CINEWORLD CINEMAS LIMITED
Company Information
- Company Number
- 01915767
- Registered Address
- 8th Floor Vantage London, Great West Road, Brentford, England, England, TW8 9AG
- Status
- Active
- Employee Count
- 1249.0
- Turnover
- 71818000.0
- EBITDA
- 7300000.0
Additional Details
- Website
- https://cineworld.com/
- Company Type
- Private limited Company
- Incorporated On
- 22 May 1985
- Nature of Business
- 59131 - Motion picture distribution activities
- Industries
- Creative,Media And Publishing,Lifestyle And Entertainment
- Region
- London
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 | 30 Jan 2024 | 28 | 86% | 10% | 4% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 37 | 86% | 2% | 12% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 53 | 61% | 24% | 15% | 39% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 32 | 56% | 40% | 4% | 44% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 33 | 77% | 19% | 4% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 49 | 56% | 26% | 17% | 44% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 44 | 52% | 21% | 27% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 41 | 64% | 20% | 16% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 32 | 72% | 13% | 15% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 33 | 62% | 20% | 18% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 26 | 74% | 18% | 8% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 29 | 70% | 19% | 11% | 24% |
Company Summary
Cineworld Cinemas Limited is a leading cinema chain in the UK and Ireland, with 100 cinemas and 1,016 screens
The company was founded in 1995 and is headquartered in London, England
The company offers a wide range of products and services, including blockbuster movie screenings, live events, and private screenings
They also have a loyalty program, Unlimited, which offers members discounted tickets and food and drink deals
Cineworld is committed to sustainability and has implemented various initiatives to reduce their environmental impact
This includes using energy-efficient equipment, recycling, and reducing waste
They have also introduced a reusable cup scheme to reduce single-use plastic waste
The key people at Cineworld Cinemas Limited include the CEO, Mooky Greidinger, and the CFO, Nisan Cohen
They are supported by a team of experienced executives and managers
The company can be contacted through their website, www.cineworld.co.uk, where customers can book tickets, find showtimes, and learn more about their sustainability efforts
Their registered office address is 8th Floor, Vantage London, Great West Road, Brentford, Middlesex, TW8 9AG
In summary, Cineworld Cinemas Limited is a well-established cinema chain in the UK and Ireland, offering a wide range of products and services
They are committed to sustainability and have implemented various initiatives to reduce their environmental impact
The company is led by experienced executives and can be contacted through their website or registered office address
Company Review
Trend Analysis
The average time taken for CINEWORLD CINEMAS LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has also fluctuated, with a decrease in the most recent period. The percentage of invoices paid between 31 and 60 days has remained relatively stable, while the percentage of invoices paid later than 60 days has decreased in the most recent period.
Volatility Analysis
The volatility of the average time taken to pay invoices for CINEWORLD CINEMAS LIMITED has been moderate, with fluctuations of 4-5 days between periods. The volatility of the percentage of invoices paid within 30 days has also been moderate, with fluctuations of 2-4% between periods. The volatility of the percentage of invoices paid between 31 and 60 days has been minimal, with fluctuations of 0-2% between periods. The volatility of the percentage of invoices paid later than 60 days has been high, with fluctuations of 11-19% between periods.
Summary Analysis
From 2018-01-01 to 2020-12-31, CINEWORLD CINEMAS LIMITED had an average time to pay of 33 days and paid 70% of invoices within 30 days, 19% of invoices between 31 and 60 days, and 11% of invoices later than 60 days. The shortest (or only) standard payment period was 24 days. In the most recent period of 2021-01-01 to 2023-06-30, the average time to pay increased to 39 days and the percentage of invoices paid within 30 days decreased to 66%, while the percentage of invoices paid later than 60 days also decreased to 8%. The shortest (or only) standard payment period remained at 24 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days agreed with suppliers
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
30
Dispute Resolution Process
In the event of a dispute, Cineworld would work with the supplier in a prompt manner to resolve the complaint/dispute in accordance with the terms of the contract.
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
