THE GOODWOOD HOTEL LIMITED
Company Information
- Company Number
- 01326672
- Registered Address
- Goodwood House, Goodwood, Chichester, West Sussex, PO18 0PX
- Status
- Active
- Employee Count
- 169.0
- Turnover
- 9094000.0
- EBITDA
- 213000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 August 1977
- Nature of Business
- 55100 - Hotels and similar accommodation
- Industries
- Lifestyle And Entertainment,Travel And Transportation
- 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 | 35 | 39% | 59% | 2% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 39 | 31% | 65% | 4% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 37 | 38% | 56% | 6% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 36 | 36% | 62% | 2% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 37 | 34% | 63% | 3% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 36 | 39% | 58% | 3% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 39 | 31% | 61% | 8% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 39 | 33% | 60% | 7% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 60 | 13% | 83% | 4% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 40 | 26% | 70% | 4% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 44 | 10% | 85% | 5% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 37 | 36% | 60% | 4% | 4% |
Company Summary
THE GOODWOOD HOTEL LIMITED is a luxury hotel located in Chichester, West Sussex, United Kingdom
The hotel is part of the larger Goodwood Estate, which also includes a golf course, motor circuit, and racecourse
The hotel offers a range of services and amenities for its guests, including luxurious rooms and suites, a spa, fitness center, and multiple dining options
The hotel also offers event spaces for weddings, conferences, and other events
In terms of sustainability, THE GOODWOOD HOTEL LIMITED has implemented several initiatives to reduce its environmental impact
This includes using energy-efficient lighting and appliances, sourcing local and organic food for its restaurants, and promoting recycling and waste reduction among its staff and guests
The hotel also supports local charities and organizations, such as the Goodwood Home Farm, which promotes sustainable agriculture and supports the local community
The key people at THE GOODWOOD HOTEL LIMITED include the Managing Director, Lord March, and the General Manager, Michael Helling
They are committed to providing exceptional service and maintaining the hotel's high standards
The registered office address for THE GOODWOOD HOTEL LIMITED is Goodwood, Chichester, West Sussex, PO18 0QB, United Kingdom
Their website address is www.goodwood.com/hotel
In summary, THE GOODWOOD HOTEL LIMITED offers luxurious accommodations and amenities, while also being committed to sustainability and supporting the local community
With its prime location and dedicated team, it is an ideal destination for both leisure and business travelers
Company Review
Trend Analysis
The average time taken for THE GOODWOOD HOTEL LIMITED to pay invoices has fluctuated over the past three periods, with a small decrease in the most recent period. The percentage of invoices paid within 30 days has also fluctuated, with a slight increase in the most recent period. The percentage of invoices paid between 31 and 60 days has remained relatively consistent, while the percentage of invoices paid later than 60 days has fluctuated slightly. The percentage of invoices not paid within agreed terms has also remained relatively consistent over the past three periods.
Volatility Analysis
The average time taken for THE GOODWOOD HOTEL LIMITED to pay invoices has fluctuated between 35 and 44 days over the past three periods, with a standard deviation of 3.7 days. The percentage of invoices paid within 30 days has fluctuated between 10% and 39%, with a standard deviation of 10.5%. The percentage of invoices paid between 31 and 60 days has remained relatively consistent between 56% and 85%, with a standard deviation of 10.9%. The percentage of invoices paid later than 60 days has fluctuated between 2% and 8%, with a standard deviation of 1.8%. The percentage of invoices not paid within agreed terms has remained relatively consistent between 2% and 8%, with a standard deviation of 1.8%.
Summary Analysis
In the past three periods, THE GOODWOOD HOTEL LIMITED has shown a decrease in the average time taken to pay invoices, with a decrease of 1 day between the first and most recent period. The company has also shown improvement in paying invoices within 30 days, increasing from 10% to 39%. The percentage of invoices paid between 31 and 60 days has remained consistent at around 60%, while the percentage of invoices paid later than 60 days has fluctuated slightly but remained below 10%. However, the company has consistently maintained a 60-day standard payment period for 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
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
