| 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 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 45 | 52% | 28% | 20% | 18% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
LADBROKES BETTING & GAMING LIMITED is a leading provider of betting and gaming services in the United Kingdom. The company offers a wide range of products and services, including sports betting, online casino games, and virtual sports.
In terms of sustainability, Ladbrokes is committed to responsible gambling and has implemented various measures to promote responsible gaming. This includes offering tools and resources for customers to manage their gambling habits, as well as partnering with organizations to raise awareness of problem gambling.
The company is also dedicated to reducing its environmental impact by implementing energy-efficient practices in its operations and using sustainable materials in its products.
Some key people at Ladbrokes include Chief Executive Officer, Nigel Northridge, and Director of Corporate Affairs, Caoimhe Barry.
To get in touch with Ladbrokes, customers can visit their website at www.ladbrokes.com or contact their registered office at Ladbrokes Coral Group PLC, 5th Floor, The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ.