RM EDUCATIONAL RESOURCES LTD
Company Information
- Company Number
- 03100039
- Registered Address
- 142b Park Drive, Milton Park, Abingdon, Oxon, England, OX14 4SE
- Status
- Active
- Employee Count
- 508
- Turnover
- £114,367,000
- EBITDA
- -£10,130,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 8 September 1995
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- Education,Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for RM EDUCATIONAL RESOURCES LTD has fluctuated over the past three periods, with the highest average time to pay being 55 days in the period of Jun 2020-Nov 2020 and the lowest being 46 days in the period of Jun 2023-Nov 2023. Overall, there has been a slight decrease in the average time to pay over the past three periods, going from 55 days to 46 days.
Volatility Analysis
The volatility of RM EDUCATIONAL RESOURCES LTD's average time to pay has been relatively stable over the past three periods, with a range of 10 days between the highest and lowest average time to pay.
Summary Analysis
From Dec 2022 to Nov 2023, RM EDUCATIONAL RESOURCES LTD saw a significant decrease in the percentage of invoices paid within 30 days, going from 24% to 3%. This was accompanied by a decrease in the percentage of invoices paid between 31-60 days, going from 57% to 33%. However, the percentage of invoices paid later than 60 days also decreased from 19% to 64%, indicating an overall improvement in the timeliness of invoice payments.
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 Dec 2024 - 31 May 2025 | 30 Jun 2025 | 65 | 9% | 47% | 44% | 93% |
| 01 Jun 2024 - 30 Nov 2024 | 12 Dec 2024 | 49 | 29% | 54% | 17% | 40% |
| 01 Dec 2023 - 31 May 2024 | 25 Jun 2024 | 53 | 18% | 60% | 23% | 45% |
| 01 Jun 2023 - 30 Nov 2023 | 14 Dec 2023 | 46 | 35% | 47% | 18% | 89% |
| 01 Dec 2022 - 31 May 2023 | 27 Jun 2023 | 76 | 3% | 33% | 64% | 97% |
| 01 Jun 2022 - 30 Nov 2022 | 20 Dec 2022 | 54 | 29% | 40% | 31% | 68% |
| 01 Dec 2021 - 31 May 2022 | 28 Jun 2022 | 51 | 24% | 57% | 19% | 17% |
| 01 Jun 2021 - 30 Nov 2021 | 16 Dec 2021 | 51 | 22% | 60% | 18% | 10% |
| 01 Dec 2020 - 31 May 2021 | 15 Jun 2021 | 51 | 25% | 60% | 15% | 11% |
| 01 Jun 2020 - 30 Nov 2020 | 14 Dec 2020 | 55 | 18% | 65% | 17% | 16% |
| 01 Dec 2019 - 31 May 2020 | 22 Jun 2020 | 55 | 23% | 61% | 16% | 18% |
| 01 Jun 2019 - 30 Nov 2019 | 19 Dec 2019 | 51 | 32% | 56% | 12% | 12% |
| 01 Dec 2018 - 31 May 2019 | 26 Jun 2019 | 51 | 8% | 53% | 39% | 24% |
| 01 Jun 2018 - 30 Nov 2018 | 20 Dec 2018 | 55 | 9% | 55% | 36% | 68% |
| 01 Dec 2017 - 31 May 2018 | 22 Jun 2018 | 50 | 11% | 61% | 28% | 63% |
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
Majority are 60 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
90
Dispute Resolution Process
Disputes must be raised with the Accounts Payable team accountspayable@tts-group.co.uk
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
RM Educational Resources Ltd is a leading provider of educational resources and services in the UK. The company offers a wide range of products and services to schools, colleges, and universities, with a focus on sustainability and innovation.
The company's sustainability program is a key aspect of its operations, with a commitment to reducing its carbon footprint and promoting environmentally friendly practices. This includes using sustainable materials in its products and reducing waste through recycling and responsible sourcing.
RM Educational Resources Ltd offers a variety of products and services, including digital learning resources, interactive whiteboards, and educational software. They also provide training and support services to help educators make the most of their products.
The key people at RM Educational Resources Ltd include CEO David Brooks, who has over 20 years of experience in the education sector, and CFO Helen Bingle, who oversees the company's financial operations. The company also has a team of experienced educators who work closely with schools and teachers to develop innovative products and services.
For further information, customers can visit the company's website at www.rm.com or contact their registered office at 140 Eastern Avenue, Milton Park, Abingdon, Oxfordshire, OX14 4SB. RM Educational Resources Ltd is committed to providing high-quality, sustainable solutions to support the education sector in the UK.
