GROSVENOR CASINOS LIMITED
Company Details
Registration Number
00877080
Registered Address
Unknown
Company Status
Unknown
Employee Count
2654
Turnover
£203,101,000
EBITDA
£-5,789,000
Additional Information
Website
casinorange.com/Company Type
Unknown
Incorporated on
Unknown
Nature of Business (SIC)
Unknown
Industries
Application software, Betting and gambling
Region
South EastCompany Location
Financial Overview
£9,643,000
£65,503,000
Last Reporting Period
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
30 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
58%
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 | 30 Jan 2024 | 30 | 71% | 22% | 7% | 58% |
| 01 Jan 2023 - 30 Jun 2023 | 29 Jul 2023 | 34 | 73% | 20% | 7% | 48% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 31 | 70% | 20% | 10% | 74% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 33 | 66% | 21% | 13% | 81% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 39 | 52% | 33% | 15% | 48% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 32 | 58% | 31% | 11% | 42% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 30 | 56% | 37% | 7% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 23 | 76% | 17% | 7% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 31 | 55% | 40% | 5% | 45% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 36 | 50% | 41% | 9% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 86 | 20% | 24% | 56% | 80% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 17 | 84% | 11% | 5% | 17% |
| 01 Jul 2017 - 31 Dec 2017 | 16 Jan 2018 | 27 | 82% | 18% | 0% | 18% |
Company Summary
GROSVENOR CASINOS LIMITED is a company in the United Kingdom that operates a chain of casinos under the Grosvenor brand
The company was founded in 1970 and is headquartered in Maidenhead, Berkshire
Grosvenor Casinos offers a range of casino games including blackjack, roulette, poker, and slot machines
They also offer a variety of food and drink options at their casino locations
The company is committed to promoting responsible gambling and has a strong sustainability program in place to ensure the well-being of their customers
The key people at GROSVENOR CASINOS LIMITED include Jonathon Swaine, the Managing Director, and Mark Beattie, the Director of Operations
They are responsible for the smooth operation and growth of the company
In terms of sustainability, GROSVENOR CASINOS LIMITED has implemented various initiatives to reduce their environmental impact
This includes using energy-efficient lighting and recycling their waste
They also support local communities through charitable donations and sponsorships
Customers can visit the Grosvenor Casinos website to find information on their casino locations, games, promotions, and responsible gambling practices
The company also has a customer service team available for any inquiries or assistance
The registered office address for GROSVENOR CASINOS LIMITED is located at Rank Group, Tor Building, Saint-Cloud Way, Maidenhead, Berkshire, SL6 8BN, United Kingdom
Overall, GROSVENOR CASINOS LIMITED is a well-established and socially responsible company that provides a fun and entertaining experience for their customers
Company Review
Trend Analysis
The average time taken for GROSVENOR CASINOS LIMITED to pay invoices has been fluctuating between 27 days and 39 days over the past 6 years, with the lowest average of 23 days in 2020. The percentage of invoices paid within 30 days has been consistently above 50%, with the highest being 84% in 2018. However, there has been a significant increase in the percentage of invoices paid later than 60 days in 2018, reaching a peak of 56%. This has gradually decreased over the years and is currently at 15% in 2021.
Volatility Analysis
The volatility in the average time taken for GROSVENOR CASINOS LIMITED to pay invoices has been relatively low, with the highest difference being only 13 days between the lowest and highest average. However, there has been a higher level of volatility in the percentage of invoices paid later than 60 days, with a difference of 56% between the lowest and highest percentage.
Summary Analysis
In the past three periods, there has been a steady decrease in the average time taken for GROSVENOR CASINOS LIMITED to pay invoices, from 86 days in 2018 to 39 days in 2021. The percentage of invoices paid within 30 days has also improved, increasing from 20% in 2018 to 52% in 2021. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2018, which has gradually decreased but is still at 15% in 2021. The worst period for GROSVENOR CASINOS LIMITED was in 2018, where 56% of invoices were paid later than 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
The majority of Rank’s suppliers are set to 30 days payment terms which is stipulated within the market tenders inviting commercial proposals, although some suppliers provide longer payment terms as part of the formal negotiation to provide a more attractive commercial model. Any payment terms less than 30 days must be agreed in advance with the Rank’s Senior Finance Leadership team.
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
Purchase orders are raised for the majority of purchases to an approved Rank supplier. Contact details of the person raising the purchase order are given to the supplier on the purchase order. This would normally be the first point of contact for a supplier to resolve a payment dispute. The purchase order also includes terms and conditions of purchase. Section 6.3 under Payment states "If the buyer (Rank) fails to make any payment due to the seller under the contract by the due date for payment then the buyer shall pay interest on the overdue amount at the rate of 2% per annum above the National Westminster Bank Plc's base rate. Such interest shall accrue on a daily basis from the due date until the actual payment whether before or after judgement. This clause does not apply to payments that the buyer disputes in good faith". Rank would normally advise a supplier if there was an issue with goods or services delivered and request a credit note. If this was disputed by the supplier, then again the person that raised the PO would normally negotiate this directly.
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?
❌
