LADBROKES CORAL GROUP LIMITED
Company Information
- Company Number
- 00566221
- Registered Address
- 7th Floor, One Stratford Place, Westfield Stratford City, Montfichet Road, London, United Kingdom, E20 1EJ
- Status
- Active
- Employee Count
- 0
- Turnover
- £400,000
- EBITDA
- £59,500,000
Additional Details
- Website
- https://5thcolumn.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 16 May 1956
- Nature of Business
- 92000 - Gambling and betting activities
- Industries
- Lifestyle And Entertainment
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Ladbrokes Coral Group’s (LC) current standard contractual length for payments of invoices is 45 days. Prior to the merger in November 2016 Coral’s standard contractual length was 60 days. Hence for this report the data shall be measured at 60 days payment terms. The next report shall measure LCG’s performance at 45 days payment terms.
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
The standard dispute resolution process requires in the first instance, the Buyer and Seller use reasonable endeavours and act in good faith to resolve any disputes or claims that may arise. Failure to find a solution will result in the escalation of the dispute to manager, then director level.
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
Company Summary
Ladbrokes Coral Group Limited is a British-based gambling company that offers a wide range of betting and gaming services. The company was formed in 2016 through the merger of Ladbrokes and Gala Coral Group.
Ladbrokes Coral Group Limited is committed to sustainability and has implemented various programs to reduce its environmental impact. This includes using energy-efficient technology, recycling and reducing waste, and promoting responsible gambling practices among its customers.
The company's products and services include sports betting, online casino games, poker, bingo, and lotteries. They also have a chain of over 3,500 betting shops across the UK, Ireland, Belgium, and Spain.
The key people at Ladbrokes Coral Group Limited include Jim Mullen, the Chief Executive Officer, and Paul Bowtell, the Chief Financial Officer.
For any inquiries or assistance, customers can contact Ladbrokes Coral Group Limited through their website, which is www.ladbrokescoralplc.com. The company's registered office address is One Stratford Place, Montfichet Road, London, E20 1EJ, United Kingdom.
In conclusion, Ladbrokes Coral Group Limited is a leading gambling company in the UK that is committed to sustainability and offers a wide range of betting and gaming services, both online and in its betting shops. With its dedicated team and focus on responsible gambling, the company continues to provide quality entertainment to its customers.
