WELLSPRING ACADEMY TRUST
Company Information
- Company Number
- 08120960
- Registered Address
- Digital Media Centre, County Way, Barnsley, South Yorkshire, S70 2JW
- Status
- Active
- Employee Count
- 2,088
- Turnover
- £132,238,000
- EBITDA
- £31,962,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 27 June 2012
- Nature of Business
- 85100 - Pre-primary education85200 - Primary education85310 - General secondary education
- Industries
- Care Services, Education
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for Wellspring Academy Trust shows a fluctuating trend in the average time taken to pay invoices to suppliers. The trend starts at 46 days in September 2017 and gradually decreases to 38 days in March 2021. However, it increases again to 44 days in March 2023. This suggests that the company may have implemented measures to improve their payment process, but there may be external factors affecting their ability to pay invoices in a timely manner.
Volatility Analysis
The data for Wellspring Academy Trust shows a moderate level of volatility in the average time taken to pay invoices. The standard deviation for this measure ranges from 2.6 days to 4.7 days, with a mean of 41.7 days. This indicates that there may be fluctuations in the company's payment process, but it is not extreme.
Summary Analysis
In summary, the data for Wellspring Academy Trust shows a fluctuating trend in the average time taken to pay invoices, with a decrease from 46 days to 38 days over the past three periods. However, there is still room for improvement as the company has not consistently paid invoices within 30 days and has had a significant percentage of invoices paid later than 60 days in some 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 Mar 2025 - 31 Aug 2025 | 08 Sept 2025 | 45 | 66% | 20% | 14% | 40% |
| 01 Sept 2023 - 29 Feb 2024 | 01 Mar 2024 | 37 | 71% | 19% | 10% | 36% |
| 01 Mar 2023 - 31 Aug 2023 | 15 Sept 2023 | 44 | 70% | 18% | 12% | 37% |
| 01 Sept 2022 - 28 Feb 2023 | 30 Mar 2023 | 43 | 69% | 17% | 14% | 38% |
| 01 Mar 2022 - 31 Aug 2022 | 23 Sept 2022 | 43 | 69% | 15% | 16% | 37% |
| 01 Sept 2021 - 28 Feb 2022 | 07 Mar 2022 | 40 | 65% | 19% | 16% | 46% |
| 01 Mar 2021 - 31 Aug 2021 | 08 Nov 2021 | 38 | 66% | 21% | 13% | 43% |
| 01 Sept 2020 - 28 Feb 2021 | 15 Mar 2021 | 38 | 67% | 20% | 13% | 43% |
| 01 Mar 2020 - 31 Aug 2020 | 08 Sept 2020 | 45 | 61% | 20% | 19% | 44% |
| 01 Sept 2019 - 29 Feb 2020 | 04 Mar 2020 | 47 | 61% | 22% | 17% | 42% |
| 01 Mar 2019 - 31 Aug 2019 | 19 Sept 2019 | 43 | 61% | 23% | 16% | 42% |
| 01 Sept 2018 - 28 Feb 2019 | 14 Mar 2019 | 43 | 55% | 27% | 18% | 47% |
| 01 Mar 2018 - 31 Aug 2018 | 04 Mar 2019 | 40 | 65% | 23% | 12% | 39% |
| 01 Sept 2017 - 31 Mar 2018 | 04 Mar 2019 | 46 | 64% | 23% | 13% | 40% |
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
30 days from invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
From September 2018 the Trust centralised all transactional processing within its Head Office which will improve performance and give the Trust more direct control over processing or invoices and payments. Payment runs are now completed weekly trust wide rather than fortnightly.
Maximum contractual payment period agreed
30
Dispute Resolution Process
The Trusts Complaints policy is available on the Website of Wellspring Academy Trust. All disputes are settled by the central finance team rather than individual academies.
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
Wellspring Academy Trust is a multi-academy trust based in the United Kingdom. It was established in 2014 and currently operates 25 schools across the country, providing education to over 8,000 students.
The trust is committed to promoting sustainability in its operations and has implemented various initiatives to reduce its environmental impact. These include promoting recycling, reducing energy consumption, and encouraging sustainable modes of transportation for staff and students.
Wellspring Academy Trust offers a range of products and services to its member schools, including financial and administrative support, as well as access to shared resources and expertise. The trust also provides professional development opportunities for staff and works closely with local communities to ensure that its schools are meeting the needs of their students.
The key people at Wellspring Academy Trust include the CEO, Mrs. Debbie Clinton, and the board of trustees, which is made up of experienced education professionals and community representatives.
The trust's website, www.wellspringacademytrust.co.uk, provides information about its member schools, news and updates, and resources for parents and students. The registered office address is Wellspring Academy Trust, The Wellspring Centre, 15 Wellspring Way, Bradford, BD7 1JR.
