GOODWOOD RACECOURSE LIMITED
Company Information
- Company Number
- 00772766
- Registered Address
- Goodwood House, Goodwood, Chichester, England, PO18 0PX
- Status
- Active
- Employee Count
- 64.0
- Turnover
- 25663000.0
- EBITDA
- 2651000.0
Additional Details
- Website
- https://goodwood.com
- Company Type
- Private limited Company
- Incorporated On
- 2 September 1963
- Nature of Business
- 93110 - Operation of sports facilities
- Industries
- 0
- 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 | 41 | 42% | 51% | 7% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 35 | 46% | 49% | 5% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 37 | 46% | 45% | 9% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 34 | 51% | 45% | 4% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 40 | 39% | 51% | 10% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 34 | 46% | 52% | 2% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 39 | 45% | 47% | 8% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 39 | 48% | 40% | 12% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 45 | 20% | 66% | 14% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 38 | 31% | 65% | 4% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 47 | 16% | 65% | 19% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 34 | 52% | 41% | 7% | 7% |
Company Summary
GOODWOOD RACECOURSE LIMITED is a renowned horse racing venue located in West Sussex, England
It has been hosting world-class horse racing events since 1802 and remains a popular destination for racing enthusiasts
The racecourse is owned by the Duke of Richmond and is managed by a team of experienced professionals
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes recycling, energy conservation, and reducing water consumption
Besides horse racing, GOODWOOD RACECOURSE LIMITED also offers a range of hospitality and entertainment services
These include fine dining options, private boxes, and luxury accommodations for corporate and private events
The racecourse also hosts music concerts, food festivals, and other cultural events throughout the year
The key people at GOODWOOD RACECOURSE LIMITED include the Managing Director, Adam Waterworth, and the Racecourse Manager, Alex Eade
They work together to ensure the smooth operation of the racecourse and provide an unforgettable experience for visitors
The company can be contacted through their website, which provides information on upcoming events, tickets, and hospitality packages
The registered office address for GOODWOOD RACECOURSE LIMITED is Goodwood, Chichester, West Sussex, PO18 0PS
In conclusion, GOODWOOD RACECOURSE LIMITED is a prestigious horse racing venue that offers a range of sustainable services and products
With a team of dedicated professionals and a commitment to sustainability, it continues to attract a large number of visitors and remains a top destination for horse racing and entertainment
Company Review
Trend Analysis
The average time taken for GOODWOOD RACECOURSE LIMITED to pay invoices has fluctuated over the past three periods, with a general trend of increasing from 2018 to 2021, and then decreasing in 2022 and 2023.
Volatility Analysis
The percentage of invoices paid within 30 days has been the most volatile, ranging from a low of 16% in 2018 to a high of 52% in 2022. The percentage of invoices paid between 31 and 60 days has also been volatile, ranging from a low of 40% in 2020 to a high of 66% in 2019. However, the percentage of invoices paid later than 60 days has remained relatively stable, with a low of 2% in 2021 and a high of 19% in 2018.
Summary Analysis
From 2018 to 2020, GOODWOOD RACECOURSE LIMITED saw an increase in the average time taken to pay invoices, with the highest average of 47 days in 2018. However, in 2021 and 2022, there was a decrease in the average time taken to pay invoices, with the lowest average of 34 days in 2021. The percentage of invoices paid within 30 days has also fluctuated, with the highest percentage of 52% in 2022 and the lowest of 16% in 2018. The percentage of invoices paid between 31 and 60 days has remained relatively high, with the lowest percentage of 40% in 2020 and the highest of 66% in 2019. The worst period for GOODWOOD RACECOURSE LIMITED in terms of paying invoices late (later than 60 days) was in 2018, with a high of 19%. The company has consistently had a standard payment period of 60 days.
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
