TQ EDUCATION AND TRAINING LIMITED

PaymentCheck Score 2025
87Good
2.5vs last year
#1185 in UK
#39 in Education
#534 in London

Company Information

Company Number
00604934
Registered Address
80 Strand, London, England, WC2R 0RL
Status
Active
Employee Count
249
Turnover
£16,400,000
EBITDA
£3,204,000

Additional Details

Company Type
Private limited Company
Incorporated On
21 May 1958
Nature of Business
85320 - Technical and vocational secondary education
85590 - Other education not elsewhere classified
Industries
Education,Professional Services
Region
London

Time to Pay

Average Time to Pay
24 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
92%
31-60 Days
7%
After 60 Days
1%
Not Paid Within Terms10%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20252989%8%3%15%
01 Jul 2024 - 31 Dec 202428 Jan 20252492%7%1%10%
01 Jan 2024 - 30 Jun 202422 Jul 20242986%11%3%16%
01 Jul 2023 - 31 Dec 202323 Jan 20242889%8%3%16%
01 Jul 2022 - 31 Dec 202217 Jan 20232692%6%2%12%
01 Jan 2022 - 30 Jun 202225 Jul 20223786%11%3%19%
01 Jul 2021 - 31 Dec 202128 Jan 20222586%13%1%14%
01 Jul 2019 - 31 Dec 201931 Jan 20202596%2%2%9%
01 Jan 2018 - 30 Jun 201826 Jul 20182676%16%8%36%

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

30 days from receipt of invoice

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

Dispute Resolution Process

If the supplier wishes to raise a dispute they should use the below process: Contact the Source to Pay helpdesk by email at supplier@pearson.com. Suppliers will receive a ticket number by return email. This team is the first point of contact for supplier queries. Suppliers may contact the Helpdesk with all queries, including disputes. The Helpdesk have full visibility of the invoice status at all times and are well placed to support the supplier in answering their query. This includes escalating the matter to the relevant person in the business as and when required in order for the dispute to be resolved. Should queries not be resolved within an agreed time frame by the Helpdesk, suppliers can escalate their query by emailing stpqueryescalation@pearson.com and quoting the original ticket number.

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

TQ Education and Training Limited is a UK-based company that provides a wide range of education and training services. The company is committed to sustainability and offers various programs and products to promote environmental responsibility.

Their sustainability program includes initiatives such as reducing energy consumption, waste management, and promoting eco-friendly practices. They also offer training courses on sustainability for individuals and businesses.

TQ Education and Training Limited offers a variety of products and services including vocational qualifications, apprenticeships, and professional development courses. They also provide consultancy services to schools, colleges, and other educational institutions.

The key people behind TQ Education and Training Limited are its directors, David and Ruth Johnson. They have extensive experience in the education and training industry and are dedicated to providing high-quality services.

The company's website address is www.tqtraining.co.uk where interested individuals and businesses can find more information about their programs and services. Their registered office address is 1-3 Lower John Street, London, W1F 9BL.

In summary, TQ Education and Training Limited is a reputable company that offers a range of education and training services with a strong focus on sustainability. Their commitment to environmental responsibility, along with their high-quality products and services, make them a top choice for individuals and businesses looking to improve their skills and knowledge.

Financial Metrics

Cash
£539,000
Net Worth
£11,099,000
Total Current Assets
£15,376,000
Total Current Liabilities
£4,570,000

Company Location