FYLDE COAST ACADEMY TRUST
Company Information
- Company Number
- 08364709
- Registered Address
- Mereside Primary Academy, Langdale Road, Blackpool, England, FY4 4RR
- Status
- Active
- Employee Count
- 950
- Turnover
- £50,127,000
- EBITDA
- £2,157,000
Additional Details
- Website
- https://www.fcat.org.uk/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 17 January 2013
- Nature of Business
- 85200 - Primary education85310 - General secondary education
- Industries
- Education
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for FYLDE COAST ACADEMY TRUST to pay invoices has fluctuated over the past 6 years, with a slight upward trend in the last three periods. The percentage of invoices paid within 30 days has also fluctuated, with a decrease in the most recent period. The percentage of invoices paid between 31 and 60 days has remained relatively consistent, while the percentage of invoices paid later than 60 days has increased in the last two periods.
Volatility Analysis
The volatility of FYLDE COAST ACADEMY TRUST's payment behavior has decreased in the last three periods, with a decrease in the percentage of invoices not paid within agreed terms and a decrease in the shortest (or only) standard payment period.
Summary Analysis
Between Sep 2020 - Feb 2021, FYLDE COAST ACADEMY TRUST's average time to pay invoices increased to 30 days, with 75% of invoices paid within 30 days and 15% paid between 31 and 60 days. This was the worst period in terms of invoices paid later than 60 days, at 10%, and the shortest (or only) standard payment period remained at 30 days.
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 2023 - 29 Feb 2024 | 12 Mar 2024 | 24 | 82% | 11% | 7% | 0% |
| 01 Mar 2023 - 31 Aug 2023 | 11 Sept 2023 | 19 | 87% | 10% | 3% | 0% |
| 01 Sept 2022 - 28 Feb 2023 | 06 Mar 2023 | 24 | 80% | 14% | 6% | 0% |
| 01 Mar 2022 - 31 Aug 2022 | 28 Sept 2022 | 25 | 82% | 12% | 6% | 0% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 29 | 74% | 18% | 8% | 0% |
| 01 Mar 2021 - 31 Aug 2021 | 29 Sept 2021 | 21 | 79% | 14% | 7% | 0% |
| 01 Sept 2020 - 28 Feb 2021 | 15 Mar 2021 | 30 | 72% | 18% | 10% | 0% |
| 01 Mar 2020 - 31 Aug 2020 | 17 Sept 2020 | 30 | 75% | 15% | 10% | 0% |
| 01 Sept 2019 - 28 Feb 2020 | 11 Mar 2020 | 29 | 75% | 16% | 9% | 0% |
| 01 Mar 2019 - 31 Aug 2019 | 19 Sept 2019 | 27 | 76% | 17% | 7% | 0% |
| 01 Sept 2018 - 28 Feb 2019 | 15 Mar 2019 | 23 | 81% | 15% | 4% | 0% |
| 01 Mar 2018 - 31 Aug 2018 | 26 Sept 2018 | 26 | 78% | 16% | 6% | 22% |
| 01 Sept 2017 - 28 Feb 2018 | 19 Mar 2018 | 25 | 76% | 17% | 7% | 24% |
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 after date of invoice
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
Firstly contact the individual academy finance lead, if the dispute cannot be resolved, the matter would be passed to the trust CFO.
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
FYLDE COAST ACADEMY TRUST is a multi-academy trust based in the Fylde Coast area of England. It was established in 2011 and currently operates nine academies, providing education for students aged 3-19.
The trust is committed to promoting sustainability and has implemented various initiatives to reduce its environmental impact. This includes using solar panels to generate renewable energy, implementing recycling programs, and promoting eco-friendly practices within its academies.
In terms of products and services, FYLDE COAST ACADEMY TRUST offers a wide range of educational opportunities for students, including a broad and balanced curriculum, extracurricular activities, and support for students with special educational needs.
The trust is led by a team of dedicated professionals, including a CEO, a board of trustees, and academy principals. They work together to ensure the highest quality of education for all students.
For more information on FYLDE COAST ACADEMY TRUST, including its sustainability program and details on its academies, interested individuals can visit their website at www.fcat.org.uk. The trust's registered office address is Unit 4, Whitehills Drive, Blackpool, Lancashire, FY4 5JW.
