The average time to pay for Cambian Group Limited has decreased from 38 days in the period of Jan 2018 to June 2018 to 28 days in the period of July 2018 to Dec 2018. This shows an improvement in the company's payment efficiency. However, the data for the period of Oct 2018 to Mar 2019 is missing, so it is difficult to determine if this trend has continued.
The volatility of Cambian Group Limited's payment patterns can be seen in the percentage of invoices paid within 30 days. In the first period, 64% of invoices were paid within 30 days, but in the second period, this increased to 65%. This shows that the company's payment efficiency is improving and becoming more consistent.
In the period of Jan 2018 to June 2018, Cambian Group Limited had an average time to pay of 38 days. 64% of invoices were paid within 30 days, and 25% were paid between 31 and 60 days. 11% of invoices were paid later than 60 days, and 36% were not paid within agreed terms. The shortest standard payment period for this company was 30 days.
| 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 Oct 2018 - 31 Mar 2019 | 27 Sept 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 04 Jan 2019 | 28 | 65% | 30% | 5% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 38 | 64% | 25% | 11% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from receipt of invoice
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
All queries are directed to our accounts payable department - queries@cambiangroup.com Queries will be responded to within three working days after receipt.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Cambian Group Limited is registered under a head office activities classification and forms part of the Cambian Group, now linked with CareTech. The wider group operates specialist schools for autism and associated needs, residential children's care homes registered with CQC, and therapeutic fostering services across the UK. Its website describes provision spanning specialist education, residential care and fostering, supporting children and young people with additional needs. As the registered entity, Cambian Group Limited functions as a head office or holding company within this structure, with the day-to-day schools, homes and fostering services delivered through operating entities across the group rather than directly by this company itself.
Generated from the company's website and Companies House records. Sources: cambiangroup.com · cambiangroup.com