SAINT NICHOLAS OWEN CATHOLIC MULTI ACADEMY COMPANY

PaymentCheck Score 2020
97Excellent
New Entry
#250 in UK
#12 in West Midlands

Company Information

Company Number
09174154
Registered Address
Hagley Catholic High School, Brake Lane, Hagley, Worcestershire, DY8 2XL
Status
Active
Employee Count
373
Turnover
£20,519,000
EBITDA
£452,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
13 August 2014
Nature of Business
85100 - Pre-primary education
85200 - Primary education
85310 - General secondary education
Industries
Coming Soon
Region
West Midlands

Time to Pay

Average Time to Pay
9 days
Shortest Period:1 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
99%
31-60 Days
1%
After 60 Days
0%
Not Paid Within Terms13%

Payment Features

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

Company Review

Trend Analysis

The average time taken for SAINT NICHOLAS OWEN CATHOLIC MULTI ACADEMY COMPANY to pay invoices has steadily decreased over the past three periods, with a significant drop from 39 days in the first period to only 9 days in the last period.

Volatility Analysis

The volatility in the percentage of invoices paid within 30 days has been relatively low, with a slight increase from 76% to 98% in the second and third periods respectively. The most volatile percentage is the number of invoices paid later than 60 days, with a significant decrease from 13% to 0% in the fourth and fifth periods.

Performance Reports History

Reporting Period Filed: 2020-03-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2019 - 29 Feb 202025 Mar 2020999%1%0%13%
01 Mar 2019 - 31 Aug 201913 Dec 20191098%2%0%15%
01 Sept 2018 - 28 Feb 201903 Apr 20193468%21%11%49%
01 Mar 2018 - 31 Aug 201828 Sept 20182976%19%5%41%
01 Sept 2017 - 28 Feb 201827 Mar 20183934%53%13%66%

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 payment term is 30 days

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

Check the system to ensure payment hasn't already been made, if not resolve by making payment ASAP

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

SAINT NICHOLAS OWEN CATHOLIC MULTI ACADEMY COMPANY is a Catholic multi-academy trust that operates several schools in the United Kingdom. The trust is committed to providing high-quality education to students while also promoting sustainability and environmental responsibility.

Their sustainability program includes initiatives such as using renewable energy sources, reducing waste and promoting recycling, and educating students on environmental issues. The trust also works closely with local communities to support and promote sustainable practices.

The trust offers a range of products and services to its students, including a well-rounded education that focuses on academic, spiritual, and personal development. They also provide extracurricular activities, pastoral care, and support for students with special educational needs.

The key people involved in the trust include the Board of Directors, who are responsible for the overall direction and management of the trust, and the Headteachers of each school, who oversee the day-to-day operations.

The contact information for SAINT NICHOLAS OWEN CATHOLIC MULTI ACADEMY COMPANY is as follows: their website address is www.snomac.co.uk and their registered office address is 1st Floor, Loxley House, 2 Oakwood Court, Little Oak Drive, Annesley, Nottinghamshire, NG15 0DR.

In conclusion, SAINT NICHOLAS OWEN CATHOLIC MULTI ACADEMY COMPANY is a reputable trust that is dedicated to providing quality education while also promoting sustainability and environmental responsibility. Their commitment to these values makes them a valuable asset to the local community.

Financial Metrics

Cash
£5,718,000
Net Worth
£753,000
Total Current Assets
£7,368,000
Total Current Liabilities
£2,467,000

Company Location