THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC
Company Information
- Company Number
- 01926395
- Registered Address
- 4 London Wall Place, London, United Kingdom, EC2Y 5AU
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 26 June 1985
- Nature of Business
- 85590 - Other education not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC exhibits an exceptionally rapid payment trend, with an average payment time of just 5 days. A remarkable 99% of invoices are settled within 30 days, indicating consistent and prompt payment behavior. This strong trajectory suggests a reliable and efficient payment process for suppliers.
Volatility Analysis
Payment reliability is extremely high, with only 1% of payments being late and none extending beyond 60 days. This demonstrates high predictability and minimal payment volatility for suppliers. Consequently, the risk factors associated with late or extended payments from this entity are negligible.
Summary Analysis
Given the outstanding payment metrics, suppliers can confidently engage with THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC. Key decision factors include their average 5-day payment time and 99% on-time rate, signifying excellent cash flow predictability. No specific risk mitigation strategies are required beyond standard contract terms due to their highly reliable payment performance.
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 Feb 2025 - 31 Jul 2025 | 13 Aug 2025 | 5 | 99% | 1% | 0% | 1% |
| 01 Aug 2023 - 31 Jan 2024 | 01 Mar 2024 | 5 | 98% | 1% | 1% | 2% |
| 01 Feb 2023 - 31 Jul 2023 | 01 Mar 2024 | 5 | 98% | 1% | 1% | 2% |
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
Supplier invoices: ABRSM’s policy for the payment of supplier invoices is to pay all invoices promptly in accordance with the government guidelines. Where there is no contractual provision, ABRSM will make the payment within 30 days of the invoice date, following receipt of the invoice and after authorisation. Examiner fees: There is no contractual provision regarding payment of examiner fees. ABRSM aims to pay examiners one week after an examiner fee submitted.
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
Escalation to senior Finance staff: Head of Transactional Finance and Chief Financial Officer.
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
THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC operates as an organisation identifying with the provision or oversight of music education and examinations
As a Private Limited Company by guarantee without share capital, its activities are typically focused on fulfilling its stated mission rather than distributing profits to shareholders
This active company was incorporated on 26 June 1985, registered under company number 01926395
Its registered office is located in London, United Kingdom, at 4 London Wall Place, EC2Y 5AU
As a Private Limited Company by guarantee operating within an educational or professional context in the UK, it typically specialises in establishing educational standards, developing syllabuses, and conducting examinations
This leads to the provision of qualifications and certifications within its specific domain
