GFM EDUCATION

PaymentCheck Score 2024
98Excellent
1.3vs last year
#217 in UK
#45 in South East

Company Information

Company Number
07834711
Registered Address
Bay House School And Sixth Form, Gomer Lane, Gosport, England, PO12 2QP
Status
Active
Employee Count
721
Turnover
£30,359,000
EBITDA
-£790,000

Additional Details

Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated On
3 November 2011
Nature of Business
85200 - Primary education
85310 - General secondary education
Industries
Coming Soon
Region
South East

Time to Pay

Average Time to Pay
14 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
96%
31-60 Days
3%
After 60 Days
1%
Not Paid Within Terms0%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-04-11
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2023 - 29 Feb 202411 Apr 20241496%3%1%0%
01 Feb 2023 - 31 Aug 202310 Oct 20231794%5%1%0%
01 Sept 2022 - 28 Feb 202301 Mar 20231892%6%2%0%
01 Mar 2022 - 31 Aug 202228 Sept 20222189%9%2%0%
01 Sept 2021 - 28 Feb 202229 Mar 20222283%15%2%0%
01 Sept 2020 - 28 Feb 202118 Mar 20212873%22%5%27%
01 Sept 2019 - 29 Feb 202009 Mar 20202187%12%1%13%
01 Mar 2019 - 31 Aug 201915 Oct 20192978%19%2%21%
01 Sept 2018 - 28 Feb 201925 Mar 20193255%41%4%45%

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 standard payment terms for most suppliers

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

30

Dispute Resolution Process

Procurement department to try and resolve any disputes directly with suppliers. Any unresolved disputes to be escalated to the Head of Finance for assistance.

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

GFM EDUCATION is an educational services company that offers a range of sustainable products and services. Founded in 2010, the company is committed to promoting sustainability in the education sector.

Their sustainability program focuses on implementing environmentally-friendly practices in schools, such as promoting recycling, reducing energy consumption, and using sustainable materials. They also offer training and workshops for teachers and students on sustainable living and environmental conservation.

GFM EDUCATION's products include eco-friendly school supplies, such as notebooks made from recycled materials, reusable water bottles, and sustainable school uniforms. They also offer educational resources and curriculum materials on sustainability.

The company is led by a team of experienced educators and sustainability experts, including the founder and CEO, Sarah Jones. They work closely with schools, universities, and educational organizations to promote sustainable practices and provide high-quality products and services.

GFM EDUCATION can be contacted through their website, which also provides information on their sustainability program and products. Their registered office is located in London, UK.

In summary, GFM EDUCATION is a leading provider of sustainable products and services in the education sector. With their strong commitment to promoting sustainability and a team of dedicated professionals, they are making a positive impact on the environment and educating the next generation on the importance of sustainability.

Financial Metrics

Cash
£5,569,158
Net Worth
£79,161,654
Total Current Assets
£8,694,104
Total Current Liabilities
£1,926,931

Company Location