GOODWOOD ESTATE COMPANY LIMITEDTHE
Company Information
- Company Number
- 00553452
- Registered Address
- Goodwood House, Goodwood, Chichester, England, PO18 0PX
- Status
- Active
- Employee Count
- 1020.0
- Turnover
- 128288000.0
- EBITDA
- 9276000.0
Additional Details
- Website
- https://www.goodwood.com/
- Company Type
- Private limited Company
- Incorporated On
- 18 August 1955
- Nature of Business
- 01500 - Mixed farming$70100 - Activities of head offices
- Industries
- Healthcare And Wellbeing,Lifestyle And Entertainment,Property,Infrastructure And Construction,Travel And Transportation
- 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 | 32% | 63% | 5% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 41 | 28% | 65% | 7% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 40 | 32% | 62% | 6% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 38 | 36% | 58% | 6% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 42 | 27% | 65% | 8% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 36 | 39% | 58% | 3% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 43 | 32% | 56% | 12% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 40 | 36% | 56% | 8% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 43 | 22% | 70% | 8% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 41 | 26% | 67% | 7% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 45 | 15% | 75% | 10% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 36% | 59% | 5% | 5% |
Company Summary
The Goodwood Estate Company Limited (THE) is a privately owned company that manages the Goodwood Estate, a 12,000 acre estate located in West Sussex, England
The estate is home to various businesses including a hotel, golf course, racecourse, farm, and more
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have a sustainability program in place that focuses on reducing waste, conserving energy, and promoting sustainable practices across all their businesses
One of their notable sustainability efforts is their Goodwood Farm, which operates using regenerative farming methods to ensure the land is used sustainably and the animals are well-cared for
They also have a sustainability policy in place for their hotel, which includes using locally sourced and organic ingredients in their restaurant and reducing energy consumption through efficient systems
The company offers a range of products and services, including luxury accommodation at the Goodwood Hotel, world-class events at the Goodwood Racecourse and motor racing at the Goodwood Motor Circuit
They also have a variety of activities available for visitors, such as golfing, horse riding, and clay pigeon shooting
The key people at Goodwood Estate Company Limited include the Duke of Richmond, who is the owner and chairman, and Adam Waterworth, who is the Managing Director
Their website (www.goodwood.com) provides more information on their businesses, events, and sustainability efforts
The registered office address is Goodwood House, Chichester, West Sussex, PO18 0PX, United Kingdom
Company Review
Trend Analysis
The average time taken by GOODWOOD ESTATE COMPANY LIMITED(THE) to pay invoices has fluctuated over the past three years, with an initial decrease from 38 days in 2018 to 36 days in 2019, followed by an increase to 43 days in 2021. However, in the latest period of 2023, the average time has slightly decreased to 40 days.
Volatility Analysis
The company has shown some volatility in their payment times, with the biggest change being an increase from 15% to 75% in the percentage of invoices paid between 31 and 60 days in the period of 2018-2019. This was followed by a decrease to 22% in the next period, and a subsequent increase to 32% in 2022-2023.
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
