REACH2 ACADEMY TRUST
Company Information
- Company Number
- 08452281
- Registered Address
- Henhurst Ridge Primary Academy, Henhurst Ridge, Burton-On-Trent, England, DE13 9TQ
- Status
- Active
- Employee Count
- 3,051
- Turnover
- £132,276,000
- EBITDA
- £1,859,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 19 March 2013
- Nature of Business
- 85200 - Primary education
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 28 Feb 2025 | 31 Mar 2025 | 55 | 58% | 22% | 20% | 42% |
| 01 Sept 2023 - 29 Feb 2024 | 28 Mar 2024 | 53 | 47% | 35% | 18% | 53% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Sept 2023 | 38 | 59% | 32% | 9% | 41% |
| 01 Sept 2022 - 28 Feb 2023 | 31 Mar 2023 | 38 | 54% | 34% | 12% | 46% |
| 01 Mar 2022 - 31 Aug 2022 | 30 Sept 2022 | 29 | 71% | 23% | 6% | 29% |
| 01 Sept 2021 - 28 Feb 2022 | 25 Mar 2022 | 31 | 68% | 24% | 8% | 32% |
| 01 Mar 2021 - 31 Aug 2021 | 29 Sept 2021 | 29 | 72% | 21% | 7% | 28% |
| 01 Sept 2020 - 28 Feb 2021 | 23 Mar 2021 | 22 | 80% | 15% | 5% | 20% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 25 | 70% | 25% | 5% | 30% |
| 01 Sept 2019 - 29 Feb 2020 | 19 Mar 2020 | 28 | 72% | 20% | 8% | 28% |
| 01 Sept 2018 - 28 Feb 2019 | 19 Mar 2019 | 31 | 71% | 19% | 10% | 29% |
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
REAch2 Academy Trusts standard payment terms are 30 days from date of invoice or receipt of invoice (whichever is the latter) for all qualifying contracts during the reporting period.
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
Any disputes relating to supplies of goods and services, should be first directed to the School Business Manager at the Academy whom ordered the goods or services. If no resolution can be found with the School Business manager, and no explanation received why the payment has been withheld, Suppliers can raise their concerns with the Head Teacher of that Academy. Where no resolution has been found by dealing with the academy direct, the supplier may refer the matter to the central trust, by e-mailing help@reach2.org. Suppliers must include the following information; Academy Supplied, Statement of Account, copy of outstanding invoice(s), purchase order number given by the academy when ordering the goods or service, and who the supplier has been dealing with so far in trying to resolve the dispute. The Central trust will then liaise with the school in question to resolve the matter. It is worth noting that the Academy itself has the final authority to issue payment and the trust can only act as arbitrator in the matter. Suppliers can find up to date Academy address’s and contact details on our website (http://www.reach2.org)
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
REACH2 ACADEMY TRUST is a multi-academy trust that operates over 50 primary schools across England, providing high-quality education to thousands of children. The trust is committed to creating a sustainable future for its schools and communities, and has implemented various initiatives to achieve this goal.
One of the key activities of REACH2 ACADEMY TRUST is providing outstanding education to its students. The trust believes in a holistic approach to education, focusing not only on academic achievement but also on the personal, social, and emotional development of its students.
In terms of sustainability, the trust has implemented a number of initiatives to reduce its environmental impact. This includes promoting recycling and reducing waste in its schools, as well as investing in energy-efficient technologies to reduce carbon emissions. The trust also encourages its schools to incorporate sustainability into their curriculum, teaching students about environmental responsibility and stewardship.
REACH2 ACADEMY TRUST also offers a range of products and services to its member schools, including financial support, HR services, and access to educational resources and training. The trust also provides support and guidance to its schools in areas such as governance, safeguarding, and special educational needs.
Key people in REACH2 ACADEMY TRUST include its CEO, Sir Steve Lancashire, and its board of directors, who oversee the strategic direction of the trust. The trust also has a team of dedicated staff who work closely with schools to support their development and ensure the best possible outcomes for students.
To learn more about REACH2 ACADEMY TRUST and its activities, visit their website at www.reach2.org. The trust's registered office address is 3rd Floor, 1 Lumley Street, London, W1K 6TT.
