CHILDREN FIRST ACADEMY TRUST
Company Information
- Company Number
- 11834165
- Registered Address
- Wilbury Primary School Wilbury Way, Edmonton, London, United Kingdom, N18 1DE
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 19 February 2019
- Nature of Business
- 85590 - Other education not elsewhere classified
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
CHILDREN FIRST ACADEMY TRUST demonstrates an exceptionally strong payment trend with an average payment time of just 6 days. A remarkable 96% of invoices are paid within 30 days, indicating consistent and rapid cash flow for suppliers. There is no historical data suggesting payments extending beyond 60 days, reinforcing a very positive payment trajectory.
Volatility Analysis
Despite the rapid payment speed, 38% of payments are classified as 'late,' suggesting some unpredictability regarding adherence to exact due dates, even if the actual delay is minimal. While the risk of extended non-payment is negligible, suppliers should be aware that initial payment terms may be frequently exceeded. This implies a minor degree of operational volatility, though not financial instability.
Summary Analysis
Overall, CHILDREN FIRST ACADEMY TRUST presents a very low payment risk for suppliers, characterized by exceptionally fast average payment times and virtually no long-term defaults. Suppliers can expect prompt payment, though nearly two-fifths of invoices may technically be paid after their due date, which should be factored into cash flow projections. A supplier may consider offering favorable terms given the swift payment behavior, while monitoring the 'late' percentage for any material changes.
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 Dec 2024 - 28 Feb 2025 | 02 Apr 2025 | 6 | 96% | 4% | 0% | 38% |
| 01 Mar 2024 - 31 Aug 2024 | 11 Dec 2024 | 4 | 99% | 1% | 0% | 42% |
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 terms a. The Supplier shall invoice the Customer for I.(if this contract is for the supply of goods only) the Goods no sooner than completion of delivery of the Goods or, if later, the Customer’s acceptance of the Goods or otherwise II. (if this contract is for the supply of goods and services no sooner than Completion of the Deliverables b. The Price for the Goods/Services shall become due upon receipt of the invoice by the Customer (the “Due Date”) c. The final date of payment of the Price shall be 30 days (unless otherwise agreed) from the due date (the “Final Date of Payment”) d. To the extent that the Customer wishes to make any deductions from the Price to be paid to the Customer, he/she shall notify the Customer in writing no later than 7 days before the Final Date of Payment by the issue of a Pay Less Notice to the Customer. Where the Customer has issued a Pay Less Notice to the Supplier, the price to be paid for the Deliverables shall be the price stated in the Pay Less Notice. e. VAT shall be charged by the Supplier and paid by the Customer at the then applicable rate.
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
If any invoice is disputed, the Trust Central Finance team (who can be contacted by phone or email) will contact the Supplier and resolve the dispute in a timely manner. The Supplier will be required to provide proof of delivery or other evidence (of compliance to the terms of procurement (Order) including place and time of delivery) upon request, in case of dispute. Payment of Goods or Deliverables shall not be conclusive evidence that Completion has occurred or that the Goods or Deliverables are compliant or satisfactory. g. Where sums due under the Contract are not paid in full by the Final Date of Payment, to compensate the Supplier for all loss from the Customer’s breach, the Customer shall pay on the sum of overdue interest (before and after judgement) on a daily basis from 30 days after the Final Date of Payment until payment in full at the rate of 5 per cent per annum above the official bank rate from the time to time of the Bank of England. The Supplier acknowledges that this is the substantial remedy for the purposes of Late Payment of Commercial Debts (Interest) Act 1998.
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.
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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.
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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.
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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
CHILDREN FIRST ACADEMY TRUST is an active Private Limited Company by guarantee, operating with an exemption from using 'Limited' in its name. Its structure as an Academy Trust indicates its core function is the governance and operation of educational institutions.
Incorporated on 19 February 2019, the company holds company number 11834165. Its registered office is located at Wilbury Primary School Wilbury Way, Edmonton, London, United Kingdom, N18 1DE.
Companies of this type typically provide educational services by managing and operating academies, which are state-funded schools. Their activities include curriculum development, safeguarding children, staff management, and ensuring high educational standards across their schools.
