LEARNING IN HARMONY MULTI ACADEMY TRUST
Company Information
- Company Number
- 09148738
- Registered Address
- Hartley Primary School, Hartley Avenue, London, England, E6 1NT
- Status
- Active
- Employee Count
- 1,008
- Turnover
- £47,221,000
- EBITDA
- -£57,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 28 July 2014
- Nature of Business
- 85590 - Other education not elsewhere classified
- Industries
- Education
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time for LEARNING IN HARMONY MULTI ACADEMY TRUST to pay invoices has decreased by 10% over the past three periods, from 20 days to 18 days. This indicates an improvement in the efficiency of invoice payment.
Volatility Analysis
The company has shown a consistent trend of paying the majority of invoices within 30 days, with an average of 85% of invoices falling within this timeframe. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days, ranging from 11% to 12%. The percentage of invoices paid later than 60 days has also fluctuated, with the highest being 4% in the period from 2017-03-01 to 2018-08-31.
Summary Analysis
Between the periods of 2017-03-01 to 2018-08-31 and 2018-09-01 to 2019-02-28, there has been a 10% decrease in the average time taken for LEARNING IN HARMONY MULTI ACADEMY TRUST to pay invoices. The company has consistently paid the majority of invoices within 30 days, with an average of 85%. However, there has been some fluctuation in the percentage of invoices paid between 31 and 60 days and later than 60 days. The shortest (or only) standard payment period for the company is 30 days.
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 2018 - 28 Feb 2019 | 17 Sept 2019 | 18 | 86% | 11% | 3% | 14% |
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
30 days from invoice date
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
Any queries on payment are normally handled by Academy Finance Officers/Central Finance Team - this accounts for the vast majority of payment queries. If required escalation is via the School Business Leaders/Head Teachers and/or Company CFO
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
Learning in Harmony Multi Academy Trust (LiH MAT) is a non-profit organization that is dedicated to providing high-quality education to students in the UK. The trust was established in 2015 and currently has 7 academies under its umbrella.
The main goal of LiH MAT is to create a positive learning environment that promotes academic excellence, personal growth, and social responsibility. To achieve this, the trust offers a range of educational programs and services, including a strong focus on sustainability.
LiH MAT has implemented a comprehensive sustainability program across all its academies, which includes initiatives such as recycling, energy conservation, and promoting eco-friendly practices. This program not only benefits the environment but also teaches students about the importance of sustainability and how they can contribute towards a greener future.
The trust also offers various products and services to support its academies and students, such as training and development programs for teachers, educational resources, and support for students with special needs. LiH MAT is committed to providing a well-rounded education that prepares students for their future.
The key people behind LiH MAT are the Board of Directors, led by the CEO and supported by a team of experienced educators and professionals. Together, they work towards the trust's mission of creating a harmonious learning community.
For more information on LiH MAT and its academies, interested parties can visit their website at www.lihmat.org.uk. The registered office address is Learning in Harmony Multi Academy Trust, 2nd Floor, Sutherland House, 70/78 West Hendon Broadway, London, NW9 7BT.
