SHERBORNE SCHOOL

PaymentCheck Score 2022
80Good
2.9vs last year
#1756 in UK
#86 in Education
#83 in South West

Company Information

Company Number
04002575
Registered Address
Sherborne School, Abbey Road, Sherborne, Dorset, DT9 3LF
Status
Active
Employee Count
475
Turnover
£26,762,000
EBITDA
£1,460,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
26 May 2000
Nature of Business
85310 - General secondary education
Industries
Education
Region
South West

Time to Pay

Average Time to Pay
31 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
65%
31-60 Days
34%
After 60 Days
1%
Not Paid Within Terms5%

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: 2023-02-02
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2022 - 31 Dec 202202 Feb 20233165%34%1%5%
01 Jan 2022 - 30 Jun 202222 Aug 20222665%34%1%3%
01 Jun 2021 - 31 Dec 202107 Feb 20223262%37%1%7%
01 Jan 2021 - 30 Jun 202123 Aug 20212760%38%2%7%
01 Jul 2020 - 31 Dec 202029 Jan 20212862%36%2%5%
01 Jan 2019 - 30 Jun 201925 Jul 20192664%35%1%24%
01 Jul 2018 - 31 Dec 201829 Jan 20193636%59%5%26%
01 Jan 2018 - 30 Jun 201830 Jul 20183741%55%4%51%

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 are paid according to supplier payment terms, so there is no standard contractual length of time.

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

60

Dispute Resolution Process

We have very few disputes relating to payment with suppliers, and those which do arise are quickly resolved. Telephone or email correspondence would take place in the first instance, between our Purchase Ledger Administrator and the supplier, which could involve dealing with individuals at an increasing level of seniority in the supplier organisation; if no resolution, the case would be passed to the Group Accountant, and ultimately the Bursar.

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

Sherborne School is a prestigious independent boys' school located in the historic town of Sherborne, Dorset. Founded in 1550, the school has a rich history and a strong commitment to academic excellence and character development.

The school offers a wide range of academic, cultural, and sporting activities to its students, including a rigorous academic curriculum, music and drama programs, and a variety of sports teams. The school also has a strong focus on sustainability, with various initiatives and programs in place to promote environmental awareness and responsibility among its students.

One of the key sustainability programs at Sherborne School is the "Green Guardians" initiative, which involves students in activities such as recycling, composting, and reducing energy consumption. The school also has a "green committee" made up of students and staff who work together to implement sustainable practices on campus.

In terms of products and services, Sherborne School offers a high-quality education to its students, preparing them for admission to top universities and careers in various fields. The school also has a number of facilities available for hire, including its state-of-the-art sports center and performance hall.

The key people at Sherborne School include the Headmaster, Mr. Dominic Luckett, who leads the school with a clear vision and strong values, and the Board of Governors, who oversee the strategic direction and management of the school.

To learn more about Sherborne School and its sustainability efforts, visit their website at www.sherborne.org or contact them at their registered office address: Sherborne School, Abbey Road, Sherborne, Dorset, DT9 3LF.

Financial Metrics

Cash
£4,129,000
Net Worth
£43,530,000
Total Current Assets
£7,605,000
Total Current Liabilities
£6,319,000

Company Location