GRESHAMS SCHOOL
Company Information
- Company Number
- 05196298
- Registered Address
- Gresham's School, Cromer Road, Holt, Norfolk, NR25 6EA
- Status
- Active
- Employee Count
- 402
- Turnover
- £20,041,000
- EBITDA
- £2,085,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 3 August 2004
- Nature of Business
- 85590 - Other education not elsewhere classified
- Industries
- Education
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for GRESHAM'S SCHOOL to pay invoices has fluctuated over the past three periods, with a decrease in 2021-2022 compared to 2020-2021 and an increase in 2022-2023 compared to 2021-2022. Overall, there has been a slight increase in the average time to pay invoices over the past three periods.
Volatility Analysis
The volatility of the average time to pay invoices for GRESHAM'S SCHOOL has been relatively low, with the largest change being a 6% increase in 2022-2023 compared to the previous period. However, there have been fluctuations in the percentages of invoices paid within 30 days and between 31 and 60 days, with the largest changes being a 13% decrease in invoices paid within 30 days in 2022-2023 compared to the previous period and a 17% increase in invoices paid between 31 and 60 days in 2020-2021 compared to the previous period.
Summary Analysis
From 2020-2021 to 2022-2023, GRESHAM'S SCHOOL has seen a decrease in the percentage of invoices paid within 30 days, with a 20% decrease in 2022-2023 compared to 2020-2021. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, with a 14% increase in 2022-2023 compared to 2020-2021. The percentage of invoices paid later than 60 days has also slightly increased, with a 2% increase in 2022-2023 compared to 2020-2021. In terms of the average time to pay, there has been a slight increase of 5 days from 2020-2021 to 2022-2023.
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 Sept 2023 - 29 Feb 2024 | 07 Mar 2024 | 22 | 82% | 16% | 2% | 18% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Sept 2023 | 22 | 83% | 15% | 2% | 12% |
| 01 Sept 2022 - 28 Feb 2023 | 02 Mar 2023 | 27 | 69% | 27% | 4% | 24% |
| 01 Mar 2022 - 31 Aug 2022 | 14 Sept 2022 | 29 | 66% | 30% | 4% | 22% |
| 01 Sept 2021 - 28 Feb 2022 | 02 Mar 2022 | 28 | 68% | 27% | 5% | 23% |
| 01 Sept 2020 - 28 Feb 2021 | 25 Mar 2021 | 33 | 52% | 42% | 6% | 45% |
| 01 Mar 2020 - 31 Aug 2020 | 21 Sept 2020 | 33 | 46% | 47% | 6% | 49% |
| 01 Sept 2019 - 29 Feb 2020 | 10 Mar 2020 | 28 | 66% | 30% | 4% | 31% |
| 01 Mar 2019 - 31 Aug 2019 | 27 Sept 2019 | 25 | 74% | 24% | 2% | 26% |
| 01 Sept 2018 - 28 Feb 2019 | 21 Mar 2019 | 10 | 98% | 2% | 0% | 5% |
| 01 Mar 2018 - 31 Aug 2018 | 18 Sept 2018 | 11 | 96% | 4% | 0% | 7% |
| 01 Sept 2017 - 28 Feb 2018 | 20 Mar 2018 | 28 | 64% | 29% | 7% | 7% |
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
• Standard contractual length for payment of invoices is 30 days unless requested to be less by the supplier in which case this is considered and usually accepted. Prior to making payment authorisation from the budget holder is required. If invoice is received soon after invoice date there is sufficient time to make the payment. If the invoice is delayed in getting to us this cuts the time available to make payment within 30 days of the invoice date, but we always endeavour to meet that date.
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
60
Dispute Resolution Process
• The business process for resolving disputes related to payment is as follows: o Purchase ledger administrator speaks with supplier to determine which invoices they deem not to have been paid. o The purchase ledger administrator will first check if the invoices are on our system. If they are not copy invoices are requested and noted with the supplier that we will not be able to pay them until the budget holder has authorised them. Also noted that future invoices should be sent via email to the purchase ledger administrator wherever possible to ensure they don’t get lost in future. o If invoices are on our system and authorised, purchase ledger administrator will see when they are due for payment. BACS runs operate mid month and end of month and if supplier is happy to wait for next BACS run, this is what will happen. If quicker payment is required, this will be instigated and supplier will be paid within three working days. o If invoices are on our system and not yet authorised, purchase ledger administrator will chase authorisation from the budget holder so they can be paid within a week. o If credit notes are being sought against goods or services received, the purchase ledger will speak with the supplier on behalf of the budget holder, or the budget holder will speak with the supplier directly.
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?
❌
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
Gresham's School is an independent boarding and day school located in Norfolk, England. It was founded in 1555 and has a long history of providing high-quality education to students from all over the world.
The school offers a wide range of academic, sporting, and creative opportunities to its students. In terms of sustainability, Gresham's has implemented various initiatives to reduce its environmental impact and promote sustainable practices. These include recycling programs, energy-efficient buildings, and promoting the use of public transportation.
Gresham's also has a strong commitment to providing healthy and sustainable food options for its students. The school has its own farm where students can learn about organic farming and the importance of sustainable agriculture.
One of the key people behind Gresham's sustainability efforts is the Headmaster, Mr. Douglas Robb. He has been instrumental in promoting and implementing various sustainable practices within the school.
For those interested in learning more about Gresham's School and its sustainability program, the school's website (www.greshams.com) provides detailed information on their initiatives and updates on their progress. The registered office address for the school is Gresham's School, Cromer Road, Holt, Norfolk, NR25 6EA, United Kingdom.
In summary, Gresham's School is not only known for its academic excellence and rich history, but also for its commitment to sustainability and promoting a greener future. With its diverse range of programs and initiatives, the school continues to inspire and educate the next generation on the importance of sustainable living.
