GL EDUCATION GROUP LIMITED
Company Information
- Company Number
- 02603456
- Registered Address
- 1st Floor Vantage London, Great West Road, Brentford, United Kingdom, TW8 9AG
- Status
- Active
- Employee Count
- 66
- Turnover
- £39,000
- EBITDA
- £313,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 April 1991
- Nature of Business
- 58190 - Other publishing activities
- Industries
- Education
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for GL EDUCATION GROUP LIMITED to pay invoices has decreased from 51 days in Jan 2022 to 40 days in June 2022.
Volatility Analysis
The company has shown a fluctuation in its payment pattern with the highest percentage of invoices paid later than 60 days being 15% in Jan 2022 and the lowest being 0% in June 2022.
Summary Analysis
GL EDUCATION GROUP LIMITED has shown a significant improvement in their payment pattern over the last three periods. In Jan 2022, 15% of their invoices were paid later than 60 days, which decreased to 8% in Mar 2022 and further decreased to 1% in June 2022. This shows a positive trend towards early payment and a decrease in the percentage of invoices not paid within agreed terms.
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 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 40 | 34% | 51% | 15% | 15% |
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
60 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any complaints or concerns will be considered by the finance department in a timely manner.
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
GL Education Group Limited is a leading provider of educational assessment and data analysis services. Founded in 1989, the company has a strong commitment to sustainability and offers a range of products and services to support academic achievement and personal development.
Their sustainability program focuses on reducing their environmental impact through energy-efficient practices, waste reduction, and responsible sourcing. They also prioritize social responsibility, with initiatives such as supporting local communities and promoting diversity and inclusion within their workforce.
The company's products include assessments for students aged 3-19 in areas such as cognitive abilities, literacy, and numeracy. These assessments provide valuable insights for teachers, schools, and parents to help improve student learning. They also offer data analysis services to help schools track progress and make informed decisions.
Key people at GL Education Group Limited include the CEO, Greg Watson, and the Chairman, Andrew Thraves. The company's registered office address is 95 Saffron Hill, London, EC1N 8QU, United Kingdom. Their website address is https://www.gl-assessment.co.uk/, where more information about their products and services can be found.
