TICKETMASTER UK LIMITED
Company Information
- Company Number
- 02662632
- Registered Address
- 30 St. John Street, London, England, EC1M 4AY
- Status
- Active
- Employee Count
- 573.0
- Turnover
- 126657000.0
- EBITDA
- -4522000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 November 1991
- Nature of Business
- 47910 - Retail sale via mail order houses or via Internet$62090 - Other information technology service activities$82200 - Activities of call centres
- Industries
- Lifestyle And Entertainment,Software
- 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 | 20 | 83% | 11% | 6% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 17 | 89% | 7% | 4% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 20 | 81% | 14% | 5% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 16 | 82% | 15% | 3% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 20 | 80% | 14% | 6% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 24 | 72% | 22% | 6% | 29% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 19 | 82% | 13% | 5% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 20 | 80% | 14% | 6% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 12 | 96% | 3% | 1% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 14 | 94% | 4% | 2% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 29 | 91% | 7% | 3% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 23 | 88% | 9% | 3% | 23% |
Company Summary
Ticketmaster UK Limited is a leading ticketing company in the United Kingdom that provides ticketing services for various events such as concerts, sports games, theatre shows, and other live performances
The company was founded in 1981 and has its headquarters in London, UK
The company offers a wide range of products and services to its customers, including online ticketing, ticket sales, box office management, and event marketing
It also provides ticketing solutions for smaller events and venues through its subsidiary, TicketWeb
Ticketmaster UK Limited is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using renewable energy sources, reducing waste, and promoting recycling
The company also encourages its customers to opt for digital tickets instead of printed ones, in order to reduce paper waste
The key people at Ticketmaster UK Limited include Mark Yovich, the President of International, and Andrew Parsons, the Managing Director of Ticketmaster UK
They lead a team of dedicated employees who strive to provide the best ticketing experience for their customers
For more information and to purchase tickets, customers can visit the company's website at www.ticketmaster.co.uk
The registered office address of Ticketmaster UK Limited is 2nd Floor, Regent Arcade House, 19-25 Argyll Street, London, W1F 7TS, United Kingdom
Company Review
Trend Analysis
The trend for TICKETMASTER UK LIMITED's average time to pay invoices has been fluctuating over the past three periods, with a decrease in 2019 followed by an increase in 2020 and then a decrease again in 2021. However, the overall trend shows that the company has been paying invoices faster over the past three periods.
Volatility Analysis
The volatility for TICKETMASTER UK LIMITED's average time to pay invoices has been relatively low over the past three periods, with the largest change being a 17.4% increase in 2020. Overall, the company has shown consistency in their payment patterns over the past three periods.
Summary Analysis
From 2018 to 2023, TICKETMASTER UK LIMITED's average time to pay invoices has decreased from 23 days to 17 days, with the lowest average time to pay being 12 days in 2019. The percentage of invoices paid within 30 days has consistently remained above 80%, with the highest being 96% in 2019. The company has also shown improvement in paying invoices within their agreed terms, with the percentage of invoices paid later than 60 days decreasing from 3% in 2018 to 1% in 2019 and 2023. The highest percentage of invoices paid later than 60 days was 6% in 2020 and 2021. Overall, TICKETMASTER UK LIMITED has been paying invoices faster and within their agreed terms over the past three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard supplier terms are 30 days.
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
Ticketmaster UK Limited seeks to resolve any queries and disputes in a timely manner. The supplier's point of contact within Ticketmaster 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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
