offers a range of products and services to support its schools, including professional development opportunities for teachers, educational resources, and administrative support. It also provides a comprehensive curriculum that includes academic subjects as well as extracurricular activities.
Key people involved in the trust include the Board of Trustees, led by Chair Sir Paul Grant, and the Executive Team, led by Chief Executive Jo Kemp. The trust also has a network of dedicated staff, teachers, and volunteers who work tirelessly to support its schools and students.
To learn more about the Griffin Schools Trust and its activities, individuals can visit their website at www.griffinschoolstrust.org.uk. The registered office address for the trust is 29 Queen Anne's Gate, London, SW1H 9BU.
