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

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

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£167,000.00
Net Worth
£35,510,000.00
Total Current Assets
£2,038,000.00
Total Current Liabilities
£7,695,000.00
Reporting Period
2023-08-01 to 2024-01-31Filed: 2024-02-05

Time to Pay

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

Payment Timeline

Within 30 Days
90%
31-60 Days
8%
After 60 Days
2%
Not Paid Within Terms17%

Payment Features

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

Payment Time Trends

Jan 2024Jul 2023Jan 2023Aug 2022Jan 2022Jul 2021Jan 2021Jul 2020Jan 2020Jul 2019Jan 2019Jul 2018Jan 201807142128

Payment Distribution Trends

Jan 2024Jul 2023Jan 2023Aug 2022Jan 2022Jul 2021Jan 2021Jul 2020Jan 2020Jul 2019Jan 2019Jul 2018Jan 20180255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Aug 2023 - 31 Jan 202405 Feb 20241790%8%2%17%
01 Feb 2023 - 31 Jul 202314 Aug 20231991%5%4%17%
01 Aug 2022 - 31 Jan 202314 Feb 20231990%7%3%17%
01 Feb 2022 - 30 Aug 202206 Sept 20222288%7%5%17%
01 Aug 2021 - 31 Jan 202224 Feb 20222383%11%6%17%
01 Feb 2021 - 31 Jul 202110 Aug 20212283%10%7%17%
01 Aug 2020 - 31 Jan 202110 Aug 20212582%12%6%18%
01 Feb 2020 - 31 Jul 202021 Aug 20202682%9%8%18%
01 Aug 2019 - 31 Jan 202006 Apr 20201987%8%5%13%
01 Feb 2019 - 31 Jul 201926 Sept 20192383%11%6%17%
01 Aug 2018 - 31 Jan 201926 Sept 20192086%10%4%14%
01 Feb 2018 - 31 Jul 201823 Aug 20181988%8%4%12%
01 Aug 2017 - 31 Jan 201828 Mar 20182087%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.

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

BESbswy