THE DIOCESE OF NORWICH EDUCATION AND ACADEMIES TRUST

Company Information

Company Number
08737435
Registered Address
Orchard House Hall Lane, East Tuddenham, Dereham, Norfolk, England, NR20 3LR
Status
Active
Employee Count
1,133
Turnover
£50,997,000
EBITDA
£3,118,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
17 October 2013
Nature of Business
85200 - Primary education
85310 - General secondary education
Industries
Education
Region
East of England

Time to Pay

Average Time to Pay
11 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
98%
31-60 Days
1%
After 60 Days
1%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-10-02
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Mar 2019 - 30 Aug 201902 Oct 20191298%1%1%0%
01 Sept 2018 - 28 Feb 201902 Oct 20191198%1%1%1%

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

Standard terms are payment in 30 days following receipt of invoice

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

n/a

Maximum contractual payment period agreed

60

Dispute Resolution Process

Complaints and concerns are dealt with by the Finance Controller with the aim of a resolution within 30 days

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 Diocese of Norwich Education and Academies Trust (DNEAT) is a multi-academy trust that oversees a network of 33 Church of England schools in Norfolk and Waveney, England. DNEAT is dedicated to providing high-quality education that promotes Christian values and supports the development of each child's potential.

One of the key focuses of DNEAT is sustainability, and the trust has implemented a number of initiatives to promote sustainable practices within its schools. This includes encouraging the use of renewable energy, reducing waste and promoting eco-friendly transportation.

DNEAT offers a wide range of products and services to its member schools, including support and guidance in areas such as finance, human resources, and governance. The trust also provides access to training and development opportunities for staff and governors, as well as resources and curriculum support for teachers.

The key people involved in DNEAT include the Chief Executive Officer, who oversees the strategic direction of the trust, and the Board of Directors, made up of representatives from the local community, the Church of England, and the education sector.

For more information on DNEAT and its activities, including its sustainability program, interested parties can visit their website at https://www.dneat.org/. The registered office address for DNEAT is Diocesan House, 109 Dereham Road, Easton, Norwich, Norfolk, NR9 5ES.

Financial Metrics

Cash
£1,803,083
Net Worth
£30,644,336
Total Current Assets
£3,522,853
Total Current Liabilities
£4,251,140

Company Location