BIMM LIMITED

Company Information

Company Number
06347465
Registered Address
38-42 Brunswick Street West, Hove, East Sussex, BN3 1EL
Status
Active
Employee Count
468
Turnover
£75,583,000
EBITDA
£34,741,000

Additional Details

Company Type
Private limited Company
Incorporated On
20 August 2007
Nature of Business
85421 - First-degree level higher education
Industries
Education
Region
South East

Time to Pay

Average Time to Pay
30 days
Shortest Period:28 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
59%
31-60 Days
33%
After 60 Days
8%
Not Paid Within Terms47%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-10-03
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 201903 Oct 20193059%33%8%47%

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 terms range between 28 and 45 days.

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

Our accounts payable team offer support and query resolution to all suppliers. The team can be contacted by email, letter or telephone.

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

BIMM LIMITED is a UK-based company that provides education and training services in the music industry. The company was founded in 2001 and has since expanded to become the largest and most prestigious music college in Europe.

BIMM LIMITED offers a range of courses in music performance, production, business, and songwriting. They have partnerships with renowned universities and industry professionals to provide students with a high-quality education and practical experience.

In terms of sustainability, BIMM LIMITED is committed to reducing their environmental impact and promoting sustainable practices. They have implemented various initiatives such as using renewable energy sources, reducing waste, and promoting sustainable travel options.

The company's key people include its CEO, Vaseema Hamilton, and its Director of Education, Sarah Clayman. They are both highly experienced and passionate individuals who have played a crucial role in the success of the company.

BIMM LIMITED can be contacted through their website, which also contains information on their courses, admissions process, and student testimonials. Their registered office address is located in Brighton, UK.

In summary, BIMM LIMITED is a leading music education provider in Europe, offering a diverse range of courses and promoting sustainability in their operations. With a team of experienced professionals, the company continues to thrive in the music industry.

Financial Metrics

Cash
£3,383,424
Net Worth
£96,882,519
Total Current Assets
£98,154,233
Total Current Liabilities
£36,247,617

Company Location