RIVER LEARNING TRUST
Company Information
- Company Number
- 07966500
- Registered Address
- C/O Gosford Hill School, Oxford Road, Kidlington, Oxfordshire, United Kingdom, OX5 2NT
- Status
- Active
- Employee Count
- 2,298
- Turnover
- £109,797,000
- EBITDA
- £2,888,000
Additional Details
- Website
- https://madleybrook.org/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 27 February 2012
- Nature of Business
- 85100 - Pre-primary education85200 - Primary education85310 - General secondary education
- Industries
- Education,Healthcare And Wellbeing
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for RIVER LEARNING TRUST's average time to pay invoices has been steadily decreasing over the past three periods. In 2017-2018, the average time was 28 days, which decreased to 21 days in 2018-2019, and then further decreased to 14 days in 2019-2020. This trend indicates that the company has been paying invoices more quickly over time.
Volatility Analysis
The volatility of RIVER LEARNING TRUST's payment behavior has been relatively stable over the past three periods. The company consistently paid the majority of their invoices within 30 days (ranging from 92% to 98%) and had a low percentage of invoices paid later than 60 days (ranging from 1% to 2%). The only slight change in volatility was seen in the percentage of invoices paid between 31 and 60 days, which decreased from 7% in 2019-2020 to 4% in 2020-2021.
Summary Analysis
In the past three periods, RIVER LEARNING TRUST has shown a consistent improvement in their average time to pay invoices, with a decrease from 28 days to 14 days. This improvement is also reflected in their high percentage of invoices paid within 30 days, which increased from 65% to 98%. The company also had a low percentage of invoices paid later than 60 days, ranging from 1% to 2%. However, it is worth noting that in 2018-2019, the company had a slightly higher percentage (41%) of invoices not paid within agreed terms, which improved to 33% in 2020-2021.
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 | 08 Mar 2024 | 10 | 98% | 1% | 1% | 32% |
| 01 Mar 2023 - 31 Aug 2023 | 28 Sept 2023 | 11 | 98% | 1% | 1% | 28% |
| 01 Sept 2022 - 28 Feb 2023 | 02 Mar 2023 | 9 | 98% | 1% | 1% | 27% |
| 01 Mar 2022 - 31 Aug 2022 | 29 Sept 2022 | 10 | 98% | 1% | 1% | 26% |
| 01 Sept 2021 - 28 Feb 2022 | 14 Mar 2022 | 10 | 98% | 1% | 1% | 29% |
| 01 Mar 2021 - 31 Aug 2021 | 21 Sept 2021 | 11 | 98% | 1% | 1% | 33% |
| 01 Sept 2020 - 28 Feb 2021 | 29 Mar 2021 | 10 | 95% | 4% | 1% | 34% |
| 01 Mar 2020 - 31 Aug 2020 | 27 Sept 2020 | |||||
| 01 Sept 2019 - 29 Feb 2020 | 04 Mar 2020 | 12 | 92% | 7% | 1% | 42% |
| 01 Mar 2019 - 31 Aug 2019 | 12 Sept 2019 | 14 | 98% | 1% | 1% | 23% |
| 01 Sept 2018 - 28 Feb 2019 | 23 Sept 2019 | 11 | 96% | 2% | 2% | 55% |
| 01 Mar 2018 - 31 Aug 2018 | 01 Oct 2018 | 21 | 83% | 15% | 2% | 41% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 28 | 65% | 28% | 7% | 35% |
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 terms and therefore there were not changes in the period.
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
We have no formal dispute resolution process for resolving complaints about payments with suppliers. Initially, complaints are dealt with either by individual schools or by the Central Finance team. Where they cannot by resolved locally, they are escalated either to the Operations Director or CFO.
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 River Learning Trust is a multi-academy trust based in Oxfordshire, UK. It was established in 2011 and currently consists of 15 primary and secondary schools, providing education to over 9,000 students.
The trust is committed to promoting sustainability and environmental awareness within its schools. This is achieved through various initiatives such as recycling programs, energy-saving measures, and promoting sustainable travel options for students and staff. The trust also works closely with local communities to raise awareness of environmental issues and promote eco-friendly practices.
The trust offers a wide range of products and services to its member schools, including teacher training, financial management, and IT support. It also provides a central team of experts to assist with school improvement and development.
The key people involved in the trust include the CEO, Dr. Kate Curtis, and a board of trustees consisting of experienced educational professionals and community representatives.
The registered office address for the trust is The Cherwell School, Marston Ferry Road, Oxford, OX2 7EE. Their website, www.riverlearningtrust.org, provides information on their schools, sustainability efforts, and services.
