Score of 81.15/100 qualifies for PaymentCheck Certification
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%.
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%.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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
Suppliers are notified of any invoices under dispute and work with the accounts payable team to resolve in a timely manner.
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
Insights Learning & Development Limited is a Dundee-registered company operating as part of the Insights group, a provider of tailored learning and development solutions for organisations worldwide. The group's flagship offering, Insights Discovery, uses a four-colour model to help individuals and teams understand working styles, strengths and growth areas. Services cover teamwork, leadership development, employee engagement, sales and service improvement, and change management, delivered through workshops, accreditation programmes and longer-term learning pathways. The group states it has provided such solutions for over twenty years to help global businesses get the best from their people at work, with operations spanning numerous countries.
Generated from the company's website and Companies House records. Sources: insights.com