ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION

PaymentCheck Score 2025
92Excellent
0.7vs last year
#710 in UK
#18 in Commerce Models
#337 in London

Company Information

Company Number
00480523
Registered Address
Royal Opera House, Covent Garden, London, WC2E 9DD
Status
Active
Employee Count
1,096
Turnover
£181,942,000
EBITDA
£33,081,000

Additional Details

Company Type
Private company limited by guarantee without share capital
Incorporated On
1 April 1950
Nature of Business
90030 - Artistic creation
90040 - Operation of arts facilities
91030 - Operation of historical sites and buildings and similar visitor attractions
Industries
Commerce Models, Creative, Media And Publishing, Events And Venues, Lifestyle And Entertainment, Media And Publishing
Region
London

Time to Pay

Average Time to Pay
18 days
Shortest Period:0 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
91%
31-60 Days
8%
After 60 Days
1%
Not Paid Within Terms14%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-03-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Sept 2024 - 28 Feb 202531 Mar 20251891%8%1%14%
01 Sept 2023 - 29 Feb 202422 Mar 20242190%8%2%16%
29 Aug 2022 - 28 Feb 202330 Mar 20231694%5%1%10%
30 Aug 2021 - 27 Feb 202204 Apr 20222387%12%1%17%
01 Mar 2021 - 29 Aug 202117 Sept 20212383%16%1%26%
31 Aug 2020 - 28 Feb 202118 Mar 20212286%11%3%26%
26 Aug 2019 - 23 Feb 202020 Mar 20201984%14%2%36%
27 Aug 2018 - 24 Feb 201903 Jul 20191888%9%3%55%
28 Feb 2018 - 26 Aug 201803 Jul 20192284%11%5%58%

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

30 days

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

Dispute Resolution Process

Without prejudice to any other legal right or remedy, if any dispute arises in connection with this Purchase Order, the parties shall negotiate in good faith and settle amicably any dispute that may arise out of or related to this Purchase Order. any dispute shall be referred first by notice in writing to a senior representative of each party who shall meet and endeavour to resolve the dispute between them within one (1) month of such notice. The joint written decision of those senior representatives shall be binding on the parties.

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.

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

The Royal Opera House Covent Garden Foundation is a charitable organization that supports the Royal Opera House in London, England. Founded in 2003, the foundation's main objective is to raise funds and awareness for the Royal Opera House's artistic and education programs.

The foundation's sustainability program focuses on reducing the organization's environmental impact through initiatives such as energy efficiency, waste reduction, and sustainable sourcing. In addition, they are committed to promoting diversity and inclusion within the arts and have implemented policies to ensure a diverse and inclusive workplace.

The Royal Opera House offers a wide range of products and services, including world-class opera and ballet performances, educational programs for schools and communities, and behind-the-scenes tours of the historic building. They also have a variety of dining options, including a fine dining restaurant and several bars and cafes.

The foundation is led by a board of trustees, which includes individuals with backgrounds in the arts, business, and philanthropy. The current Chairman is Sir Simon Robey, and the Chief Executive Officer is Alex Beard.

For more information on the Royal Opera House Covent Garden Foundation, including upcoming performances and how to support their work, visit their website at www.roh.org.uk. Their registered office address is Royal Opera House, Bow Street, London, WC2E 9DD.

Financial Metrics

Cash
£80,224,000
Net Worth
£253,253,000
Total Current Assets
£104,382,000
Total Current Liabilities
£45,690,000

Company Location