BOLTON SCHOOL

Company Information

Company Number
05458883
Registered Address
Bolton School, Chorley New Road, Bolton, Greater Manchester, BL1 4PA
Status
Active
Employee Count
574
Turnover
£34,333,000
EBITDA
£3,314,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
20 May 2005
Nature of Business
85200 - Primary education
85310 - General secondary education
Industries
Education
Region
North West

Time to Pay

Average Time to Pay
29 days
Shortest Period:5 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
55%
31-60 Days
42%
After 60 Days
3%
Not Paid Within Terms30%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-01-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Mar 2019 - 31 Aug 201927 Jan 20202955%42%3%30%

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

The Standard payment terms for Bolton School Ltd are 45 days from the date of invoice. However, when a new supplier is identified, this can be varied in conjunction with the supplier. Local suppliers and individuals usually have reduced payment terms, once payment terms have been agreed with a supplier, they very rarely change.

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

45

Dispute Resolution Process

Payments are approved by the relevant budget holder before being processed for payment. If there is a dispute with the supplier , it will be raised with the relevant manager in the first instance. If they are unable to resolve the situation it should advance to the Clerk & Treasurer. they will involve either the Headmaster or Headmistress if appropriate.

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

Bolton School is a leading educational institution in the UK that offers a wide range of academic and extra-curricular activities for students from age 3 to 18. The school has a strong focus on sustainability, with various programs, products, and services aimed at promoting environmental awareness and responsibility.

The school's sustainability program includes initiatives such as recycling, energy conservation, and community outreach projects. Students are actively involved in these programs, learning about the importance of sustainable practices and how to make a positive impact on the environment.

In terms of products and services, Bolton School offers a range of eco-friendly options in its cafeteria, including sustainable and locally sourced food products. The school also has its own on-site farm, where students can learn about agriculture and sustainable farming practices.

Key people at Bolton School include the headteacher, Mr. Philip Britton, who is a strong advocate for sustainability and actively promotes environmental awareness within the school community. The school also has a dedicated sustainability team made up of teachers, students, and staff members who work together to implement and promote sustainable practices.

To learn more about Bolton School and its sustainability efforts, interested individuals can visit their website at www.boltonschool.org. The registered office address is Bolton School, Chorley New Road, Bolton, BL1 4PA, UK.

In conclusion, Bolton School is not only a leading educational institution but also a pioneer in promoting sustainability and environmental responsibility. Its various programs, products, and services demonstrate the school's commitment to creating a more sustainable future and educating the next generation on the importance of preserving our planet.

Financial Metrics

Cash
£5,478,000
Net Worth
£50,850,000
Total Current Assets
£6,232,000
Total Current Liabilities
£4,432,000

Company Location