MERCHANT TAYLORS' SCHOOL

PaymentCheck Score 2022
68Fair
4.7vs last year
#2776 in UK
#169 in Education
#190 in East of England

Company Information

Company Number
03411540
Registered Address
Sandy Lodge, Northwood, Middlesex, HA6 2HT
Status
Active
Employee Count
397
Turnover
£31,636,000
EBITDA
£4,448,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
30 July 1997
Nature of Business
85310 - General secondary education
Industries
Education
Region
East of England

Time to Pay

Average Time to Pay
44 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
60%
31-60 Days
34%
After 60 Days
6%
Not Paid Within Terms40%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-11-11
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Mar 2022 - 31 Aug 202211 Nov 20224460%34%6%40%
01 Sept 2021 - 28 Feb 202211 Mar 20223070%19%11%30%
01 Mar 2021 - 31 Aug 202123 Sept 20213265%26%9%35%
01 Sept 2020 - 28 Feb 202119 Mar 20213472%17%11%28%
01 Mar 2020 - 31 Aug 202025 Sept 20203270%19%10%29%
01 Sept 2019 - 29 Feb 202017 Mar 20203272%18%10%28%
01 Sept 2018 - 28 Feb 201906 Mar 20193855%34%11%45%

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

We aim to pay our suppliers within 30 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

45

Dispute Resolution Process

Contact is made with the supplier if an invoice is in dispute, until such time as a resolution is reached.

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

Merchant Taylors' School is a prestigious and highly regarded independent school located in Northwood, London. Founded in 1561, the school has a long history of academic excellence and a strong commitment to sustainability.

The school's sustainability program includes a variety of initiatives aimed at reducing their environmental impact and promoting eco-friendly practices. This includes a recycling scheme, energy-efficient buildings, and encouraging students to use sustainable transportation methods such as walking or cycling to school.

In terms of products and services, Merchant Taylors' School offers a high-quality education for students aged 3 to 18. The school prides itself on its rigorous academic curriculum and a wide range of extracurricular activities, including sports, music, and drama. The school also has a strong focus on developing students' character and leadership skills.

The key people at Merchant Taylors' School include the Headmaster, Mr. David Bubb, who oversees the overall running of the school, and the teaching staff who are dedicated to providing a supportive and stimulating learning environment for students.

For more information on the school, their website address is www.mtsn.org.uk. The registered office address is Merchant Taylors' School, Sandy Lodge, Northwood, Middlesex, HA6 2HT. Prospective parents and students can also contact the school directly at admissions@mtsn.org.uk or by phone at +44 (0)1923 820 644.

Financial Metrics

Cash
£9,680,920
Net Worth
£46,701,876
Total Current Assets
£10,284,874
Total Current Liabilities
£5,552,437

Company Location