BOURNE EDUCATION TRUST
Company Information
- Company Number
- 07768726
- Registered Address
- Epsom And Ewell High School, Ruxley Lane, Epsom, Surrey, KT19 9JW
- Status
- Active
- Employee Count
- 1,378
- Turnover
- £100,964,000
- EBITDA
- £26,370,000
Additional Details
- Website
- https://bourne.education/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 9 September 2011
- Nature of Business
- 85200 - Primary education85310 - General secondary education
- Industries
- Education,Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for BOURNE EDUCATION TRUST to pay invoices has remained relatively consistent over the past six years, with only a slight increase in the latest period. However, there has been a significant improvement in the percentage of invoices paid within 30 days, with a steady increase from 77% in 2017 to 98% in 2023. There has also been a decrease in the percentage of invoices paid later than 60 days, with a low of 0% in 2018 and 2022.
Volatility Analysis
The volatility in BOURNE EDUCATION TRUST's invoice payment pattern has been relatively low, with only minor fluctuations in the average time taken to pay invoices and the percentage of invoices paid within 30 days. The most significant change was in 2020, where there was a sudden increase in the percentage of invoices not paid within agreed terms, potentially indicating some financial challenges faced by the company during this period.
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 | 11 Mar 2024 | 9 | 97% | 2% | 1% | 3% |
| 01 Mar 2023 - 01 Aug 2023 | 08 Sept 2023 | 8 | 98% | 1% | 1% | 6% |
| 01 Sept 2022 - 28 Feb 2023 | 06 Mar 2023 | 8 | 98% | 2% | 0% | 6% |
| 01 Mar 2022 - 31 Aug 2022 | 14 Sept 2022 | 9 | 97% | 2% | 1% | 3% |
| 01 Sept 2021 - 28 Feb 2022 | 18 Mar 2022 | 9 | 97% | 3% | 0% | 7% |
| 01 Mar 2021 - 31 Aug 2021 | 08 Sept 2021 | 9 | 98% | 1% | 1% | 7% |
| 01 Sept 2020 - 28 Feb 2021 | 01 Mar 2021 | 9 | 98% | 2% | 1% | 7% |
| 01 Mar 2020 - 31 Aug 2020 | 14 Oct 2020 | 8 | 98% | 2% | 0% | 7% |
| 01 Sept 2019 - 29 Feb 2020 | 03 Mar 2020 | 8 | 98% | 1% | 1% | 2% |
| 01 Mar 2019 - 31 Aug 2019 | 17 Oct 2019 | 7 | 99% | 1% | 0% | 1% |
| 01 Sept 2018 - 28 Feb 2019 | 21 Mar 2019 | 8 | 99% | 1% | 0% | 1% |
| 01 Mar 2018 - 31 Aug 2018 | 21 Sept 2018 | 8 | 98% | 2% | 0% | 1% |
| 01 Sept 2017 - 28 Feb 2018 | 28 Mar 2018 | 25 | 77% | 18% | 5% | 23% |
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
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
A complaint or concern will be referred by the Finance Manager to the Business Manager. If this is not resolved it will be referred to Head Office, If this is not resolved it will be referred to the Finance Director
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
BOURNE EDUCATION TRUST (BET) is a UK-based organization that aims to provide quality education and support to students and schools. The trust was founded in 2016 and currently has 11 schools under its umbrella, located in the London boroughs of Southwark, Lewisham, and Greenwich.
The trust has a strong focus on sustainability and has implemented various initiatives to promote environmental awareness and responsibility among its schools and students. This includes reducing waste, promoting recycling, and using renewable energy sources. BET also has a dedicated Sustainability Committee made up of staff, students, and trustees, who work together to develop and implement sustainable practices within the trust.
In addition to its sustainability efforts, BET also offers a range of products and services to support its schools and students. These include educational resources, professional development opportunities for staff, and access to a network of supportive schools. BET also provides support for students with special educational needs and disabilities, and offers enrichment programs to enhance students' learning experiences.
The key people behind BET include its Chief Executive Officer, Mr. Simon Cox, and the Board of Trustees, who are responsible for the strategic direction and governance of the trust. The trust also has a team of dedicated staff who work tirelessly to support the schools and students within the trust.
For more information on BOURNE EDUCATION TRUST, including its sustainability program and services, interested individuals can visit their website at www.bourne.education. The registered office address for the trust is 10 Peckham Road, London, SE5 8PX. Overall, BOURNE EDUCATION TRUST is committed to providing quality education and promoting sustainability, making a positive impact on its schools, students, and the wider community.
