Registration Number
01915767
Registered Address
8th Floor Vantage London Great West Road Brentford England England TW8 9AG
Company Status
Active
Employee Count
1249
Turnover
£71,818,000
EBITDA
£7,300,000
Website
cineworld.com/Company Type
Private limited Company
Incorporated on
22 May 1985
Nature of Business (SIC)
59131 - Motion picture distribution activities
Industries
Cinemas, Films and TV
Region
London£8,664,000
£-50,762,000
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
28 days
Payment Periods
Shortest
0 days
Longest
30 days
Max Contractual
30 days
Not Paid Within Terms
14%
| 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% |
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
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.
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.
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.
This information is as reported by the business, and responses are in their own words.
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
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.
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?
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