RICHARD GREEN FINE PAINTINGS
Company Information
- Company Number
- 00742569
- Registered Address
- 147 New Bond Street, London, W1S 2TS
- Status
- Active
- Employee Count
- 19
- Turnover
- £43,813,000
- EBITDA
- £1,348,000
Additional Details
- Website
- https://richardgreen.com
- Company Type
- Private unlimited company
- Incorporated On
- 30 November 1962
- Nature of Business
- 47781 - Retail sale in commercial art galleries
- Industries
- Supply Chain
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
From Jan 2018 to Dec 2023, the average time taken by RICHARD GREEN (FINE PAINTINGS) to pay invoices has fluctuated between 21 and 28 days. However, there has been an overall decrease in the average time to pay, from 25 days in 2018 to 26 days in 2023.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, with only a 3% difference between the highest and lowest values. The volatility in the percentage of invoices paid between 31 and 60 days has been slightly higher, with a 19% difference between the highest and lowest values. The highest volatility has been in the percentage of invoices paid later than 60 days, with a 25% difference between the highest and lowest values.
Summary Analysis
From Jan 2018 to Dec 2023, there has been a consistent trend of RICHARD GREEN (FINE PAINTINGS) paying invoices within an average of 21 to 28 days. The percentage of invoices paid within 30 days has remained relatively high at 86%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 9% and 29%. The percentage of invoices paid later than 60 days has also fluctuated between 2% and 5%. The company has consistently met its agreed payment terms, with 0% of invoices not paid within agreed terms.
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 | 28 | 69% | 29% | 2% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 26 | 73% | 24% | 3% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 22 | 86% | 9% | 5% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 25 | 82% | 14% | 4% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 25 | 75% | 21% | 4% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 25 | 75% | 21% | 4% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 21 | 86% | 10% | 4% | 0% |
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
Varies depending on contract
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
92
Dispute Resolution Process
N/A
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
Richard Green (Fine Paintings) is a prestigious art dealership based in London, England. They specialize in buying and selling high-quality paintings from renowned artists, with a focus on British and European works from the 19th and 20th centuries.
Sustainability is an important aspect of Richard Green's business, and they have implemented several initiatives to reduce their environmental impact. This includes using sustainable packaging materials, reducing energy consumption in their gallery, and promoting the conservation and restoration of paintings.
Their products and services include a wide range of paintings, from old masters to contemporary pieces, with a particular emphasis on impressionist and modern art. They also offer valuation services for clients looking to sell their own paintings.
The key people behind Richard Green (Fine Paintings) are father and son duo, Richard and Jonathan Green. Richard has over 50 years of experience in the art world and is a renowned expert in 19th and 20th-century British art. Jonathan has followed in his father's footsteps and has a vast knowledge of modern and contemporary art.
Their website, www.richardgreen.com, showcases their impressive collection of paintings and provides information on their sustainability efforts. Their registered office address is 147 New Bond Street, London, W1S 2TS, and they can be contacted at +44 (0)20 7493 3939 or via email at info@richardgreen.com.
In conclusion, Richard Green (Fine Paintings) is a highly respected art dealership in London, known for their exceptional collection of paintings and commitment to sustainability. With a strong team of experts and a focus on conservation and restoration, they continue to be a leading player in the art market.
