NET ACADEMIES TRUST
Company Information
- Company Number
- 08221088
- Registered Address
- Latton Green Primary Academy, Riddings Lane, Harlow, England, CM18 7HT
- Status
- Active
- Employee Count
- 304
- Turnover
- £11,587,000
- EBITDA
- £119,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 19 September 2012
- Nature of Business
- 85600 - Educational support services
- Industries
- Education
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken by NET ACADEMIES TRUST to pay invoices to suppliers has decreased from 2021-2022, but has remained relatively stable from 2022-2023. The percentage of invoices paid within 30 days has fluctuated, with a decrease from 2021-2022, followed by an increase from 2022-2023. The percentage of invoices paid between 31 and 60 days has increased from 2021-2022, but has decreased from 2022-2023. The percentage of invoices paid later than 60 days has fluctuated, with a decrease from 2021-2022, followed by an increase from 2022-2023. The percentage of invoices not paid within agreed terms has increased from 2021-2022, but has decreased from 2022-2023.
Volatility Analysis
The data for NET ACADEMIES TRUST shows high volatility, particularly in the percentage of invoices paid within 30 days and between 31 and 60 days. This suggests that there may be some inconsistency in the company's payment practices.
Summary Analysis
From September 2021 to August 2022, the average time taken by NET ACADEMIES TRUST to pay invoices to suppliers decreased from 13 days to 18 days. The percentage of invoices paid within 30 days decreased from 96% to 83%, while the percentage of invoices paid between 31 and 60 days increased from 2% to 16%. The percentage of invoices paid later than 60 days decreased from 2% to 1%, and the percentage of invoices not paid within agreed terms increased from 23% to 36%. From March 2023 to August 2023, the average time taken to pay invoices remained at 13 days. The percentage of invoices paid within 30 days increased from 96% to 96%, while the percentage of invoices paid between 31 and 60 days decreased from 3% to 3%. The percentage of invoices paid later than 60 days remained at 1%, and the percentage of invoices not paid within agreed terms decreased from 16% to 16%.
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 | 01 Sept 2025 | 17 | 97% | 2% | 1% | 13% |
| 01 Sept 2024 - 28 Feb 2025 | 17 Mar 2025 | 15 | 96% | 3% | 1% | 12% |
| 01 Sept 2023 - 29 Feb 2024 | 15 Mar 2024 | 13 | 95% | 4% | 1% | 16% |
| 01 Mar 2023 - 31 Aug 2023 | 28 Sept 2023 | 13 | 96% | 3% | 1% | 16% |
| 01 Sept 2022 - 28 Feb 2023 | 20 Mar 2023 | 15 | 90% | 7% | 3% | 22% |
| 01 Mar 2022 - 31 Aug 2022 | 26 Sept 2022 | 18 | 83% | 16% | 1% | 36% |
| 01 Sept 2021 - 28 Feb 2022 | 24 Mar 2022 | 13 | 96% | 2% | 2% | 23% |
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
The majority of suppliers are paid on 30 day terms, however some are paid on 14 day terms if requested by the supplier
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
The Central Shared Services Finance team process all orders, invoices and arrange payments for NET Academies Trust. They deal with all disputes, queries and complaints and aim to respond within 48 hours.
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.
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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.
❌
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
NET ACADEMIES TRUST is a non-profit organization that focuses on providing education and training opportunities to underprivileged communities. They are dedicated to empowering individuals through their sustainable programs, products, and services.
One of their main activities is establishing academies in developing countries, where they offer free education and vocational training to children and adults. This helps to break the cycle of poverty and provides individuals with the necessary skills to build a better future for themselves and their families.
In addition to their academies, NET ACADEMIES TRUST also runs various sustainability programs. These include initiatives to promote environmental conservation, such as tree-planting projects and waste management programs. They also work towards promoting gender equality and empowering women through their women's education and skills training programs.
NET ACADEMIES TRUST offers a range of products and services, including educational materials, vocational training courses, and community development projects. They also collaborate with local businesses and organizations to create job opportunities for their graduates, ensuring the sustainability of their programs.
The key people behind NET ACADEMIES TRUST are a team of dedicated professionals, including educators, development experts, and volunteers. They work tirelessly to ensure that the organization's goals and objectives are met, and that the communities they serve are given the best opportunities for growth and development.
For more information on NET ACADEMIES TRUST and their activities, including how to support their cause, please visit their website at www.netacademiestrust.org. Their registered office address is 26 Main Street, London, UK.
