REACH SOUTH ACADEMY TRUST

PaymentCheck Score 2025
98Excellent
1.5vs last year
#256 in UK
#4 in South West

Company Information

Company Number
10151730
Registered Address
C/O Utc Plymouth Park Avenue, Devonport, Plymouth, England, PL1 4RL
Status
Active
Employee Count
894
Turnover
£65,802,000
EBITDA
£24,556,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
27 April 2016
Nature of Business
85200 - Primary education
85310 - General secondary education
85320 - Technical and vocational secondary education
Industries
Coming Soon
Region
South West

Time to Pay

Average Time to Pay
14 days
Shortest Period:30 days
Longest Period:31 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
97%
31-60 Days
2%
After 60 Days
1%
Not Paid Within Terms6%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-04-01
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2024 - 28 Feb 202501 Apr 20251497%2%1%6%
01 Sept 2023 - 29 Feb 202422 Mar 20242294%3%3%7%
01 Mar 2023 - 31 Aug 202303 Oct 20231496%3%1%6%
01 Sept 2022 - 28 Feb 202329 Mar 20231693%6%1%9%
01 Mar 2022 - 31 Aug 202228 Sept 20221397%2%1%4%
01 Sept 2021 - 28 Feb 202224 Mar 20221497%2%1%3%
01 Mar 2021 - 31 Aug 202128 Sept 20211498%1%1%2%
01 Sept 2020 - 28 Feb 202131 Mar 20211597%2%1%3%
01 Mar 2020 - 31 Aug 202030 Sept 20201697%2%1%3%
01 Sept 2019 - 29 Feb 202025 Mar 20201397%2%1%3%

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 of 30 days from the latter of; date of invoice or receipt of invoice, for all qualifying contracts.

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

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

30

Dispute Resolution Process

Suppliers wishing to query a payment should either send an email to invoices@reachsouth.org or phone 01752 544984. The Trust operates a Shared Service Centre (SSC) that processes invoices and payments on behalf of all schools in the Trust. The SSC team will address supplier queries within 48 hours. If the supplier is unsatisfied with the response, the supplier should communicate this back and the SSC team will escalate the dispute to the Trust’s Head of Finance, who in turn can escalate it to the Finance Director if required.

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

REACH SOUTH ACADEMY TRUST is a multi-academy trust based in the South of England. It was established in 2017 and currently runs 13 schools in the region, providing education to over 8,000 students.

The trust is committed to promoting sustainability and environmental consciousness within its schools and communities. As part of its sustainability program, the trust has implemented various initiatives such as reducing waste, promoting energy efficiency, and encouraging sustainable transportation methods.

In terms of products and services, the trust offers a high-quality education to students from diverse backgrounds, with a focus on academic excellence and personal development. Their schools also offer a range of extracurricular activities and support services to enhance the overall learning experience.

The trust is led by a dedicated team of professionals, including a Board of Trustees and a Chief Executive Officer, who work together to ensure the smooth functioning and growth of the trust. They are supported by a network of experienced headteachers and staff, who are committed to providing the best education for their students.

For more information on REACH SOUTH ACADEMY TRUST, including their sustainability efforts and individual school websites, you can visit their official website at www.reachsouth.org. The trust's registered office address is: REACH SOUTH ACADEMY TRUST, 2nd Floor, Sherwell House, North Hill, Plymouth, PL4 8AT.

Financial Metrics

Cash
£6,826,566
Net Worth
£116,598,444
Total Current Assets
£16,876,338
Total Current Liabilities
£5,211,169

Company Location