ETC VENUES LIMITED

Company Information

Company Number
02717522
Registered Address
Prospero House, 241 Borough High Street, London, SE1 1GA
Status
Active
Employee Count
327.0
Turnover
56646000.0
EBITDA
9514000.0

Additional Details

Company Type
Private limited Company
Incorporated On
26 May 1992
Nature of Business
55100 - Hotels and similar accommodation$56210 - Event catering activities$68202 - Letting and operating of conference and exhibition centres
Industries
Lifestyle And Entertainment,Property,Infrastructure And Construction,Travel And Transportation
Region
London

Company Location

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Financial Metrics

Cash
£9,596,285.00
Net Worth
£35,227,534.00
Total Current Assets
£34,273,934.00
Total Current Liabilities
£22,929,153.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-30

Time to Pay

Average Time to Pay
43 days
Shortest Period:45 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
34%
31-60 Days
57%
After 60 Days
9%
Not Paid Within Terms21%

Payment Features

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

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 20244334%57%9%21%
01 Jan 2023 - 30 Jun 202318 Jul 20233638%56%6%12%
01 Jul 2022 - 31 Dec 202217 Jan 20233725%69%6%11%
01 Jan 2022 - 30 Jun 202219 Jul 20224620%74%7%16%
01 Jul 2021 - 31 Dec 202128 Jan 20223923%70%7%19%
01 Jan 2021 - 30 Jun 202109 Jul 20214642%45%13%34%
01 Jul 2020 - 31 Dec 202029 Jan 20217432%41%27%30%
01 Jan 2020 - 30 Jun 202022 Oct 20204614%74%12%30%
01 Jul 2019 - 31 Dec 201922 Jan 20203725%71%4%8%
01 Jan 2019 - 30 Jun 201929 Jul 20194016%80%4%15%
01 Jul 2018 - 31 Dec 201828 Jan 20193920%76%4%15%
01 Jan 2018 - 30 Jun 201819 Jul 20184114%79%6%20%
01 Jul 2017 - 31 Dec 201722 Jan 2018418%87%5%25%

Company Summary

ETC VENUES LIMITED is a leading provider of conference and event venues in the UK

The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact

Some of the activities of ETC VENUES LIMITED include providing high-quality venues for conferences, meetings, and events

They have a strong focus on customer satisfaction and offer state-of-the-art facilities and technology to ensure successful events

In terms of sustainability, ETC VENUES LIMITED has a number of programs in place

These include using energy-efficient lighting and equipment, reducing water consumption, and promoting recycling and waste reduction

They also source food from local suppliers to reduce their carbon footprint

The company offers a range of products and services to cater to the needs of different clients

This includes venue hire, catering, audio-visual equipment, and event planning services

They have a dedicated team of professionals who work closely with clients to ensure their events run smoothly

Key people at ETC VENUES LIMITED include Managing Director Alastair Stewart and Commercial Director Simon Piggott

The company's registered office address is 8 Eastcheap, London EC3M 1AE

Their website address is www.etcvenues.co.uk

In conclusion, ETC VENUES LIMITED is a reputable company in the events industry, known for its commitment to sustainability and providing top-quality venues and services

With experienced leadership and a strong focus on customer satisfaction, they continue to be a popular choice for conferences and events in the UK

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Payment within 45 days of invoice date (provided physical receipt is not delayed)

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

The originator of the purchase order is initially responsible for resolving a dispute via phone call / email. Unresolved disputes are escalated up the managerial chain as required.

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