DRAGON SCHOOL TRUST LIMITED
Company Information
- Company Number
- 00524331
- Registered Address
- Bardwell Road, Oxford, OX2 6SS
- Status
- Active
- Employee Count
- 318
- Turnover
- £20,938,000
- EBITDA
- £2,398,000
Additional Details
- Website
- https://dragonschool.org/
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 6 October 1953
- Nature of Business
- 85100 - Pre-primary education85200 - Primary education85310 - General secondary education
- Industries
- Education,Healthcare And Wellbeing
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for DRAGON SCHOOL TRUST LIMITED to pay invoices has decreased from 28 days in Sept 2017-Feb 2018 to 20 days in March 2023-Aug 2023. This shows a consistent trend of improving efficiency in invoice payments.
Volatility Analysis
The volatility in invoice payments for DRAGON SCHOOL TRUST LIMITED has been relatively low, with only a 3-day difference between the shortest (or only) standard payment period of 14 days and the longest of 17 days. This indicates a consistent payment schedule with minimal changes.
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 Sept 2023 - 29 Feb 2024 | 19 Mar 2024 | 24 | 93% | 4% | 3% | 7% |
| 01 Mar 2023 - 31 Aug 2023 | 18 Sept 2023 | 20 | 91% | 7% | 2% | 9% |
| 01 Sept 2022 - 28 Feb 2023 | 30 Mar 2023 | 24 | 92% | 6% | 2% | 8% |
| 01 Mar 2022 - 31 Aug 2022 | 26 Sept 2022 | 23 | 89% | 9% | 2% | 11% |
| 01 Sept 2021 - 28 Feb 2022 | 28 Mar 2022 | 23 | 92% | 5% | 3% | 8% |
| 01 Mar 2021 - 31 Aug 2021 | 14 Sept 2021 | 24 | 89% | 8% | 3% | 11% |
| 01 Sept 2020 - 28 Feb 2021 | 08 Mar 2021 | 25 | 92% | 5% | 3% | 8% |
| 01 Mar 2020 - 31 Aug 2020 | 24 Sept 2020 | 23 | 86% | 11% | 3% | 14% |
| 01 Sept 2019 - 29 Feb 2020 | 18 Mar 2020 | 24 | 89% | 7% | 4% | 11% |
| 01 Mar 2019 - 31 Aug 2019 | 17 Sept 2019 | 24 | 86% | 11% | 3% | 14% |
| 01 Sept 2018 - 28 Feb 2019 | 02 Apr 2019 | 27 | 82% | 12% | 5% | 17% |
| 01 Mar 2018 - 31 Aug 2018 | 21 Dec 2018 | 29 | 80% | 12% | 8% | 20% |
| 01 Sept 2017 - 28 Feb 2018 | 25 May 2018 | 28 | 77% | 17% | 6% | 23% |
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 contractual length for payment of invoices is 30 days. Any requests by suppliers to reduce this period are considered and usually complied with where possible.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Authorisation from the budget holder must be received before any payment can be made. Invoices can either be received by the finance office or the budget holder and if invoice is received soon after invoice date there is usually sufficient time to obtain authorisation and make the payment. If the invoice is delayed in getting to us, the time available to make payment within 30 days of the invoice date is reduced, but we use our best endeavours to make payment by that date.
Maximum contractual payment period agreed
30
Dispute Resolution Process
o The purchase ledger clerk will confirm with the supplier which invoices they believe are overdue. o The purchase ledger clerk will check the system to see if the invoices have been registered and will then check with the budget holder to ensure that the invoice is genuine and the goods or services had been ordered and received. If the invoices are agreed to be due, copy invoices are requested if they aren’t already on the system. Authorisation is then obtained from the budget holder and payment made, usually on the next weekly payment run. It is also recommended to the supplier that they email future invoices to the purchase ledger clerk so we can track them in future. o If invoices are on our system and authorised, purchase ledger clerk will see when they are due for payment. BACS runs operate each week (or fortnightly during some holidays) and if supplier is happy to wait for next BACS run, this is what will happen. If quicker payment is required, the supplier will be paid within three working days by cheque or bank transfer. o If invoices are on our system and not yet authorised, purchase ledger clerk will chase authorisation from the budget holder so they can be paid on the next BACS run. o If credit notes are being sought against goods or services received, the purchase ledger clerk will speak with the supplier on behalf of the budget holder, or the budget holder will speak with the supplier directly.
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
DRAGON SCHOOL TRUST LIMITED is a renowned educational institution in the United Kingdom, providing high-quality education to children from the age of 4 to 13. The school was founded in 1877 and has a rich history of academic excellence.
As a responsible organization, DRAGON SCHOOL TRUST LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact. The school has a comprehensive sustainability program that includes recycling, energy-efficient practices, and promoting sustainable transportation methods.
In addition to its focus on sustainability, DRAGON SCHOOL TRUST LIMITED offers a wide range of products and services to its students, including a rigorous academic curriculum, extensive extracurricular activities, and a supportive learning environment. The school also has a strong emphasis on character development and instilling values such as integrity, respect, and responsibility in its students.
Key people at DRAGON SCHOOL TRUST LIMITED include the Headmaster, Mr. John Baugh, who has been leading the institution since 2016, and the Board of Governors, which consists of experienced professionals and educators.
For more information, interested parties can visit the school's website at www.dragonschool.org. The registered office address for DRAGON SCHOOL TRUST LIMITED is Bardwell Road, Oxford OX2 6SS, United Kingdom.
