LIVE NATION MUSIC UK LIMITED
Company Information
- Company Number
- 02409911
- Registered Address
- 30 St. John Street, London, England, EC1M 4AY
- Status
- Active
- Employee Count
- 801.0
- Turnover
- 312317000.0
- EBITDA
- -20830000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 August 1989
- Nature of Business
- 90010 - Performing arts$90020 - Support activities to performing arts$90040 - Operation of arts facilities
- Industries
- Creative,Media And Publishing
- 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 | 06 Feb 2024 | 20 | 82% | 16% | 2% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 21 | 84% | 14% | 2% | 45% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 21 | 87% | 11% | 2% | 50% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 23 | 83% | 15% | 2% | 50% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 55 | 65% | 19% | 16% | 61% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 62 | 61% | 17% | 22% | 68% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 39 | 62% | 27% | 11% | 55% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 27 | 75% | 21% | 4% | 46% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 24 | 79% | 18% | 3% | 35% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 25 | 78% | 17% | 5% | 32% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 30 | 74% | 18% | 8% | 37% |
Company Summary
LIVE NATION (MUSIC) UK LIMITED is a leading entertainment company in the United Kingdom
They specialize in the production, promotion, and distribution of live music events and concerts
The company has a strong focus on sustainability and is committed to reducing their environmental impact
Their sustainability program includes initiatives such as reducing energy consumption, waste reduction and recycling, and promoting sustainable transportation options for their events
They also work closely with their partners and suppliers to ensure sustainable practices are implemented throughout their operations
LIVE NATION offers a wide range of products and services, including ticket sales, artist management, and venue management
They have partnerships with some of the biggest names in the music industry, making them a go-to destination for live music events
The company is led by a team of experienced executives, including Paul Latham, the President of Live Nation UK and Ireland, and Toby Leighton-Pope, the Co-President of Live Nation UK
They are committed to providing high-quality entertainment experiences while also prioritizing sustainability
To stay updated on upcoming events and news, customers can visit LIVE NATION's website at www.livenation.co.uk
The company's registered office address is 2nd Floor, Regent Arcade House, 19-25 Argyll Street, London, W1F 7TS, United Kingdom
With their commitment to sustainability and top-notch entertainment, LIVE NATION (MUSIC) UK LIMITED continues to be a leader in the UK entertainment industry
Company Review
Trend Analysis
The data for LIVE NATION (MUSIC) UK LIMITED shows a general improvement in the average time taken to pay invoices over the past three years. In 2018, the average time to pay was 30 days, which decreased to 20.5 days in 2023. However, there was a slight increase in 2020 and 2021, with the average time to pay being 39 days and 55 days respectively. This could indicate potential cash flow issues during those periods.
Volatility Analysis
The data also shows some volatility in the percentage of invoices paid within 30 days. This percentage ranged from 61% in 2020 to 87% in 2022. There is also some volatility in the percentage of invoices paid later than 60 days, which ranged from 2% in 2022 and 2023 to 22% in 2020.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
N/A
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
Live Nation (Music) UK Limited seeks to resolve any queries and disputes on a timely basis. The supplier's point of contact within Live Nation (Music) UK Limited would resolve any invoicing disputes with the supplier directly.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
