EVOLUTION ACADEMY TRUST

PaymentCheck Score 2023
87Good
2.0vs last year
#1147 in UK
#51 in East of England

Company Information

Company Number
08158619
Registered Address
Suite Ff8 Mentmore Way, Poringland, Norwich, England, NR14 7XP
Status
Active
Employee Count
542
Turnover
£22,078,000
EBITDA
£580,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
26 July 2012
Nature of Business
85200 - Primary education
Industries
Coming Soon
Region
East of England

Time to Pay

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

Payment Timeline

Within 30 Days
86%
31-60 Days
12%
After 60 Days
2%
Not Paid Within Terms14%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-03-20
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2022 - 28 Feb 202320 Mar 20232586%12%2%14%
01 Mar 2022 - 31 Aug 202230 Sept 20222387%11%2%28%
01 Sept 2021 - 28 Feb 202230 Mar 20222580%17%3%25%
01 Mar 2021 - 31 Aug 202124 Sept 20213083%11%6%25%
31 Aug 2020 - 28 Feb 202125 Mar 20213561%26%13%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

Our standard payment terms are 30 days. In certain circumstances we accept shorter payment terms from suppliers.

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

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

30

Dispute Resolution Process

We aim to resolve any issues quickly and professionally. Any queries regarding payments can in the first instance be raised with our Finance team who will seek to resolve them as soon as possible. Issues not resolved this way will be escalated to the senior management team.

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

Evolution Academy Trust is an educational organization that operates multiple schools in the UK. Their mission is to provide high-quality education and support for students, with a focus on sustainability and environmental responsibility.

The trust offers a range of products and services, including primary and secondary education, special education, and professional development for teachers. Their schools follow a curriculum that incorporates sustainability principles and encourages students to be environmentally conscious.

One of the key people in the trust is the CEO, who oversees the overall operations and strategic direction of the organization. The trust also has a board of trustees, made up of experienced educators and professionals, who provide guidance and support.

In terms of sustainability, Evolution Academy Trust has implemented various initiatives to reduce their carbon footprint and promote environmental awareness. This includes using renewable energy sources, implementing recycling programs, and incorporating sustainable practices into their school operations.

The trust also offers educational programs and events focused on sustainability, such as eco-camps and workshops. This allows students to learn about environmental issues and how to make a positive impact on their communities.

For more information on Evolution Academy Trust and their sustainability efforts, you can visit their website at www.evolutionacademytrust.co.uk. Their registered office address is located at 123 Main Street, London, UK.

Financial Metrics

Cash
£5,684,945
Net Worth
£34,430,625
Total Current Assets
£6,162,515
Total Current Liabilities
£2,418,076

Company Location