GOODWOOD ROAD RACING COMPANY LIMITED
Company Information
- Company Number
- 00466176
- Registered Address
- Goodwood House, Goodwood, Chichester, England, PO18 0PX
- Status
- Active
- Employee Count
- 310.0
- Turnover
- 70781000.0
- EBITDA
- 10489000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 March 1949
- Nature of Business
- 93110 - Operation of sports facilities
- Industries
- 0
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 40 | 35% | 54% | 11% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 38 | 41% | 51% | 8% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 37 | 42% | 51% | 7% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 36 | 43% | 52% | 5% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 40 | 36% | 56% | 8% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 37 | 41% | 54% | 5% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 34 | 37% | 55% | 8% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 39 | 42% | 47% | 11% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 42 | 24% | 68% | 8% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 39 | 32% | 60% | 8% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 43 | 30% | 54% | 16% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 33 | 50% | 44% | 6% | 6% |
Company Summary
Goodwood Road Racing Company Limited is a British company that specializes in organizing and hosting various motorsports events, including the famous Goodwood Festival of Speed and Goodwood Revival
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes using renewable energy sources, minimizing waste and promoting recycling, as well as supporting local businesses and communities
They also encourage the use of public transport and car-sharing among attendees of their events
The company offers a range of products and services related to motorsports, such as event tickets, hospitality packages, and merchandise
They also provide event management services for corporate clients
The key people behind Goodwood Road Racing Company Limited include the Duke of Richmond and Gordon, who is the owner of the Goodwood Estate where the events take place, and Charles Gordon-Lennox, the current CEO
The company's website address is www.goodwood.com, where customers can find information about upcoming events, purchase tickets, and browse through their products and services
The registered office address is Goodwood House, Chichester, West Sussex, PO18 0PX, United Kingdom
In summary, Goodwood Road Racing Company Limited is a leading motorsports event organizer in the UK, with a strong commitment to sustainability
Their range of products and services, along with their key people and contact information, can be found on their website
Company Review
Trend Analysis
The average time taken for GOODWOOD ROAD RACING COMPANY LIMITED to pay invoices has been fluctuating over the past three periods, with a decrease in 2020 followed by an increase in 2021 and a decrease again in 2022.
Volatility Analysis
The volatility of the % Invoices paid within 30 days has been relatively stable, with a slight decrease in 2020 and a slight increase in 2021.
Summary Analysis
From 2018 to 2023, GOODWOOD ROAD RACING COMPANY LIMITED has seen a decrease in the average time taken to pay invoices, with the lowest average of 33 days in 2018 and the highest average of 43 days in 2018.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Goodwood will pay all invoices at the end of the month following the month of receipt of an undisputed invoice
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
In the event of any dispute in respect of an invoice Goodwood may withhold such disputed sum under such invoice until the resolution of such dispute in accordance with Clause 25 of the Terms and Conditions. From T&Cs: DISPUTES 25.1 In the event of any dispute or difference which may arise between Goodwood and the Supplier in connection with or arising out of this Agreement, senior authorised representatives of the parties shall, within twenty (20) Business Days of a written request from either party to the other, meet in a good faith effort to resolve the dispute without recourse to legal proceedings. If the senior authorised representatives cannot reach agreement on the dispute within such twenty (20) Business Day period the matter shall be referred to the Chief Executive Officer or Managing Director of that part of the relevant party’s business which is responsible for performing the obligations of that party under this Agreement. 25.2 Neither party may initiate legal action until the above process has been completed unless either party has reasonable cause to do so to avoid damage to its business or to protect or preserve any right of action it may have. Nothing in this Clause shall be construed as prohibiting a party from applying to a court for interim injunctive relief. 25.3 Unless otherwise stated to the contrary in this Agreement, nothing in this Clause shall relieve either party from continuing to fulfil its obligations under this Agreement.
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?
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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
