EARLY LEARNING CENTRE LIMITED
Company Information
- Company Number
- 00102194
- Registered Address
- Westside 1 London Road, Hemel Hempstead, United Kingdom, HP3 9TD
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- £32,000
Additional Details
- Website
- https://www.elc.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 25 March 1909
- Nature of Business
- 74990 - Non-trading company
- Industries
- Commerce Models, Healthcare And Wellbeing, Lifestyle And Entertainment
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time of 41 days for EARLY LEARNING CENTRE LIMITED indicates a general trend of slower payments, extending beyond standard 30-day terms. Only 45% of invoices are settled within 30 days, while a substantial 34% extend beyond 60 days, suggesting a consistent tendency towards delayed settlement. This pattern is reinforced by 46% of all payments being late, highlighting a clear trajectory of payment exceeding agreed-upon due dates.
Volatility Analysis
Payment reliability for EARLY LEARNING CENTRE LIMITED is low, with 46% of payments being late and a significant 34% extending beyond 60 days, demonstrating substantial unpredictability in payment timelines. The wide spread from 45% within 30 days to 34% over 60 days indicates considerable inconsistency, making future payment dates difficult to forecast accurately. This inconsistency, particularly the large proportion of very late payments, presents a significant risk factor for a supplier's cash flow management.
Summary Analysis
Suppliers engaging with EARLY LEARNING CENTRE LIMITED should exercise caution due to a consistent pattern of extended payment times and significant payment volatility. Key decision factors include the 46% late payment rate and the 34% of payments exceeding 60 days, which can severely impact a supplier's working capital. Risk mitigation strategies should consider shorter payment terms, stricter credit limits, or potentially requiring upfront payments for new or larger orders to protect cash flow.
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 |
|---|---|---|---|---|---|---|
| 06 Oct 2018 - 30 Mar 2019 | 01 May 2019 | 41 | 45% | 21% | 34% | 46% |
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
ELC has the following standard payment terms with its suppliers: Goods for re-sale 90 days from date of invoice Goods not for re-sale 60 days from date of invoice These terms vary based on individual agreements Suppliers are made aware of payment run cycles Goods for re-sale payment runs are submitted twice a week Goods not for resale payments are submitted once a week These impact payment within agreed terms but suppliers are aware of these payment cycles
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Contractually ELC deduct debit notes from invoices through Accounts Payable and this can impact the payment timing
Maximum contractual payment period agreed
105
Dispute Resolution Process
Disputes are dealt with on a case by case basis by the Accounts Payable team, passed to the relevant stakeholders for investigation and resolution Once resolved, the supplier will be paid in accordance with their terms or on the next available payment run
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
Company Summary
EARLY LEARNING CENTRE LIMITED is an active private limited company specialising in early childhood education and development. Its operations are focused on providing resources and services within the early learning sector.
Incorporated on 25 March 1909, the company operates under company number 00102194. Its registered office is situated at Westside 1 London Road, Hemel Hempstead, United Kingdom, HP3 9TD, placing its base of operations within the South East region.
Companies of this type, operating as early learning centres in the UK market, typically provide a diverse range of educational toys, books, and creative play equipment. These offerings are generally designed to support the cognitive, social, and physical development of infants and young children.
