INSIGHTS LEARNING DEVELOPMENT LIMITED
Company Information
- Company Number
- SC107074
- Registered Address
- Terra Nova, 3 Explorer Road, Dundee, Angus, DD2 1EG
- Status
- Active
- Employee Count
- 319
- Turnover
- £30,760,000
- EBITDA
- £4,146,000
Additional Details
- Website
- https://insights.com
- Company Type
- Private limited Company
- Incorporated On
- 9 October 1987
- Nature of Business
- 70229 - Management consultancy activities other than financial management
- Industries
- Coming Soon
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for INSIGHTS LEARNING & DEVELOPMENT LIMITED has remained consistent at 29 days for the past two periods. However, the percentage of invoices paid within 30 days has increased from 76% to 77%. The percentage of invoices paid later than 60 days has also decreased from 8% to 5%.
Volatility Analysis
The volatility for INSIGHTS LEARNING & DEVELOPMENT LIMITED is relatively low, with only small changes in the percentage of invoices paid within 30 days and later than 60 days. The most significant change was in the percentage of invoices paid within 30 days, which increased by 1%.
Summary Analysis
For INSIGHTS LEARNING & DEVELOPMENT LIMITED, the average time to pay has remained consistent at 29 days for the past two periods. However, there has been a slight improvement in the percentage of invoices paid within 30 days, increasing from 76% to 77%. The percentage of invoices paid later than 60 days has also decreased from 8% to 5%. This shows a trend towards faster payment and a decrease in delayed payments.
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 Apr 2020 - 30 Sept 2020 | 14 Jul 2021 | 29 | 77% | 18% | 5% | 18% |
| 01 Oct 2019 - 31 Mar 2020 | 14 Jul 2021 | 29 | 76% | 16% | 8% | 14% |
| 01 Apr 2019 - 30 Sept 2019 | 14 Jul 2021 | 20 | 80% | 16% | 4% | 8% |
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
Majority are 30 day standard payment terms
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
60
Dispute Resolution Process
Suppliers are notified of any invoices under dispute and work with the accounts payable team to resolve in a timely manner.
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.
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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?
❌
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
INSIGHTS LEARNING & DEVELOPMENT LIMITED is a leading consultancy firm that offers innovative learning and development solutions to organizations and individuals. Founded in 1993, the company has a strong presence in the UK and operates globally, with offices in Europe, Asia, and North America.
The company's core mission is to empower organizations and individuals to reach their full potential through customized learning and development programs. They offer a wide range of services, including leadership development, team building, coaching, and assessment tools.
INSIGHTS is committed to sustainability and has implemented various initiatives to reduce their carbon footprint. They have a sustainability program in place that focuses on minimizing waste, using renewable energy sources, and promoting eco-friendly practices. They also work with their clients to implement sustainable practices in their businesses.
The company's key people include CEO Andy Lothian, who has over 30 years of experience in the learning and development industry, and Director Fiona Kennedy, who has 25 years of experience in HR and organizational development. Their team of expert consultants and trainers bring a wealth of knowledge and experience to deliver high-quality services to their clients.
For more information on INSIGHTS' products and services, you can visit their website at www.insights.com. Their registered office address is located at 20 Forth Street, Edinburgh, EH1 3LH, United Kingdom. You can also contact them via email at info@insights.com or by phone at +44 (0)131 555 9022.
