WYBOSTON LAKES LIMITED
Company Information
- Company Number
- 01122944
- Registered Address
- Wyboston Lakes Resort Waterfront Hotel, Great North Road, Wyboston, Bedfordshire, England, MK44 3AL
- Status
- Active
- Employee Count
- 296.0
- Turnover
- 17849000.0
- EBITDA
- 2731000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 July 1973
- Nature of Business
- 41100 - Development of building projects$55100 - Hotels and similar accommodation$56101 - Licensed restaurants$68202 - Letting and operating of conference and exhibition centres
- Industries
- Healthcare And Wellbeing,Lifestyle And Entertainment,Property,Infrastructure And Construction,Travel And Transportation
- Region
- East of England
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 | 29 | 46% | 53% | 1% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 27 | 49% | 50% | 1% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 28 | 46% | 53% | 1% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 26 | 56% | 43% | 1% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 28 | 51% | 48% | 2% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 25 | 54% | 38% | 8% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 29 | 51% | 38% | 11% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 40 | 30% | 56% | 14% | 78% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 36 | 29% | 59% | 12% | 83% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 35 | 31% | 56% | 12% | 82% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 36 | 27% | 58% | 14% | 82% |
| 01 Jan 2018 - 30 Jun 2018 | 16 Jul 2018 | 33 | 43% | 45% | 12% | 64% |
Company Summary
WYBOSTON LAKES LIMITED is a hospitality and events company that operates two resort-style hotels and a conference center in Bedfordshire, England
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program includes using renewable energy sources, reducing water and energy consumption, and promoting recycling and waste reduction
They also support local communities through partnerships with local charities and initiatives
The company offers a range of products and services, including accommodation, event spaces, dining options, and leisure facilities
Their hotels are equipped with modern amenities and cater to both leisure and business travelers
The conference center can accommodate up to 400 guests and offers state-of-the-art technology for meetings and events
Key people in the company include CEO Mark Jones and Managing Director Steve Jones, who have over 30 years of experience in the hospitality industry
They are supported by a team of dedicated staff who strive to provide exceptional customer service
For more information about WYBOSTON LAKES LIMITED and their services, visit their website at www.wybostonlakes.co.uk
Their registered office address is Great North Road, Wyboston, Bedfordshire, MK44 3AL, United Kingdom
Company Review
Trend Analysis
Based on the data provided, there has been a slight decrease in the average time taken for WYBOSTON LAKES LIMITED to pay invoices to suppliers over the past three periods, with a decrease of 1 day from 2020-01-01 to 2021-06-30, and a further decrease of 1 day from 2021-01-01 to 2023-06-30. This suggests that the company has been making efforts to improve their payment efficiency over time.
Volatility Analysis
The data shows that there has been some volatility in the percentage of invoices paid within 30 days, with a decrease of 4% from 2020-01-01 to 2020-12-31 and an increase of 3% from 2021-07-01 to 2023-06-30. There has also been some volatility in the percentage of invoices paid between 31 and 60 days, with a decrease of 15% from 2020-01-01 to 2020-12-31 and an increase of 10% from 2021-07-01 to 2023-06-30.
Summary Analysis
From 2020-01-01 to 2022-12-31, there has been a slight decrease in the average time taken for WYBOSTON LAKES LIMITED to pay invoices to suppliers, with a decrease of 4 days. However, there has been some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days during this period. The company has consistently maintained a standard payment period of 7 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard terms are 30 days following invoice date, although we do have large key supplier agreements in place including 60 days after month end, which account for a large proportion of our supplier invoices. We have some specialist suppliers who require 7 - 14 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
We make 2 payment runs a month and pay all invoices due on those runs. To hit payment terms to the day we would have to run daily runs which is not an efficient way or usual way for an organisation to trade. We have good relationships with all our suppliers.
Maximum contractual payment period agreed
60
Dispute Resolution Process
We would follow the dispute resolution procedure as set out in the relevant contract which would typically include putting the dispute inwriting to the supplier and enter into dialogue to resolve the issue.
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
