ATLANTIC CENTRE OF EXCELLENCE MULTI ACADEMY TRUST
Company Information
- Company Number
- 08782544
- Registered Address
- St Columb Minor Academy, Porthbean Road, St Columb Minor, Newquay, Cornwall, TR7 3JF
- Status
- Dissolved
- Employee Count
- 382
- Turnover
- £11,924,000
- EBITDA
- £1,079,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 19 November 2013
- Nature of Business
- 85200 - Primary education
- Industries
- Education
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
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 2019 - 31 Aug 2019 | 30 Sept 2019 | 26 | 76% | 19% | 5% | 28% |
| 01 Sept 2018 - 28 Feb 2019 | 19 Mar 2019 | 30 | 74% | 19% | 7% | 30% |
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 have no prescribed standard payment terms as such. Our payment terms will follow those prescribed by our suppliers, which are normally 30 days
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 – resolution achieved through initial contact with finance staff, who will interrogate finance system to confirm payment date/payment due date. Finance staff routinely reconcile supplier statements to the finance system and request copy invoices if undisputed invoices remain unpaid. The Trust centralised the Finance function at the beginning of April 2018: the Trust is working to ensure that the majority of invoices for payment should be sent to the central location rather than the individual schools, to maximize efficiency of receipting and processing of invoices within the 30 day period. It should also be noted that the Trust’s finance staff work within term times, plus additional days during holidays, so there is an expectation for suppliers to acknowledge our working periods. Disputes – invoices will be disputed in instances of non-delivery of goods, delivery of sub-standard good, delivery of unordered good, delivery of substandard service etc. Invoices will remain unpaid until the dispute is resolved i.e. completion of service delivery, full delivery of goods, receipt of purchase credit note etc. The Trust has no instances of court action in respect of non-payment of invoices
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.
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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.
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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
Atlantic Centre of Excellence Multi Academy Trust (ACEMAT) is a non-profit organization based in the UK that aims to improve the quality of education and support the development of young people. The trust was formed in 2016 and currently includes ten academies across the country.
The trust is committed to promoting sustainability in all of its activities. This includes reducing their carbon footprint, promoting eco-friendly practices, and incorporating sustainability into the curriculum of their academies. ACEMAT also works with local communities to raise awareness about environmental issues and encourage sustainable living.
As a multi-academy trust, ACEMAT provides a range of products and services to its member academies. This includes financial management, HR support, and educational resources. The trust also offers training and development opportunities for teachers and staff, as well as support for students with special educational needs.
The key people at ACEMAT include the CEO, who is responsible for the overall management and strategic direction of the trust, and the board of trustees, who oversee the operations and financial management of the trust. Each academy also has its own headteacher who works closely with the trust to ensure the best education for their students.
The registered office address for ACEMAT is Atlantic House, 1st Floor, 114 Mount Pleasant, Liverpool, L3 5SR. Their website address is www.acemat.uk, where more information about their sustainability program, products, and services can be found.
