THE PIRBRIGHT INSTITUTE
Company Information
- Company Number
- 00559784
- Registered Address
- The Pirbright Institute Ash Road, Pirbright, Woking, England, GU24 0NF
- Status
- Active
- Employee Count
- 398
- Turnover
- £52,700,000
- EBITDA
- £5,173,000
Additional Details
- Website
- https://www.pirbright.ac.uk/
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 7 January 1956
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Agriculture, Life Sciences And Medical Technology
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
THE PIRBRIGHT INSTITUTE's average payment time is 31 days, indicating a slight tendency to pay just beyond the typical 30-day window. While 41% are settled promptly within 30 days, the majority (57%) consistently fall into the 31-60 day bracket, suggesting a regular pattern of payments extending slightly past immediate terms. Only a minimal 2% of payments exceed 60 days, demonstrating good control over severely delayed invoices.
Volatility Analysis
The payment profile suggests moderate predictability, with a significant 57% of payments consistently falling into the 31-60 day range. However, the 35% late payment rate introduces a notable risk of invoices regularly exceeding agreed-upon terms, potentially impacting a supplier's cash flow planning. Despite this, the minimal 2% of payments exceeding 60 days indicates a low risk of extremely prolonged payment delays.
Summary Analysis
Suppliers should anticipate an average payment cycle of approximately 31-60 days, recognizing that over a third of payments are officially late. While extreme delays are rare, suppliers must factor the 35% late rate into their cash flow projections and expectations. It is advisable to establish clear payment terms and consider proactive follow-ups to manage potential slight delays effectively.
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 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 22 | 86% | 14% | 0% | 19% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 30 | 40% | 58% | 2% | 44% |
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
The Pirbright Institute has standard payment terms of 30 days and this is applied by the vast majority of suppliers although a few offer slightly longer terms of 45 days or end of month following date of invoice. A few suppliers have shorter terms which range from 0 to 28 days.
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
45
Dispute Resolution Process
The Pirbright Institute places great importance on maintaining strong and healthy supplier relationships. We have a dedicated accounts payable team who liaise with the relevant requisitioner/approver in any disputes with suppliers.
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
THE PIRBRIGHT INSTITUTE is an active private company limited by guarantee without share capital. Operating as an institute, it typically functions as a specialised organisation dedicated to research, education, or professional development within its field.
THE PIRBRIGHT INSTITUTE was incorporated on 7 January 1956 and holds company number 00559784. Its registered office is located at The Pirbright Institute Ash Road, Pirbright, Woking, England, GU24 0NF, placing its operations within the South East of England.
Companies structured as private companies limited by guarantee without share capital, such as THE PIRBRIGHT INSTITUTE, commonly provide services related to their specific mission, rather than commercial products for profit. These services often include conducting specialist research, delivering educational programmes, and promoting knowledge dissemination or professional standards.
