The average time taken for ALPHA PLUS GROUP LIMITED to pay invoices has generally decreased over the past three periods, with the most significant decrease occurring between the second and third periods. This indicates that the company is making efforts to pay invoices more quickly.
The percentage of invoices paid within 30 days has shown some fluctuations over the past three periods, with the highest percentage occurring in the second period and the lowest in the third period. However, overall, the percentage has remained relatively stable.
In the most recent period (Sep 2021 - Feb 2022), ALPHA PLUS GROUP LIMITED took an average of 34 days to pay invoices, with 59% of invoices being paid within 30 days, 33% being paid between 31 and 60 days, and 8% being paid later than 60 days. This is an improvement from the previous period (Mar 2021 - Aug 2021), where the company took an average of 37 days to pay invoices, with 58% of invoices being paid within 30 days, 32% being paid between 31 and 60 days, and 10% being paid later than 60 days.
| 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 Mar 2023 - 31 Aug 2023 | 28 Sept 2023 | 37 | 58% | 32% | 10% | 42% |
| 01 Sept 2022 - 28 Feb 2023 | 27 Mar 2023 | 35 | 64% | 26% | 10% | 36% |
| 01 Mar 2022 - 31 Aug 2022 | 30 Sept 2022 | 33 | 66% | 27% | 7% | 34% |
| 01 Sept 2021 - 28 Feb 2022 | 29 Mar 2022 | 34 | 58% | 35% | 7% | 42% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 34 | 59% | 33% | 8% | 41% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 36 | 57% | 34% | 9% | 43% |
| 01 Mar 2020 - 31 Aug 2020 | 28 Jan 2021 | 43 | 46% | 38% | 16% | 54% |
| 01 Sept 2019 - 29 Feb 2020 | 28 Jan 2021 | 34 | 54% | 39% | 7% | 46% |
| 01 Mar 2019 - 31 Aug 2019 | 18 Dec 2019 | 28 | 69% | 26% | 5% | 31% |
| 01 Sept 2018 - 28 Feb 2019 | 12 Apr 2019 | 29 | 61% | 33% | 6% | 39% |
| 01 Mar 2018 - 31 Aug 2018 | 13 Nov 2018 | 29 | 69% | 25% | 6% | 31% |
| 01 Sept 2017 - 28 Feb 2018 | 23 Mar 2018 | 34 | 57% | 34% | 9% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company deems 30 days to be its standard payment term unless specific agreement has been reached with a particular supplier.
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
Queries raised by suppliers would be considered by the Company's respective school or college in the first instance. If not resolved, the matter would be passed to the Company's Finance Department based at the Company's registered office.
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
Alpha Plus Group Limited is registered under SIC codes covering pre-primary, primary and general secondary education, alongside educational support services, and its industry tags indicate nurseries and schools. Evidence points to its connection with Falcons School in Chiswick, part of the wider Inspired Schools network of over 100 premium schools globally. The Falcons School site confirms the school is closing at the end of the current academic year, with pupils guaranteed transfer places at other Inspired-affiliated schools, including Fulham School and Wetherby School Kensington. The company therefore appears to operate, or have operated, within the independent school sector as part of a larger international schools group.
Generated from the company's website and Companies House records. Sources: falconschiswick.co.uk · falconschiswick.co.uk