LONDON CLUBS MANAGEMENT LIMITED
Company Information
- Company Number
- 02737549
- Registered Address
- 55 Baker Street, London, England, W1U 8EW
- Status
- Active
- Employee Count
- 69
- Turnover
- £8,383,000
- EBITDA
- -£5,286,000
Additional Details
- Website
- https://caesars.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 5 August 1992
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for LONDON CLUBS MANAGEMENT LIMITED to pay their invoices has remained relatively stable over the past three years. However, there was a slight increase in the most recent period from 2021-01-01 to 2021-06-30.
Volatility Analysis
There has been some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days. However, the percentage of invoices paid later than 60 days has remained relatively stable.
Summary Analysis
Overall, LONDON CLUBS MANAGEMENT LIMITED has maintained a consistent payment pattern over the past three years. However, they have experienced some fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. The company has also consistently paid the majority of their invoices within agreed terms.
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 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 44 | 48% | 37% | 15% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 41 | 45% | 40% | 15% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 55 | 46% | 39% | 15% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 41 | 45% | 40% | 15% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 45 | 36% | 48% | 16% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 45 | 35% | 49% | 16% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 42 | 38% | 49% | 13% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 42 | 37% | 50% | 13% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 43 | 38% | 44% | 18% | 14% |
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
Our standard payment terms are to make payment by BACS in a monthly payment run, within the first week after the end of the month following the month of receipt by the company of a proper invoice or, if later, after acceptance of the goods in question by the company. In effect, this means that we make payment to suppliers under these terms between 35 and 68 days, depending on the timing within the calendar month that the invoice is received. Exceptions to the above policy are made for smaller suppliers such as entertainers, who are paid in the next available weekly BACS run after their performance. Payment terms may also form part of our commercial negotiations with suppliers where appropriate. Terms may be extended or shortened to provide a more beneficial commercial model to both parties.
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
68
Dispute Resolution Process
We seek to resolve any disputes in a timely manner through discussion with our suppliers. In the first instance, disputes are handled by the company contact who raised the order. If agreement cannot be reached with the order originator, the matter would be escalated to the Head Office Group Purchasing function, who will review the case and seek to reach a prompt agreement with the supplier.
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
Company Summary
LONDON CLUBS MANAGEMENT LIMITED is a leading entertainment and hospitality company based in London, UK. The company is committed to providing high-quality and sustainable services to its customers. Its main activities include managing and operating exclusive clubs, restaurants, and bars in London.
The company's sustainability program focuses on reducing its carbon footprint and promoting sustainable practices in all its operations. It has implemented energy-efficient measures in its clubs, such as using LED lighting and installing energy-saving equipment. The company also sources its products from sustainable suppliers and promotes recycling and waste reduction.
LONDON CLUBS MANAGEMENT LIMITED offers a wide range of products and services to its customers, including fine dining, nightlife, and private events. Its clubs are known for their luxurious and stylish ambiance, offering a unique experience to its guests. The company also provides exclusive membership opportunities for its customers, giving them access to various perks and benefits.
The key people at LONDON CLUBS MANAGEMENT LIMITED include its directors, managers, and staff, who are dedicated to providing excellent customer service and maintaining the company's sustainability goals. Their expertise and experience in the hospitality industry have helped the company establish a strong reputation in London.
To learn more about LONDON CLUBS MANAGEMENT LIMITED and its services, customers can visit their website at www.londonclubs.com. The company's registered office address is 4th Floor, 6 St Andrew Street, London, EC4A 3AE, United Kingdom. Customers can also contact the company through their email address info@londonclubs.com or by phone at +44 (0)20 7499 8191.
