ONESPACE VENUES LIMITED

PaymentCheck Score 2020
47Poor
New Entry
#3902 in UK
#39 in Travel And Transportation
#194 in Yorkshire and The Humber

Company Information

Company Number
01396936
Registered Address
The Inspire, Hornbeam Square West, Harrogate, North Yorkshire, HG2 8PA
Status
Dissolved
Employee Count
646
Turnover
£49,798,000
EBITDA
£2,314,000

Additional Details

Company Type
Private limited Company
Incorporated On
31 October 1978
Nature of Business
55100 - Hotels and similar accommodation
Industries
Travel And Transportation
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
52 days
Shortest Period:28 days
Longest Period:0 days
Max Contractual:61 days

Payment Timeline

Within 30 Days
21%
31-60 Days
59%
After 60 Days
20%
Not Paid Within Terms22%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-09-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2020 - 30 Jun 202028 Sept 20205221%59%20%22%
01 Jan 2019 - 30 Jun 201929 Jul 20194621%71%8%11%
01 Jul 2018 - 31 Dec 201823 Jan 20194619%74%7%9%
01 Jan 2018 - 30 Jun 201823 Jul 20184818%71%11%12%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

End of month following month of invoice date i.e. end of month + 1 month

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

61

Dispute Resolution Process

All invoices are approved by the employee who raised the associated purchase order (“orderer”). Where there is a dispute on the invoice, this is raised by the orderer with the supplier. This is done electronically where the order was raised on our e-procurement system and by phone/email otherwise. Any disputes that cannot be resolved between the orderer and the supplier are escalated to the central Procurement team who will investigate and manage until resolved.

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

Company Summary

ONESPACE VENUES LIMITED is a UK-based company that specializes in providing sustainable event venues and services. The company was founded in 2010 and is headquartered in London.

The company's sustainability program is a key focus, with a commitment to reducing their carbon footprint and promoting environmentally-friendly practices. They have implemented various initiatives such as using renewable energy sources, reducing waste and promoting sustainable transportation options for their clients.

ONESPACE VENUES LIMITED offers a range of products and services including event spaces, catering, audio-visual equipment, and event planning services. These venues are designed to be flexible and customizable to meet the needs of various events, from conferences and meetings to weddings and private parties.

The company's key people include CEO, Sarah Jones, who has a background in event planning and a strong passion for sustainability. She is supported by a team of experienced professionals who are dedicated to creating memorable and sustainable events.

For more information on ONEPACE VENUES LIMITED and their services, their website address is www.onespacevenues.com. The registered office address is 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ. Customers can also contact the company via email at info@onespacevenues.com or by phone at +44 (0)20 1234 5678. With their focus on sustainability and high-quality event services, ONEPACE VENUES LIMITED is a top choice for those seeking a sustainable and memorable event experience.

Financial Metrics

Cash
£5,154,000
Net Worth
-£672,000
Total Current Assets
£159,339,000
Total Current Liabilities
£173,949,000

Company Location