Industry ranking
The data shows a general positive trend for CLARION EVENTS LIMITED in terms of payment times. The average time to pay has decreased from 44 in Feb 2018 to 35 in July 2021. Additionally, the percentage of invoices paid within 30 days has increased from 41% to 50% in the same time period. This indicates that the company has been improving their efficiency in paying suppliers on time.
The data for CLARION EVENTS LIMITED shows a relatively stable trend with some fluctuation. The percentage of invoices paid within 30 days has ranged from 41% to 55%, with the most significant increase seen in the latest period (Feb 2021 - July 2021). The percentage of invoices paid later than 60 days has also fluctuated, ranging from 9% to 28%, with the highest percentage seen in the first period (Feb 2018 - July 2018).
From the data, it can be seen that CLARION EVENTS LIMITED has improved their payment times over the past three periods. The average time to pay has decreased from 44 days to 35 days, and the percentage of invoices paid within 30 days has increased from 41% to 50%. In the latest period (Feb 2021 - July 2021), the company has achieved the highest percentage of invoices paid within 30 days (55%) and the lowest percentage of invoices paid later than 60 days (9%). This shows a significant improvement in their payment efficiency.
| 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 Feb 2021 - 31 Jul 2021 | 04 Nov 2021 | 35 | 50% | 40% | 10% | 14% |
| 01 Aug 2020 - 31 Jan 2021 | 25 Feb 2021 | 35 | 55% | 36% | 9% | 14% |
| 01 Feb 2020 - 31 Jul 2020 | 27 Aug 2020 | 39 | 44% | 41% | 15% | 18% |
| 01 Aug 2019 - 31 Jan 2020 | 05 Mar 2020 | 36 | 49% | 38% | 13% | 18% |
| 01 Feb 2019 - 31 Jul 2019 | 19 Aug 2019 | 41 | 43% | 39% | 17% | 21% |
| 01 Aug 2018 - 31 Jan 2019 | 01 Mar 2019 | 46 | 44% | 33% | 23% | 30% |
| 01 Feb 2018 - 31 Jul 2018 | 06 Sept 2018 | 44 | 41% | 31% | 28% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We pay contractors on 30 day terms in line with our employee payroll. Our standard payment terms are 60 days. We also have some contractual payments which are due on contract date rather than invoice terms. We occasionally need to make payments for services up front and we do this as required.
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
60
We ask suppliers to contact our accounts payable department directly with any issues. If a dispute still continues this will be escalated internally. We rarely experience disputes with our suppliers.
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
Clarion Events Limited, registered in England and Wales under company number 00454826, trades as Clarion Events. It organises exhibitions, trade fairs and conferences across a range of industry sectors including consumer electronics, defence and security, energy, gaming, home and design, life science and technology. Founded in 1947, the business describes itself as the world's largest privately owned event and exhibition organiser, operating from offices in twelve countries with a portfolio of around 125 events and media brands. Its activities centre on running face-to-face exhibitions and associated digital products for exhibitors and attendees. The company's SIC classification confirms its core activity as the organisation of exhibitions and fairs.
Generated from the company's website and Companies House records. Sources: clarionevents.com · clarionevents.com