TRINITY LABAN CONSERVATOIRE OF MUSIC AND DANCE
Company Information
- Company Number
- 00051090
- Registered Address
- King Charles Court, Old Royal Naval College, Greenwich, London, SE10 9JF
- Status
- Active
- Employee Count
- 395.0
- Turnover
- 26787000.0
- EBITDA
- -607000.0
Additional Details
- Website
- https://trinitylaban.ac.uk
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 1 February 1897
- Nature of Business
- 85421 - First-degree level higher education$85422 - Post-graduate level higher education$85590 - Other education not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Aug 2023 - 31 Jan 2024 | 07 Feb 2024 | 40 | 63% | 22% | 14% | 34% |
| 01 Feb 2023 - 31 Jul 2023 | 11 Aug 2023 | 43 | 61% | 26% | 13% | 36% |
| 01 Aug 2022 - 31 Jan 2023 | 23 Feb 2023 | 43 | 55% | 28% | 17% | 41% |
| 01 Feb 2022 - 31 Jul 2022 | 17 Aug 2022 | 45 | 58% | 27% | 16% | 38% |
| 01 Aug 2021 - 31 Jan 2022 | 28 Feb 2022 | 41 | 59% | 27% | 14% | 39% |
| 01 Feb 2021 - 31 Jul 2021 | 24 Aug 2021 | 38 | 71% | 19% | 10% | 24% |
| 01 Aug 2020 - 31 Jan 2021 | 24 Feb 2021 | 47 | 59% | 24% | 17% | 37% |
| 01 Feb 2020 - 31 Jul 2020 | 25 Aug 2020 | 44 | 59% | 24% | 17% | 36% |
Company Summary
TRINITY LABAN CONSERVATOIRE OF MUSIC AND DANCE is a leading institution in the UK for music and dance education, offering a wide range of courses for students at all levels
The conservatoire is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes measures such as using renewable energy sources, reducing waste, and promoting sustainable travel options for staff and students
They also have a recycling scheme in place and have installed energy-efficient lighting and heating systems in their buildings
The conservatoire offers a variety of products and services, including undergraduate and postgraduate degree programs in music and dance, as well as short courses and summer schools for all ages
They also have a range of performance venues, including a purpose-built dance theatre, where students can showcase their talents
The key people at TRINITY LABAN CONSERVATOIRE OF MUSIC AND DANCE include the Principal, Prof
Anthony Bowne, and the Director of Music, Prof
John Wallace
The conservatoire also has a team of experienced and highly qualified faculty members, who are dedicated to providing high-quality education in music and dance
For more information on the conservatoire's programs, performances, and sustainability efforts, interested individuals can visit their website at www.trinitylaban.ac.uk
Their registered office address is King Charles Court, Old Royal Naval College, London SE10 9JF
Company Review
Trend Analysis
Overall, the average time taken for TRINITY LABAN CONSERVATOIRE OF MUSIC AND DANCE to pay its invoices has remained fairly consistent over the past three periods, ranging from 38 to 47 days. However, there has been a slight increase in the percentage of invoices paid within 30 days, indicating a potential improvement in payment efficiency. Additionally, the percentage of invoices paid later than 60 days has decreased over the same period, potentially indicating better management of payment timelines.
Volatility Analysis
The volatility of payment timelines for TRINITY LABAN CONSERVATOIRE OF MUSIC AND DANCE appears to be relatively low, with minimal fluctuations in the average time taken to pay invoices and the percentage of invoices paid within 30 days. However, there is some volatility in the percentage of invoices paid later than 60 days, with a decrease in this figure in the most recent period after a slight increase in the previous period.
Summary Analysis
TRINITY LABAN CONSERVATOIRE OF MUSIC AND DANCE has maintained an average time of 44-47 days to pay invoices over the past three periods. However, there has been a slight improvement in payment efficiency as the percentage of invoices paid within 30 days has increased from 59% to 63%. The percentage of invoices paid later than 60 days has also decreased from 17% to 14%. The shortest standard payment period remains at 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
TL standard payment terms for all purchases of goods and services are 30 days from the date of the invoice, providing that all trading terms and conditions have been fulfilled (i.e. goods and services have been delivered or provided). Per the financial regulations, we should pay 30 days from date of receipt of invoice: Once the Goods and/or Services have been delivered in accordance with Clause 5 of the Contract the Seller shall send a Correct Invoice for the Goods and/or Services which shall identify the HEI’s Purchase Order number, and the HEI shall pay such invoice if correctly rendered within 30 days of receipt.
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
If there is a disputed purchase invoice the supplier should initially contract the finance department by email at accountspayable@trinitylaban.ac.uk. This will be dealt with the Financial Controller and then escalated to the Head of Finance, or Director of Finance if necessary. Usually any email will be answered within 5 working days. Per the financial regulations: The Contract shall in all respects be governed by and construed in accordance with English law and shall be deemed to have been made in England and the parties agree to submit to the nonexclusive jurisdiction of the courts of England. 24.2 All disputes arising out of or in connection with this Contract shall be resolved by arbitration. A single arbitrator shall be appointed by agreement between the parties but where the parties fail to reach agreement within 7 days, by the President of the Law Society of England and Wales.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available