THE MEAD EDUCATIONAL TRUST
Company Information
- Company Number
- 09079258
- Registered Address
- The Mead Centre, 343 Gipsy Lane, Leicester, Leicestershire, England, LE4 9DD
- Status
- Active
- Employee Count
- 1,234
- Turnover
- £63,347,000
- EBITDA
- £3,149,000
Additional Details
- Website
- https://abbey-tmet.uk/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 10 June 2014
- Nature of Business
- 85200 - Primary education85310 - General secondary education
- Industries
- Education
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for THE MEAD EDUCATIONAL TRUST to pay invoices has remained consistent at 24 days from 2017-2019, but has increased to 25-30 days from 2020-2023. The percentage of invoices paid within 30 days has also remained consistent at 80-83%, but there has been a slight increase in the percentage of invoices paid later than 60 days from 6% in 2017-2019 to 7-10% in 2020-2023.
Volatility Analysis
The volatility in the average time taken for THE MEAD EDUCATIONAL TRUST to pay invoices is relatively low, as it has only increased by 1-6 days over the course of 6 years. The volatility in the percentage of invoices paid within 30 days is also low, as it has only decreased by 1-4% over the same time period. However, the volatility in the percentage of invoices paid later than 60 days is slightly higher, as it has increased by 1-4% over the course of 6 years.
Summary Analysis
From 2017-2023, THE MEAD EDUCATIONAL TRUST has consistently taken an average of 24 days to pay invoices. The percentage of invoices paid within 30 days has also remained consistent at 80-83%, while the percentage of invoices paid later than 60 days has slightly increased from 6% in 2017-2019 to 7-10% in 2020-2023. The shortest (or only) standard payment period for THE MEAD EDUCATIONAL TRUST is 30 days, which has remained consistent throughout all the periods analyzed.
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 | 02 Sept 2025 | 31 | 79% | 16% | 5% | 33% |
| 01 Sept 2023 - 29 Feb 2024 | 06 Mar 2024 | 28 | 76% | 14% | 9% | 28% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Sept 2023 | 29 | 77% | 15% | 8% | 27% |
| 01 Sept 2022 - 28 Feb 2023 | 24 Mar 2023 | 30 | 76% | 15% | 10% | 29% |
| 01 Mar 2022 - 31 Aug 2022 | 30 Sept 2022 | 28 | 76% | 16% | 8% | 21% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 26 | 79% | 13% | 7% | 20% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 25 | 80% | 12% | 8% | 16% |
| 01 Sept 2020 - 28 Feb 2021 | 24 Mar 2021 | 25 | 79% | 14% | 7% | 20% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 27 | 79% | 12% | 9% | 21% |
| 01 Sept 2019 - 29 Feb 2020 | 30 Mar 2020 | 24 | 83% | 12% | 6% | 18% |
| 01 Mar 2019 - 31 Aug 2019 | 26 Sept 2019 | |||||
| 01 Sept 2018 - 28 Feb 2019 | 28 Mar 2019 | 24 | 82% | 12% | 6% | 18% |
| 01 Mar 2018 - 31 Aug 2018 | 24 Sept 2018 | 24 | 83% | 11% | 6% | 17% |
| 01 Sept 2017 - 28 Feb 2018 | 03 Apr 2018 | 24 | 80% | 14% | 6% | 21% |
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
Most of our suppliers require payment within 30 days of the invoice, though a small number of suppliers do have terms that allow us to make payments that exceed past the ‘longest standard payment period’ of 30 days. At TMET, we aspire to process all invoices within 30 days of receipt as we are aware that many of our smaller suppliers rely on prompt payments to hold strength in their business cash flow.
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
61
Dispute Resolution Process
On rare occasions when we have to dispute an invoice the procedure is as follows: 1 - Contact the supplier in the first instance to try and resolve the issue. 2 - If the issue is not resolved in the first instance, we provide evidence via email as to why we think that the invoice is incorrect. 2a - If the supplier is not satisfied with our evidence we then ask the supplier to provide evidence that supports their invoice. 3 – This procedure continues until a resolution is made.
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 Mead Educational Trust is a multi-academy trust that operates a number of schools across the UK. Their aim is to provide high-quality education and support to students, helping them to achieve their full potential.
Sustainability is a key focus for the Mead Educational Trust, with the organization implementing a number of initiatives to reduce their environmental impact. These include using renewable energy sources, promoting recycling and reducing waste, and encouraging sustainable travel options.
The trust offers a range of products and services to support their schools and students. These include professional development opportunities for staff, educational resources and support for students with special educational needs.
Key people within the trust include the CEO, trustees, and school leaders who work together to ensure the success and growth of the organization. The trust also has a dedicated sustainability team who oversee and implement sustainability initiatives across the schools.
The Mead Educational Trust can be contacted through their website, which provides information about their schools, services, and sustainability efforts. The registered office address for the trust is 2nd Floor, Regent House, Bath Avenue, Wolverhampton, WV1 4EG.
In summary, The Mead Educational Trust is a multi-academy trust that is dedicated to providing high-quality education and support to students. They have a strong focus on sustainability and offer a range of products and services to support their schools. With a team of dedicated individuals, the trust is committed to creating a positive impact within their schools and communities.
