| 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 Mar 2019 - 31 Aug 2019 | 05 Dec 2019 | 31 | 61% | 28% | 11% | 39% |
| 01 Sept 2018 - 28 Feb 2019 | 05 Dec 2019 | 33 | 59% | 29% | 12% | 41% |
| 01 Sept 2017 - 28 Feb 2018 | 28 Mar 2018 | 29 | 67% | 25% | 8% | 33% |
This information is as reported by the business, and responses are in their own words.
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
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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
The Elliot Foundation Academies Trust is a charitable multi-academy trust operating primary academies across the West Midlands, East Anglia and London, where its head office is based. It runs 36 schools educating over 15,000 children, delivering a broad curriculum with strong provision in the arts alongside core academic teaching. Each school retains a degree of autonomy under local governing bodies, while the trust provides shared services including school improvement, leadership development, finance, HR, payroll, legal, insurance, IT and estates management. It supports both converter and sponsored academies and describes itself as focused specifically on primary education, aiming to improve outcomes and life chances for children in the communities it serves.
Generated from the company's website and Companies House records. Sources: elliotfoundation.co.uk · elliotfoundation.co.uk