LONDON SCHOOL OF ECONOMICS POLITICAL SCIENCE
Company Information
- Company Number
- 00070527
- Registered Address
- Lse, Houghton Street, London, WC2A 2AE
- Status
- Active
- Employee Count
- 3,352
- Turnover
- £530,722,000
- EBITDA
- £198,629,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 18 June 1901
- Nature of Business
- 85421 - First-degree level higher education85422 - Post-graduate level higher education
- Industries
- Education
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for LONDON SCHOOL OF ECONOMICS & POLITICAL SCIENCE to pay invoices has increased over the three periods, going from 30 days in the first period to 33 days in the most recent period.
Volatility Analysis
The percentage of invoices paid within 30 days has remained consistent at 91% in all three periods. However, there has been an increase in the percentage of invoices paid later than 60 days, going from 5% in the first period to 7% in the most recent period.
Summary Analysis
Overall, LONDON SCHOOL OF ECONOMICS & POLITICAL SCIENCE has shown a slight increase in the average time taken to pay invoices and a slight decrease in the percentage of invoices paid within agreed terms. However, the company has maintained a high percentage of invoices paid within 30 days throughout all three periods.
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 Feb 2019 - 31 Jul 2019 | 04 Sept 2019 | 31 | 91% | 4% | 5% | 9% |
| 01 Aug 2018 - 31 Jan 2019 | 04 Sept 2019 | 30 | 91% | 4% | 5% | 9% |
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 are 30 days net from receipt of invoice
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
We use a ticketing system to deal with supplier queries and have an SLA of 2 working days for first response, and 5 working days for resolution. Rules are in place to escalate queries to senior staff at 12 and 30 working days. The School recognises its responsibility to deal fairly with its suppliers to ensure that they are able to sustain their businesses. To this end we work to pay all approved invoices in accordance with the agreed terms of payment, which are available on the School’s website.
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
The London School of Economics & Political Science (LSE) is a world-renowned institution for higher education, specializing in social sciences. Located in the heart of London, LSE offers a diverse range of courses and research opportunities to students from all over the world.
In addition to its academic programs, LSE is committed to promoting sustainability through its various initiatives and programs. The school has a Sustainability Strategy in place, which focuses on reducing its environmental impact through energy efficiency, waste management, and sustainable procurement. LSE also actively promotes sustainable practices among its staff and students, and hosts events and workshops on sustainability and climate change.
LSE offers a wide range of products and services to its students, faculty, and the wider community. These include academic publications, online resources, and career development services. The school also has a strong presence on social media, keeping its followers updated on the latest news and events.
Key people at LSE include its Director, Dame Minouche Shafik, who is responsible for the overall management and strategic direction of the school. The Director is supported by a team of senior leaders, including the Pro-Director for Research, the Pro-Director for Education, and the Chief Operating Officer.
To learn more about LSE, its sustainability program, and its products and services, interested individuals can visit the school's website at www.lse.ac.uk. The registered office address for LSE is Houghton Street, London WC2A 2AE, United Kingdom.
