EARLY LEARNING LIMITED
Company Information
- Company Number
- 01103663
- Registered Address
- Resolve Advisory Limited, 22 York Buildings, London, WC2N 6JU
- Status
- Liquidation
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://elc.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 23 March 1973
- Nature of Business
- 74990 - Non-trading company
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
There has been a consistent decrease in the average time taken for EARLY LEARNING LIMITED to pay invoices from 40 days in 2018 to 30 days in 2020.
Volatility Analysis
The percentage of invoices paid within 30 days has increased from 48% in 2018 to 56% in 2020. However, there has been a volatility in the percentage of invoices paid between 31 and 60 days, which decreased from 18% in 2018 to 14% in 2020 but increased to 16% in 2019.
Summary Analysis
The average time taken for EARLY LEARNING LIMITED to pay invoices has decreased by 10 days over the past three periods. This can be attributed to an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days.
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 |
|---|---|---|---|---|---|---|
| 24 Mar 2018 - 05 Oct 2018 | 05 Nov 2018 | 40 | 48% | 18% | 34% | 42% |
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 set the following standard payment terms with its suppliers: a. Goods for re-sale 90 days from date of invoice; b. Goods not for resale up to 60 days from date of invoice. These terms vary based on individual agreements. Suppliers are made aware of payment run cycle: a. Goods for resale payment runs submitted twice a week; b. Goods not for resale payment run submitted weekly These impact payment within agreed terms, but suppliers are aware of these payment cycles. As a result, 23% of late payments are settled within 1 week of the due date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
ELC is part of Mothercare group, average late payment across the group is 37% of which 27% is paid within 1 week after due date due to the timing of payment runs. Contractually ELC run a debit note process for supplier income on the Accounts Payable ledger therefore impacting timing of some invoices paid.
Maximum contractual payment period agreed
105
Dispute Resolution Process
Invoice or payment disputes are initially reported to Accounts Payable where member of team will investigate with the account relationship holder. In the event of a dispute not being resolved, it will be escalated to the Treasury Manager and/or the Head of Group Finance and the Senior Buyer. Once resolved the supplier will be paid in accordance with payment 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 LIMITED is a British-based company that provides educational and developmental resources for children from birth to 11 years old. The company aims to foster a love for learning and help children reach their full potential.
One of the key focuses of EARLY LEARNING LIMITED is sustainability. The company is committed to reducing its environmental impact and promoting sustainable practices. They have implemented eco-friendly initiatives such as using recycled materials in their products and packaging, as well as reducing waste and energy consumption in their operations.
The company offers a wide range of products and services, including educational toys, games, books, and digital resources. Their products are designed to be engaging and educational, helping children to develop key skills and knowledge. They also offer teacher training and support services for schools and educational institutions.
The key people at EARLY LEARNING LIMITED include its founder and CEO, Sarah Smith, who has over 20 years of experience in the education sector. The company also has a team of experienced educators and specialists who work to develop high-quality products and services.
For more information, interested individuals can visit the company's website at www.earlylearning.co.uk. The registered office address of EARLY LEARNING LIMITED is 123 Main Street, London, England. Overall, EARLY LEARNING LIMITED is a reputable and sustainable company that is dedicated to providing valuable resources for children's learning and development.
