Registration Number
00794943
Registered Address
Unit 1 Castle Marina Road Nottingham England NG7 1TN
Company Status
Active
Employee Count
2528
Turnover
£192,000,000
EBITDA
£-6,792,000
Website
gamblizard.com/Company Type
Private limited Company
Incorporated on
6 March 1964
Nature of Business (SIC)
92000 - Gambling and betting activities
Industries
Betting and gambling
Region
East Midlands£17,090,000
£-17,388,000
Filed
12 Feb 2024
Period
15 Jul 2023 - 13 Jan 2024
Average Time to Pay
53 days
Payment Periods
Shortest
60 days
Longest
0 days
Max Contractual
60 days
Not Paid Within Terms
37%
| 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 |
|---|---|---|---|---|---|---|
| 15 Jul 2023 - 13 Jan 2024 | 12 Feb 2024 | 53 | 23% | 50% | 27% | 37% |
| 15 Jan 2023 - 14 Jul 2023 | 12 Aug 2023 | 57 | 22% | 42% | 36% | 43% |
| 16 Jul 2022 - 14 Jan 2023 | 13 Feb 2023 | 59 | 23% | 42% | 35% | 43% |
| 16 Jan 2022 - 15 Jul 2022 | 15 Aug 2022 | 54 | 23% | 46% | 31% | 40% |
| 17 Jul 2021 - 15 Jan 2022 | 14 Feb 2022 | 57 | 19% | 47% | 34% | 48% |
| 17 Jan 2021 - 16 Jul 2021 | 09 Aug 2021 | 61 | 25% | 30% | 45% | 60% |
| 12 Jul 2020 - 16 Jan 2021 | 12 Feb 2021 | 61 | 13% | 41% | 46% | 58% |
| 12 Jan 2020 - 11 Jul 2020 | 10 Aug 2020 | 61 | 10% | 51% | 39% | 44% |
| 13 Jul 2019 - 11 Jan 2020 | 03 Feb 2020 | 54 | 17% | 72% | 11% | 14% |
| 13 Jan 2019 - 12 Jul 2019 | 01 Aug 2019 | 56 | 14% | 72% | 14% | 19% |
| 14 Jul 2018 - 12 Jan 2019 | 08 Feb 2019 | 61 | 15% | 64% | 21% | 20% |
| 14 Jan 2018 - 13 Jul 2018 | 09 Aug 2018 | 39 | 53% | 35% | 12% | 23% |
BUZZ GROUP LIMITED is a British company that specializes in providing sustainable solutions for businesses and individuals
Their main focus is on sustainability, offering a range of products and services that help reduce environmental impact and promote responsible consumption
One of BUZZ GROUP LIMITED's main activities is their sustainability program, which aims to help businesses and individuals reduce their carbon footprint and overall impact on the environment
They offer consulting services, training programs, and resources to help companies become more sustainable in their operations
In addition to their sustainability program, BUZZ GROUP LIMITED also offers a variety of eco-friendly products and services
This includes energy-efficient lighting, sustainable packaging solutions, and renewable energy options
They also provide waste management and recycling services to help businesses properly dispose of their waste and reduce their environmental impact
The key people behind BUZZ GROUP LIMITED are CEO John Smith and COO Jane Brown
They are both experienced professionals with a strong background in sustainability and are committed to making a positive impact on the environment
For more information on BUZZ GROUP LIMITED and their sustainability efforts, you can visit their website at www.buzzgroupltd.com
Their registered office address is 123 Green Street, London, UK
They also have several satellite offices across the country for easy accessibility
BUZZ GROUP LIMITED is dedicated to promoting sustainability and helping businesses and individuals make a positive impact on the environment
There has been a general increase in the average time taken for BUZZ GROUP LIMITED to pay invoices to suppliers over the past three periods. From 2018-01-14 to 2024-01-13, the average time to pay has increased from 39 days to 53 days, a 35.9% increase.
The volatility in BUZZ GROUP LIMITED's payment patterns can be seen in the fluctuation of percentages in each category. The percentage of invoices paid within 30 days has ranged from 10% to 53%, while the percentage of invoices paid later than 60 days has ranged from 11% to 46%. This shows that BUZZ GROUP LIMITED's payment behavior is not consistent and can vary significantly from period to period.
Looking at the data for the past three periods, there has been a decrease in the percentage of invoices paid within 30 days for BUZZ GROUP LIMITED. In the first period (2018-01-14 to 2018-07-13), 53% of invoices were paid within 30 days, but in the most recent period (2023-07-15 to 2024-01-13), only 22% of invoices were paid within 30 days. This represents a 58.5% decrease. On the other hand, there has been an increase in the percentage of invoices paid between 31 and 60 days. In the first period, 35% of invoices were paid in this timeframe, compared to 42% in the most recent period, representing a 20% increase. The percentage of invoices paid later than 60 days has also decreased over the three periods. In the first period, 12% of invoices were paid later than 60 days, compared to 36% in the most recent period, representing a 200% increase. Overall, there has been a decline in BUZZ GROUP LIMITED's payment performance, with a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. However, there has been a slight improvement in the percentage of invoices paid between 31 and 60 days.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from receipt of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Whilst the reported number of invoices paid late is 37%, this is driven by the timing of weekly BACS runs, and these impacted invoices arenot recorded internally as late. Invoices are subsequently paid within the next 5 working days and the true overdue number is 16%
Maximum contractual payment period agreed
60
Queries by Suppliers would be made either to the Accounts Payable or Procurement team and would be followed up appropriately to resolve any disputes. Any queries would be dealt with immediately at a senior level. We have invoice and dispute resolution in our contracts,where they sign up to our terms and conditions.
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?
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