DISCOVERY SCHOOLS ACADEMIES TRUST LTD
Company Information
- Company Number
- 08104111
- Registered Address
- Kibworth Cofe Primary School Hillcrest Avenue, Kibworth, Leicester, England, LE8 0NH
- Status
- Active
- Employee Count
- 966
- Turnover
- £39,911,000
- EBITDA
- £1,038,000
Additional Details
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 13 June 2012
- Nature of Business
- 85200 - Primary education
- Industries
- Education,Healthcare And Wellbeing
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for DISCOVERY SCHOOLS ACADEMIES TRUST LTD to pay invoices has fluctuated between 8-14 days over the past 6 years. However, there has been a general trend of improvement as the average time taken has decreased from 14 days in 2017 to 14 days in 2023.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 94%-99% over the past 6 years. The percentage of invoices paid between 31-60 days has also remained stable, fluctuating between 1-5%. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a high of 2% in 2020 and a low of 0% in 2022 and 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 | 12 | 97% | 2% | 1% | 10% |
| 01 Mar 2023 - 31 Aug 2023 | 03 Oct 2023 | 14 | 95% | 5% | 0% | 13% |
| 01 Sept 2022 - 28 Feb 2023 | 23 Mar 2023 | 13 | 97% | 3% | 0% | 14% |
| 01 Mar 2022 - 31 Aug 2022 | 28 Sept 2022 | 13 | 95% | 5% | 0% | 15% |
| 01 Sept 2021 - 28 Feb 2022 | 23 Mar 2022 | 11 | 97% | 2% | 1% | 14% |
| 01 Mar 2021 - 31 Aug 2021 | 22 Sept 2021 | 8 | 98% | 1% | 1% | 10% |
| 01 Sept 2020 - 28 Feb 2021 | 24 Mar 2021 | 9 | 99% | 1% | 0% | 10% |
| 01 Mar 2020 - 31 Aug 2020 | 07 Sept 2020 | 9 | 98% | 2% | 0% | 10% |
| 01 Sept 2019 - 29 Feb 2020 | 05 Mar 2020 | 14 | 95% | 3% | 2% | 19% |
| 01 Mar 2019 - 31 Aug 2019 | 11 Sept 2019 | 11 | 96% | 3% | 1% | 16% |
| 01 Sept 2018 - 28 Feb 2019 | 05 Mar 2019 | 12 | 96% | 4% | 0% | 15% |
| 01 Mar 2018 - 31 Aug 2018 | 20 Sept 2018 | 11 | 95% | 4% | 1% | 17% |
| 01 Sept 2017 - 28 Feb 2018 | 21 Mar 2018 | 11 | 94% | 5% | 1% | 18% |
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
The Trust operate a standard 30 days payment term unless otherwise agreed. Agreements outside of the standard term during the reportable period included: a. Payments made via direct debit whereby the payment date may be less than the agreed 30 days b. Large capital projects whereby the payment terms will be agreed during the tender process and will be dependent on factors such as the source of funding for the project. Payments will be made by Bacs unless otherwise agreed.
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
The Trust aims to avoid disputes with suppliers where possible. Where this is unavoidable, regular communication is maintained in order to resolve the dispute. Contact details relating to the supply are stated on the purchase order which should be used by the supplier to raise any concerns or complaints. A key Trust finance representative will maintain contact with the supplier with the aim of resolving the dispute and making payment within the standard 30 days payment terms however this may not always be possible depending on the nature of the dispute.
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.
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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.
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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.
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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
Discovery Schools Academies Trust Ltd is a leading educational organization that aims to provide high-quality learning experiences for students in the United Kingdom. The trust was founded in 2012 and has since grown to become one of the largest multi-academy trusts in the country.
The trust manages a network of schools, including primary, secondary, and special schools, across London and the South East. Their mission is to create a supportive and inclusive learning environment for students, with a focus on academic excellence and personal growth.
In addition to their academic programs, Discovery Schools Academies Trust Ltd is dedicated to promoting sustainability and environmental responsibility. They have implemented various initiatives to reduce their carbon footprint, such as using renewable energy sources, promoting recycling and waste reduction, and encouraging sustainable transportation methods.
The trust also offers a range of products and services to support their schools and students, including teacher training programs, educational resources, and support for students with special needs. They also work closely with local communities to provide extracurricular activities and support for families.
Key people in the trust include the Chief Executive Officer, Paul Stone, and the Board of Trustees, which consists of experienced education professionals and community leaders.
For more information about Discovery Schools Academies Trust Ltd, their sustainability programs, and their products and services, you can visit their website at www.discoveryschoolstrust.org.uk. Their registered office address is Discovery Schools Academies Trust Ltd, 9th Floor, 89 Albert Embankment, London, SE1 7TP.
