ASSET EDUCATION
Company Information
- Company Number
- 09434926
- Registered Address
- St Helen's School, Woodbridge Road, Ipswich, Suffolk, United Kingdom, IP4 2LT
- Status
- Active
- Employee Count
- 579
- Turnover
- £22,839,000
- EBITDA
- £1,549,000
Additional Details
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 11 February 2015
- Nature of Business
- 85200 - Primary education
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 28 Feb 2025 | 18 Mar 2025 | 20 | 92% | 7% | 1% | 26% |
| 01 Sept 2023 - 29 Feb 2024 | 19 Mar 2024 | 18 | 93% | 6% | 1% | 21% |
| 01 Sept 2022 - 28 Feb 2023 | 17 Mar 2023 | 18 | 93% | 6% | 1% | 25% |
| 01 Mar 2022 - 31 Aug 2022 | 15 Sept 2022 | 19 | 94% | 6% | 0% | 20% |
| 01 Sept 2021 - 28 Feb 2022 | 29 Mar 2022 | 17 | 97% | 2% | 1% | 20% |
| 01 Sept 2020 - 28 Feb 2021 | 15 Mar 2021 | 14 | 97% | 3% | 0% | 22% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 10 | 97% | 2% | 1% | 20% |
| 01 Sept 2019 - 29 Feb 2020 | 17 Mar 2020 | 17 | 94% | 5% | 1% | 25% |
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
ASSET Education aims to pay all suppliers in accordance with their payment terms and conditions unless there are queries on the invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
There has been an improvement since the last report, with a much higher amount of invoices being paid within 30 days and a reduction in the number that are paid outside of defined terms. Of those that were outside of payment terms, 26% were not received in our offices until after the invoice due date making them impossible to pay. This shows there is still a slight issue with invoices arriving in our offices on time, however this has dropped from 31% six months ago. 54% of those that missed due dates were paid less than 7 days after receipt which is standard based on our weekly BACS cycle.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Escalate to central finance team who would take up query with management of supplier.
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.
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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.
❌
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
ASSET EDUCATION is a UK-based educational organization that aims to provide quality education and promote sustainability in schools. They offer a range of services and products to support schools in their sustainability efforts.
The organization's sustainability program includes initiatives such as promoting eco-friendly practices, reducing waste, and promoting biodiversity. They also offer training and support to schools to help them integrate sustainability into their curriculum and daily operations.
One of their main products is the Eco-Schools programme, which is a free accreditation scheme for schools that encourages them to take action on environmental issues. This program has been adopted by over 19,000 schools in the UK and is recognized internationally.
ASSET EDUCATION is led by a team of experienced educators and sustainability experts, including CEO Sarah Bentley and Sustainability Director Ian Humphreys. They work closely with schools, local authorities, and other organizations to promote sustainability and provide support.
Their website, www.asseteducation.co.uk, provides information on their services, resources, and case studies of successful sustainability projects. Their registered office is located in London, UK, but they work with schools across the country.
In summary, ASSET EDUCATION is a leading educational organization in the UK that promotes sustainability in schools through their services, products, and initiatives. Their team of experts and their widely recognized Eco-Schools programme make them a valuable resource for schools looking to integrate sustainability into their education.
