LOUGHBOROUGH SCHOOLS FOUNDATION

PaymentCheck Score 2023
82Good
0.4vs last year
#1708 in UK
#77 in Education
#54 in East Midlands

Company Information

Company Number
04038033
Registered Address
3 Burton Walks, Loughborough, Leicestershire, LE11 2DU
Status
Active
Employee Count
26
Turnover
£34,103,000
EBITDA
£2,845,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
20 July 2000
Nature of Business
85100 - Pre-primary education
85200 - Primary education
85310 - General secondary education
Industries
Education,Healthcare And Wellbeing
Region
East Midlands

Time to Pay

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

Payment Timeline

Within 30 Days
79%
31-60 Days
16%
After 60 Days
5%
Not Paid Within Terms21%

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: 2023-03-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2022 - 28 Feb 202322 Mar 20232879%16%5%21%
01 Mar 2022 - 31 Aug 202227 Sept 20222979%14%7%21%
01 Sept 2021 - 28 Feb 202218 Mar 20222878%17%5%22%
01 Mar 2021 - 31 Aug 202130 Sept 20212780%14%7%20%
01 Sept 2020 - 28 Feb 202123 Mar 20212683%12%5%17%
01 Mar 2020 - 31 Aug 202029 Sept 20203475%18%8%25%
01 Sept 2019 - 29 Feb 202013 Mar 20202875%20%5%25%
01 Sept 2018 - 28 Feb 201915 Mar 20192682%15%3%18%

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

Most payment terms are 30 days, however some are 14 days and others are end of month following date of invoice

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

n/a

Maximum contractual payment period agreed

60

Dispute Resolution Process

The dispute is taken up by the authoriser of the goods/services with the supplier. Payment is withheld until the dispute is resolved. Once resolved, the appropriate payment is made immediately

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

Loughborough Schools Foundation is a group of four independent schools located in Loughborough, Leicestershire, UK. The foundation is made up of Loughborough Grammar School, Loughborough High School, Fairfield Preparatory School, and Our Lady's Convent School.

The foundation is committed to providing high-quality education to its students, with a focus on academic excellence, personal development, and community involvement. In addition to their academic programs, the schools offer a range of extracurricular activities such as sports, music, drama, and community service.

One of the key priorities for Loughborough Schools Foundation is sustainability. The foundation has implemented various initiatives to reduce their environmental impact and promote sustainable practices. This includes using renewable energy sources, promoting recycling and waste reduction, and encouraging sustainable transportation methods such as cycling and public transport.

The foundation also offers a range of products and services, including catering and event services at their on-site dining facilities, as well as sports facilities and rental spaces for events. These services are available not only to the schools' students and staff but also to the wider community.

The key people involved in the foundation include the Headmaster of Loughborough Grammar School, Duncan Byrne, and the Headmistress of Loughborough High School, Gwen Byrom. They are supported by a team of dedicated teachers, staff, and governors.

The contact information for Loughborough Schools Foundation is as follows: Website: www.lsf.org Registered Office Address: Burton Walks, Loughborough, Leicestershire, LE11 2DU Telephone: +44 (0)1509 638280 Email: info@lsf.org

Financial Metrics

Cash
£6,971,000
Net Worth
£67,970,000
Total Current Assets
£7,940,000
Total Current Liabilities
£5,170,000

Company Location