Score of 92.3/100 qualifies for PaymentCheck Certification
| 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 Sept 2024 - 28 Feb 2025 | 31 Mar 2025 | 18 | 91% | 8% | 1% | 14% |
| 01 Sept 2023 - 29 Feb 2024 | 22 Mar 2024 | 21 | 90% | 8% | 2% | 16% |
| 29 Aug 2022 - 28 Feb 2023 | 30 Mar 2023 | 16 | 94% | 5% | 1% | 10% |
| 30 Aug 2021 - 27 Feb 2022 | 04 Apr 2022 | 23 | 87% | 12% | 1% | 17% |
| 01 Mar 2021 - 29 Aug 2021 | 17 Sept 2021 | 23 | 83% | 16% | 1% | 26% |
| 31 Aug 2020 - 28 Feb 2021 | 18 Mar 2021 | 22 | 86% | 11% | 3% | 26% |
| 26 Aug 2019 - 23 Feb 2020 | 20 Mar 2020 | 19 | 84% | 14% | 2% | 36% |
| 27 Aug 2018 - 24 Feb 2019 | 03 Jul 2019 | 18 | 88% | 9% | 3% | 55% |
| 28 Feb 2018 - 26 Aug 2018 | 03 Jul 2019 | 22 | 84% | 11% | 5% | 58% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
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.