RATCLIFFE COLLEGE
Company Information
- Company Number
- 05900743
- Registered Address
- Ratcliffe College, Fosse Way, Ratcliffe On The Wreake, Leicester, LE7 4SG
- Status
- Active
- Employee Count
- 329
- Turnover
- £16,684,000
- EBITDA
- £1,129,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 9 August 2006
- Nature of Business
- 85100 - Pre-primary education85200 - Primary education85310 - General secondary education
- Industries
- Care Services, Education
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay has decreased by 11 days (24.4%) compared to the previous period, indicating an improvement in payment efficiency. The percentage of invoices paid within 30 days has also increased by 29%, while the percentage of invoices paid later than 60 days has decreased by 7%.
Volatility Analysis
The volatility in payment time has decreased with the average time to pay decreasing and a decrease in the percentage of invoices paid later than 60 days. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, indicating some inconsistency in payment times.
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 Mar 2025 - 31 Aug 2025 | 03 Sept 2025 | 32 | 51% | 46% | 3% | 49% |
| 01 Sept 2023 - 29 Feb 2024 | 01 Mar 2024 | 36 | 38% | 57% | 5% | 62% |
| 01 Mar 2023 - 31 Aug 2023 | 25 Sept 2023 | 41 | 35% | 56% | 9% | 65% |
| 01 Sept 2022 - 28 Feb 2023 | 01 Mar 2023 | 35 | 59% | 29% | 12% | 40% |
| 01 Mar 2022 - 31 Aug 2022 | 14 Sept 2022 | 34 | 62% | 29% | 9% | 91% |
| 01 Sept 2021 - 28 Feb 2022 | 15 Sept 2022 | 45 | 33% | 51% | 16% | 67% |
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
We use the payment terms on our supplier invoices If there are no credit terms, we pay within 30 days
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
If there is a dispute, our Purchase Ledger Financial Assistant will contact the specific department within the School that the invoice is addressed to for authorisation. Once agreed by the budget holder of that specific department, payment will be made either on the next payment run or by fast payment if deemed necessary. No invoice will be paid unless authorised by an employee of our organisation. Our Purchase Ledger Assistant will liaise with the supplier to come to a mutually acceptable solution.
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
RATCLIFFE COLLEGE is a prestigious independent school located in Leicestershire, England. Founded in 1847, it offers a well-rounded education to students from ages 3 to 18, with a focus on academic excellence and personal development.
The college has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. These include using renewable energy sources, promoting recycling and reducing waste, and encouraging students to be environmentally conscious.
In terms of products and services, RATCLIFFE COLLEGE offers a wide range of academic and extracurricular programs. The college has a strong emphasis on sports, with state-of-the-art facilities and a dedicated team of coaches. It also offers a variety of performing arts activities, including music, drama and dance, as well as a Duke of Edinburgh Award program.
The college is led by a team of dedicated and experienced staff, including the Headmaster, Mr. Jonathan Reddin, who has been in the position since 2016. The college also has a Board of Governors, who oversee the strategic direction and management of the school.
For more information on RATCLIFFE COLLEGE, including admissions and fees, you can visit their website at www.ratcliffe-college.co.uk. The college's registered office address is Ratcliffe College, Fosse Way, Ratcliffe on the Wreake, Leicestershire, LE7 4SG.
In summary, RATCLIFFE COLLEGE is a highly regarded independent school that offers a well-rounded education, with a strong focus on sustainability. With a wide range of programs and activities, led by a dedicated team, it continues to provide students with a high-quality education and a supportive learning environment.
