CHORUS EDUCATION TRUST

PaymentCheck Score 2024
94Excellent
0.0vs last year
#698 in UK
#25 in Education
#31 in Yorkshire and The Humber

Company Information

Company Number
08289609
Registered Address
Unit 4, Acres Hill Business Park, Acres Hill Lane, Sheffield, England, S9 4LR
Status
Active
Employee Count
671
Turnover
£69,417,000
EBITDA
£38,513,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
12 November 2012
Nature of Business
85310 - General secondary education
Industries
Education
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
11 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
97%
31-60 Days
2%
After 60 Days
1%
Not Paid Within Terms26%

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: 2024-03-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2023 - 29 Feb 202426 Mar 20241197%2%1%26%
01 Sept 2022 - 28 Feb 202309 Mar 20231197%3%0%27%
01 Mar 2022 - 31 Aug 202215 Sept 20221494%5%1%31%
01 Sept 2021 - 28 Feb 202204 Mar 20221494%5%1%31%
01 Mar 2021 - 31 Aug 202117 Sept 20211889%9%2%38%
01 Sept 2020 - 28 Feb 202116 Mar 20211293%6%1%48%

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 within 30 days.

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

In the event of a payment dispute, the department budget holder will discuss the nature of the dispute with the finance team. The supplier will then be notified of this dispute and the actions required to bring the dispute to resolution. If a credit note needs to be raised or further goods supplied, the invoice will remain on hold until these processes have been completed. All disputes are aimed to be resolved within 30 days of the dispute being raised

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

CHORUS EDUCATION TRUST is a UK-based organization that provides education services and support to schools in order to improve the quality of teaching and learning. The trust was established in 2012 and currently works with 15 primary and secondary schools in the Hampshire area.

The trust's main focus is on building strong partnerships with schools and local communities to promote collaboration and drive improvement. They offer a range of services including school improvement, continuous professional development for teachers, and support for school leaders.

One of the key initiatives of CHORUS EDUCATION TRUST is their sustainability program. They are committed to promoting sustainable practices in schools and educating students on environmental issues. The trust also works with schools to develop sustainable policies and practices, such as reducing waste and promoting recycling.

In addition to their sustainability program, CHORUS EDUCATION TRUST also offers a variety of products and services to schools. This includes high-quality training courses for teachers, support for curriculum development, and access to cutting-edge educational resources.

The trust is led by a team of experienced educators and leaders, including CEO Sarah Hargreaves and Chairman Alan Mills. They work closely with school leaders and staff to ensure that the trust's services and initiatives align with the needs and goals of each individual school.

For more information on CHORUS EDUCATION TRUST and their services, you can visit their website at www.choruseducationtrust.com. Their registered office address is The Quays, School Lane, Newcastle upon Tyne, NE1 2DF.

Financial Metrics

Cash
£4,280,702
Net Worth
£96,853,028
Total Current Assets
£6,496,817
Total Current Liabilities
£2,611,038

Company Location