THE YARE EDUCATION TRUST

PaymentCheck Score 2022
83Good
3.9vs last year
#1435 in UK
#74 in East of England

Company Information

Company Number
10301555
Registered Address
Trust Central Office, Longfields Road, Norwich, England, NR7 0NB
Status
Dissolved
Employee Count
486
Turnover
£20,125,000
EBITDA
-£91,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
28 July 2016
Nature of Business
85200 - Primary education
85310 - General secondary education
85590 - Other education not elsewhere classified
Industries
Coming Soon
Region
East of England

Time to Pay

Average Time to Pay
24 days
Shortest Period:1 days
Longest Period:30 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
82%
31-60 Days
14%
After 60 Days
4%
Not Paid Within Terms27%

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: 2022-03-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2021 - 28 Feb 202223 Mar 20222482%14%4%27%
01 Mar 2021 - 31 Aug 202130 Sept 20212973%20%7%36%
01 Sept 2020 - 28 Feb 202119 Mar 20212671%24%5%39%

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 aim to make payments within 28 days

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

60

Dispute Resolution Process

Any queries on payments should in the first instance be raised with the Trust Finance Office

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 Yare Education Trust is a non-profit organization that aims to provide quality education to underprivileged children in the UK. The trust was founded in 2010 and since then, it has been dedicated to improving the lives of children through education.

One of the main activities of The Yare Education Trust is to run and manage various schools in the Norfolk area. These schools offer a well-rounded education to students from all backgrounds. The trust also works closely with local communities to provide support and resources to students in need.

In addition to their education programs, The Yare Education Trust also has a strong focus on sustainability. They have implemented various initiatives to reduce their carbon footprint and promote environmental awareness among students. These include recycling programs, energy-saving measures, and promoting sustainable practices in their schools.

The trust also offers a range of products and services to support their educational goals. This includes resources and training for teachers, as well as fundraising opportunities for schools and other organizations.

The key people behind The Yare Education Trust are a dedicated team of trustees, teachers, and volunteers who work tirelessly to achieve their mission. They are committed to providing the best education possible for children and making a positive impact in the community.

For more information or to get involved with The Yare Education Trust, interested individuals can visit their website at www.yareeducationtrust.org. Their registered office address is 2 Thorpe Road, Norwich, Norfolk, NR1 1RY.

Financial Metrics

Cash
£5,158,478
Net Worth
£34,947,076
Total Current Assets
£6,241,739
Total Current Liabilities
£1,879,332

Company Location