JISC SERVICES LIMITED
Company Information
- Company Number
- 02881024
- Registered Address
- 4 Portwall Lane, Bristol, England, BS1 6NB
- Status
- Active
- Employee Count
- 303
- Turnover
- £98,185,000
- EBITDA
- £14,978,000
Additional Details
- Website
- https://jisc.ac.uk
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 10 December 1993
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- Safety And Security, Software
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for JISC SERVICES LIMITED shows an overall increase in the average time taken to pay invoices to suppliers, with a peak at 69 days in the period between Feb 2022 and July 2022. The trend also shows a decrease in the percentage of invoices paid within 30 days, and an increase in the percentage of invoices paid later than 60 days.
Volatility Analysis
The data for JISC SERVICES LIMITED shows some volatility in the average time taken to pay invoices, with a fluctuation between 40 and 69 days. Additionally, there is some volatility in the percentage of invoices paid within 30 days, with a range of 53% to 67%. The percentage of invoices paid later than 60 days also shows some volatility, with a range of 30% to 39%.
Summary Analysis
The data for JISC SERVICES LIMITED shows an overall increase in the average time taken to pay invoices, with a peak at 69 days in the period between Feb 2022 and July 2022. There has been a decrease in the percentage of invoices paid within 30 days, from 67% in Feb 2020 - July 2020 to 57% in Feb 2023 - July 2023. The percentage of invoices paid later than 60 days has also increased, from 16% to 30% in the same time period. The best period for JISC SERVICES LIMITED in terms of early payment was Feb 2020 - July 2020, with 67% of invoices paid within 30 days, while the worst period was Aug 2022 - Jan 2023, with only 49% of invoices paid within 30 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 |
|---|---|---|---|---|---|---|
| 01 Aug 2024 - 31 Jan 2025 | 12 Feb 2025 | 46 | 63% | 22% | 15% | 37% |
| 01 Aug 2023 - 31 Jan 2024 | 22 Feb 2024 | 48 | 64% | 16% | 20% | 36% |
| 01 Feb 2023 - 31 Jul 2023 | 29 Aug 2023 | 59 | 57% | 13% | 30% | 43% |
| 01 Aug 2022 - 31 Jan 2023 | 23 Feb 2023 | 54 | 54% | 15% | 31% | 46% |
| 01 Feb 2022 - 31 Jul 2022 | 30 Aug 2022 | 69 | 51% | 10% | 39% | 49% |
| 01 Aug 2021 - 31 Jan 2022 | 28 Feb 2022 | 68 | 49% | 21% | 30% | 51% |
| 01 Feb 2021 - 31 Jul 2021 | 27 Aug 2021 | 63 | 56% | 12% | 32% | 44% |
| 01 Aug 2020 - 31 Jan 2021 | 01 Mar 2021 | 49 | 53% | 16% | 31% | 47% |
| 01 Feb 2020 - 31 Jul 2020 | 25 Aug 2020 | 40 | 67% | 17% | 16% | 33% |
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
Invoices for the deliverables may be sent to us on, or after, completion of performance. Each invoice must quote the number of our order. No sum may be invoiced more than six months late. Unless otherwise stated in the order, we will pay the contract price within 30 days of the end of the month in which we receive the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
41% of invoices received from our suppliers relate to contracts where we pay the supplier after receipt of payment from our customer (flowthrough payments for licensing agreements). This can leave balances remaining on part-paid invoices while we pursue the customer debts which results in extended payment terms with our supplier.
Maximum contractual payment period agreed
30
Dispute Resolution Process
All invoices should be sent to accountspayable@jisc.ac.uk where they will be registered to the finance system and matched to a purchase order or contract. Any issues will be raised with the purchaser of the goods and services and it is their responsibility to liaise with the supplier to resolve any disputes. Payment will be made once the purchaser has approved the invoice for payment.
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?
❌
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
JISC SERVICES LIMITED is a UK-based non-profit organization that provides digital technology and IT services to the education and research sectors. Their main focus is to support universities, colleges, and other learning institutions in the UK, helping them to enhance their digital capabilities and improve their overall efficiency.
The company offers a range of products and services, including digital infrastructure, software, and consultancy services. They also provide access to a wide range of digital resources and tools that can be used for teaching, learning, and research purposes.
One of the key areas of focus for JISC SERVICES LIMITED is sustainability. They are committed to promoting and supporting sustainable practices within the education sector, helping institutions to reduce their carbon footprint and become more environmentally friendly. This includes initiatives such as promoting the use of renewable energy, implementing sustainable procurement practices, and providing guidance on how to reduce energy consumption.
The company is led by a team of experienced professionals, with the CEO being Paul Feldman. They work closely with their members and partners to continually improve and develop their services, ensuring they meet the changing needs of the education and research sectors.
JISC SERVICES LIMITED can be contacted through their website at https://www.jisc.ac.uk/ or by visiting their registered office address at One Castlepark, Tower Hill, Bristol, BS2 0JA. Their website also provides further information on their products, services, and sustainability program.
