FALMOUTH EXETER PLUS
Company Information
- Company Number
- 05103240
- Registered Address
- Falmouth Exeter Plus, Penryn Campus, Penryn, Cornwall, TR10 9FE
- Status
- Active
- Employee Count
- 353.0
- Turnover
- 36182000.0
- EBITDA
- 2614000.0
Additional Details
- Website
- https://fxu.org.uk
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 16 April 2004
- Nature of Business
- 85600 - Educational support services
- Industries
- 0
- Region
- South West
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Jan 2024 | 05 Feb 2024 | 17 | 90% | 8% | 2% | 17% |
01 Feb 2023 - 31 Jul 2023 | 14 Aug 2023 | 19 | 91% | 5% | 4% | 17% |
01 Aug 2022 - 31 Jan 2023 | 14 Feb 2023 | 19 | 90% | 7% | 3% | 17% |
01 Feb 2022 - 30 Aug 2022 | 06 Sept 2022 | 22 | 88% | 7% | 5% | 17% |
01 Aug 2021 - 31 Jan 2022 | 24 Feb 2022 | 23 | 83% | 11% | 6% | 17% |
01 Feb 2021 - 31 Jul 2021 | 10 Aug 2021 | 22 | 83% | 10% | 7% | 17% |
01 Aug 2020 - 31 Jan 2021 | 10 Aug 2021 | 25 | 82% | 12% | 6% | 18% |
01 Feb 2020 - 31 Jul 2020 | 21 Aug 2020 | 26 | 82% | 9% | 8% | 18% |
01 Aug 2019 - 31 Jan 2020 | 06 Apr 2020 | 19 | 87% | 8% | 5% | 13% |
01 Feb 2019 - 31 Jul 2019 | 26 Sept 2019 | 23 | 83% | 11% | 6% | 17% |
01 Aug 2018 - 31 Jan 2019 | 26 Sept 2019 | 20 | 86% | 10% | 4% | 14% |
01 Feb 2018 - 31 Jul 2018 | 23 Aug 2018 | 19 | 88% | 8% | 4% | 12% |
01 Aug 2017 - 31 Jan 2018 | 28 Mar 2018 | 20 | 87% | 10% | 3% | 13% |
Company Summary
FALMOUTH EXETER PLUS (FX Plus) is a company that manages the shared services of two universities - the University of Exeter and Falmouth University
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
FX Plus offers a wide range of products and services to students, staff, and visitors of both universities
These include accommodation, catering, events and conferences, IT services, and facilities management
The company also provides support services such as careers advice, student health and wellbeing, and disability support
One of the key people at FX Plus is the Managing Director, Tony Sanders
He oversees the day-to-day operations of the company and is responsible for its strategic direction
The company also has a dedicated Sustainability Manager, who leads the sustainability efforts and works closely with the universities to implement sustainable practices
FX Plus has a strong focus on sustainability and has received recognition for its efforts
The company has achieved ISO 14001 certification for its environmental management system and has won several awards for its sustainable practices, including the Green Gown Awards and the Cornwall Sustainability Awards
FX Plus has a dedicated sustainability program, which includes initiatives such as reducing energy consumption, promoting sustainable travel, and implementing waste reduction and recycling practices
The company also works closely with the universities to promote sustainability among students and staff through educational campaigns and events
The registered office address of FALMOUTH EXETER PLUS is Penryn Campus, Treliever Road, Penryn, Cornwall, TR10 9FE
The company's website address is www.fxplus.ac.uk, where more information about its services, sustainability efforts, and contact details can be found
Company Review
Trend Analysis
The average time taken for FALMOUTH EXETER PLUS to pay invoices has fluctuated over the past six years, with a slight overall increase from 20 days in 2017 to 23 days in 2021. However, there was a sharp increase in 2022 to 26 days before dropping back down to 19 days in 2023.
Volatility Analysis
FALMOUTH EXETER PLUS has shown moderate volatility in their payment patterns, with the percentage of invoices paid within 30 days ranging from 82% to 91% and the percentage of invoices paid later than 60 days ranging from 2% to 8%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
A complaint or concern is considered on a case by case basis by the Finance Department within mutually agreed timescales.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available