THE TED WRAGG MULTI ACADEMY TRUST
Company Information
- Company Number
- 08545109
- Registered Address
- Cranbrook Education Campus Tillhouse Road, Cranbrook, Exeter, United Kingdom, EX5 7EE
- Status
- Active
- Employee Count
- 1,637
- Turnover
- £114,195,000
- EBITDA
- £35,579,000
Additional Details
- Website
- https://www.qe.devon.sch.uk/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 28 May 2013
- Nature of Business
- 85100 - Pre-primary education85200 - Primary education85310 - General secondary education
- Industries
- Education
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
Between the start date of September 1st, 2019 and the end date of August 31st, 2023, there is a slight downward trend in the average time taken for THE TED WRAGG MULTI ACADEMY TRUST to pay invoices to suppliers. The average time taken has decreased from 12 days in 2019 to 17 days in 2023.
Volatility Analysis
There is moderate volatility in the percentage of invoices paid within 30 days, with the highest percentage being 93% in March-August 2021 and the lowest being 84% in March-August 2022. There is also moderate volatility in the percentage of invoices paid later than 60 days, with the lowest percentage being 2% in September-February 2021 and the highest being 5% in September-February 2023.
Summary Analysis
Between March-August 2019 and March-August 2023, THE TED WRAGG MULTI ACADEMY TRUST has seen a slight decrease in the average time taken to pay invoices to suppliers. The percentage of invoices paid within 30 days has also increased from 4% to 90%, with the highest being 93% in March-August 2021. However, there is moderate volatility in this percentage, with the lowest being 84% in March-August 2022. The percentage of invoices paid later than 60 days has decreased from 94% to 3%, with the lowest being 2% in September-February 2021. The worst period for this metric was in March-August 2019, where 94% of invoices were paid later than 60 days. There is also moderate volatility in this percentage, with the highest being 5% in September-February 2023.
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 | 03 Oct 2025 | 22 | 89% | 8% | 3% | 23% |
| 01 Sept 2024 - 28 Feb 2025 | 03 Oct 2025 | 19 | 88% | 9% | 3% | 26% |
| 01 Sept 2023 - 29 Feb 2024 | 14 Mar 2024 | 17 | 90% | 7% | 3% | 23% |
| 01 Mar 2023 - 31 Aug 2023 | 26 Sept 2023 | 17 | 90% | 7% | 3% | 24% |
| 01 Sept 2022 - 28 Feb 2023 | 28 Mar 2023 | 21 | 84% | 11% | 5% | 27% |
| 01 Mar 2022 - 31 Aug 2022 | 26 Jan 2023 | 19 | 84% | 12% | 4% | 30% |
| 01 Sept 2021 - 28 Feb 2022 | 05 Apr 2022 | 9 | 94% | 4% | 2% | 35% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 9 | 93% | 4% | 3% | 36% |
| 01 Sept 2020 - 28 Feb 2021 | 31 Mar 2021 | 11 | 91% | 6% | 3% | 46% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 15 | 89% | 9% | 2% | 21% |
| 01 Sept 2019 - 29 Feb 2020 | 22 Jul 2020 | 11 | 89% | 8% | 3% | 34% |
| 01 Mar 2019 - 31 Aug 2019 | 07 Aug 2020 | 12 | 4% | 2% | 94% | 35% |
| 01 Sept 2018 - 28 Feb 2019 | 07 Aug 2020 | 10 | 92% | 6% | 2% | 44% |
| 01 Mar 2018 - 31 Aug 2018 | 07 Aug 2020 | 10 | 92% | 4% | 4% | 46% |
| 01 Sept 2017 - 28 Feb 2018 | 07 Aug 2020 | 15 | 89% | 6% | 5% | 45% |
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 our suppliers have 30 day payment terms however if the purchase invoice matches the order details, we pay as soon as checks have been completed
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 Trust requires that all expenditure, unless subject to specific arrangements, as determined by the Director of Finance, has a valid requisition, and purchase order (PO). The Trust operates a no purchase order, no pay policy therefore invoices received without a valid PO will be returned to the supplier, except as detailed.
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
The TED Wragg Multi Academy Trust is a non-profit organization that aims to provide high-quality education to students in the United Kingdom. The trust was established in 2011 and currently operates as a multi-academy trust, managing several schools across the country.
One of the key focuses of the trust is sustainability. They have implemented various initiatives to promote sustainable practices within their schools, such as recycling programs, energy-saving measures, and promoting eco-friendly transportation methods. The trust also works with local communities to raise awareness about environmental issues and promote sustainable living.
In addition to their sustainability efforts, the TED Wragg Multi Academy Trust also offers a range of products and services to support their schools. This includes financial management, human resources, and IT support, as well as training and development opportunities for staff and students.
The trust is led by a team of dedicated professionals, including trustees, directors, and senior leaders from their member schools. They work together to ensure the trust's mission of providing high-quality education and promoting sustainability is achieved.
For more information about the TED Wragg Multi Academy Trust and their services, you can visit their website at https://www.tedwraggtrust.co.uk/. Their registered office address is at Reed Hall, Streatham Drive, Exeter, Devon, EX4 4QR.
