THE ELLIOT FOUNDATION ACADEMIES TRUST

Company Information

Company Number
08116706
Registered Address
144 York Way, London, England, N1 0AX
Status
Active
Employee Count
1,528
Turnover
£106,015,000
EBITDA
£11,479,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
22 June 2012
Nature of Business
85200 - Primary education
Industries
Education
Region
London

Time to Pay

Average Time to Pay
33 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
59%
31-60 Days
29%
After 60 Days
12%
Not Paid Within Terms41%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

The Elliot Foundation Academies Trust (TEFAT) is a Multi Academy Trust, and registered charity, running 28 primary schools, accordingly it does not sell goods and thus there are no standard payment terms akin to those in commercial enterprises. The data provided relates to payments made by TEFAT and the mostly frequently used payment period term is 30 Days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

30

Dispute Resolution Process

Any disputes are dealt with by relevant Finance team members in the first instance. If required the matter is escalated to a member of the executive leadership team. Finally, as last resort, bring to the attention of the FD/CEO and ultimately the Finance Committee and then the Board.

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 Elliot Foundation Academies Trust is a UK-based organization that aims to improve the quality of education for children in primary schools. The trust operates several academies across the country and provides support and resources for teachers and staff to improve teaching and learning.

One of the key focus areas of the trust is sustainability. They have implemented various initiatives to reduce their environmental impact, such as promoting recycling, reducing energy consumption, and using sustainable materials. The trust also works closely with their academies to incorporate sustainability into the curriculum, teaching students about the importance of caring for the environment.

In addition to their sustainability efforts, the Elliot Foundation Academies Trust also offers a range of products and services to support their academies. This includes training and development programs for teachers, access to educational resources, and support for school improvement and leadership.

The trust is led by a team of experienced professionals, including a Board of Trustees and a Chief Executive Officer, who work together to drive the organization's vision and values. They also have a dedicated team of staff who provide support and guidance to their academies.

For more information on the Elliot Foundation Academies Trust, including their sustainability program and services, please visit their website at www.elliotfoundation.co.uk. Their registered office address is at Woodlands School, Bransgore, Christchurch, Dorset, BH23 8BT.

Financial Metrics

Cash
£9,309,000
Net Worth
£93,443,000
Total Current Assets
£14,536,000
Total Current Liabilities
£8,514,000

Company Location