CONCERTO GROUP LIMITED

PaymentCheck Score 2020
11Very Poor
New Entry
#5113 in UK
#327 in Travel And Transportation
#873 in South East

Company Information

Company Number
02063425
Registered Address
550 Thames Valley Park Drive, Reading, England, RG6 1PT
Status
Active
Employee Count
5
Turnover
£144,000
EBITDA
£699,000

Additional Details

Company Type
Private limited Company
Incorporated On
10 October 1986
Nature of Business
96090 - Other service activities not elsewhere classified
Industries
Events And Venues
Region
South East

Time to Pay

Average Time to Pay
56 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
42%
31-60 Days
23%
After 60 Days
34%
Not Paid Within Terms98%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2021-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Dec 202026 May 202114414%15%71%89%

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

Standard payment terms are 60 days end of 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

60

Dispute Resolution Process

Accounts payable operate a shared mailbox that is used by suppliers for comments and queries. Also this can be escalated via the procurement team.

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

Concerto Group Limited is a leading events and hospitality company based in the United Kingdom. They specialize in providing unique and bespoke event experiences for their clients.

The group has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program in place and use eco-friendly products in their operations. They also work closely with their suppliers to ensure sustainable practices are followed.

The company offers a wide range of products and services including venue finding, event management, catering, and production services. They have a team of experienced professionals who work closely with clients to create customized and memorable events.

The key people at Concerto Group Limited include the CEO, Teresa-Anne Dunleavy, and the Managing Director, Sam Gill. They bring a wealth of experience and expertise to the company and are committed to delivering exceptional service to their clients.

The company's website address is www.concertogroup.co.uk, where clients can find information about their services, venues, and sustainability efforts. Their registered office address is 17 Hatfields, London, SE1 8DJ.

In summary, Concerto Group Limited is a reputable events and hospitality company with a strong focus on sustainability. They offer a range of products and services and are led by a dedicated team of professionals. Their commitment to sustainability sets them apart in the industry and makes them a top choice for clients seeking environmentally responsible event solutions.

Financial Metrics

Cash
£225,489
Net Worth
£1,636,074
Total Current Assets
£26,576,616
Total Current Liabilities
£24,940,542

Company Location