INCORPORATED BISHOPS STORTFORD COLLEGE ASSOCIATIONTHE
Company Information
- Company Number
- 00081130
- Registered Address
- School House, Maze Green Road, Bishop's Stortford, England, CM23 2PQ
- Status
- Active
- Employee Count
- 821
- Turnover
- £25,841,000
- EBITDA
- £128,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 2 June 1904
- Nature of Business
- 85200 - Primary education85310 - General secondary education
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for the average time taken to pay invoices for INCORPORATED BISHOP'S STORTFORD COLLEGE ASSOCIATION(THE) has been decreasing over the past three periods. From 2017 to 2022, the average time to pay has decreased from 31 days to 13 days. This indicates that the company has been paying their invoices more quickly over time.
Volatility Analysis
The volatility for the average time to pay invoices for INCORPORATED BISHOP'S STORTFORD COLLEGE ASSOCIATION(THE) has been relatively low over the past three periods. The average time to pay has only varied by 2 days, from 12 days to 14 days.
Summary Analysis
From 2017 to 2022, INCORPORATED BISHOP'S STORTFORD COLLEGE ASSOCIATION(THE) has shown a consistent improvement in paying their invoices in a timely manner. The average time to pay has decreased from 31 days to 13 days, with the company consistently paying the majority of their invoices within 30 days. The highest percentage of invoices paid later than 60 days was in the second period (2018-2019), with 5%, but this has since decreased to 4% in the most recent period (2021-2022). The company has also consistently maintained a standard payment period of 30 days.
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 2021 - 31 Jan 2022 | 20 Jul 2022 | 13 | 83% | 9% | 8% | 8% |
| 01 Feb 2021 - 31 Jul 2021 | 09 Aug 2021 | 14 | 88% | 6% | 6% | 6% |
| 01 Aug 2020 - 31 Jan 2021 | 19 Feb 2021 | 13 | 86% | 11% | 3% | 3% |
| 01 Feb 2020 - 31 Jul 2020 | 13 Oct 2020 | 12 | 90% | 5% | 5% | 5% |
| 01 Aug 2019 - 31 Jan 2020 | 18 Mar 2020 | 29 | 88% | 8% | 4% | 5% |
| 01 Feb 2019 - 31 Jul 2019 | 03 Sept 2019 | 28 | 89% | 6% | 5% | 5% |
| 01 Aug 2018 - 31 Jan 2019 | 09 Jul 2019 | 30 | 85% | 15% | 0% | 5% |
| 01 Aug 2017 - 31 Jan 2018 | 15 Mar 2018 | 31 | 73% | 17% | 10% | 10% |
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 pay our suppliers in accordance with their terms of payment. In the absence of detailed payment terms, we will pay them in 30 days.
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
60
Dispute Resolution Process
We will work with our suppliers and try to resolve any disputes as quickly as possible. We will arrange payment for the amount agreed first and only withhold the amount in dispute until resolved.
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 Incorporated Bishop's Stortford College Association (also known as THE) is a non-profit organization based in Bishop's Stortford, Hertfordshire. The association focuses on providing education and support to students in the local community.
One of their key initiatives is their sustainability program, which aims to educate students and the community on environmental issues and promote sustainable practices. This includes implementing recycling programs, using renewable energy sources, and promoting sustainable transportation methods.
THE also offers a range of products and services to support their educational mission. This includes a variety of educational programs, such as after-school clubs and summer camps, as well as support services for students with special needs.
The association is led by a team of dedicated individuals, including the board of trustees, who oversee the organization's operations and strategic direction. The registered office address for THE is located at Bishop's Stortford College, 10 Maze Green Road, Bishop's Stortford, Hertfordshire, CM23 2PJ.
For more information on THE and their initiatives, including how to get involved or support their mission, please visit their website at http://www.bscassociation.org.uk/.
