HORNBEAM ACADEMY TRUST
Company Information
- Company Number
- 08153765
- Registered Address
- C/O Hornbeam Academy (William Morris Campus), Folly Lane, London, England, E17 5NT
- Status
- Dissolved
- Employee Count
- 359
- Turnover
- £12,650,000
- EBITDA
- -£279,000
Additional Details
- Website
- https://hornbeamacademy.org
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 23 July 2012
- Nature of Business
- 85590 - Other education not elsewhere classified
- Industries
- Education
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
There is a clear downward trend in the average time taken to pay invoices for HORNBEAM ACADEMY TRUST, with a decrease of 32% from the first period to the second period and a slight increase of 14% in the most recent period. This indicates a general improvement in the company's payment processes.
Volatility Analysis
The data shows a moderate level of volatility in the percentage of invoices paid within 30 days, as there was a 6% increase in the second period followed by a 4% decrease in the third period. The volatility is slightly higher in the percentage of invoices paid later than 60 days, with a 2% increase in the second period and another 2% increase in the third period.
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 2017 - 28 Feb 2018 | 29 Mar 2018 | 24 | 80% | 12% | 8% | 20% |
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 aim to pay all suppliers within 30 days.
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
Contractor is contacted immediately to discuss dispute. This is the followed up by email. If no resolution it is passed to a senior member of staff to resolve.
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?
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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
Company Summary
HORNBEAM ACADEMY TRUST is a multi-academy trust that was established in 2011 in Waltham Forest, London. The trust is dedicated to providing high-quality education and support to young people and their families. It currently oversees the operations of nine primary and secondary schools in the area.
One of the key focuses of HORNBEAM ACADEMY TRUST is sustainability. The trust is committed to promoting sustainable practices in all of its schools and encouraging students to be environmentally responsible. This includes initiatives such as recycling, reducing energy consumption, and promoting green transportation methods.
In addition to its sustainability efforts, the trust also offers a range of products and services to its schools and the wider community. This includes educational resources, staff training, and support for students with special educational needs. The trust also works closely with local businesses and organizations to provide work experience opportunities for students.
The key people behind HORNBEAM ACADEMY TRUST are its board of trustees, which is made up of experienced professionals from various fields, including education, finance, and law. The trust also has a team of dedicated staff members who work tirelessly to ensure the smooth running of its schools and services.
For more information on HORNBEAM ACADEMY TRUST and its activities, you can visit their website at www.hornbeamacademytrust.com. The registered office address is 60 Hawarden Road, Chingford, London, E4 7AG.
