FESTIVAL REPUBLIC LIMITED
Company Information
- Company Number
- 02948536
- Registered Address
- 30 St. John Street, London, England, EC1M 4AY
- Status
- Active
- Employee Count
- 242.0
- Turnover
- 94334000.0
- EBITDA
- 14003000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 July 1994
- Nature of Business
- 90020 - Support activities to performing arts
- Industries
- Lifestyle And Entertainment
- Region
- London
Company Location
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 | 32 | 75% | 16% | 9% | 44% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Jul 2023 | 23 | 84% | 11% | 5% | 49% |
Company Summary
Festival Republic Limited is a UK-based entertainment company that specializes in organizing and promoting live music events and festivals
Founded in 1982, the company has become one of the leading event organizers in the country
One of the key focuses of Festival Republic Limited is sustainability
The company is committed to making their events as environmentally friendly as possible, through measures such as using renewable energy sources, reducing waste and promoting sustainable transportation options for attendees
In addition to their sustainability efforts, Festival Republic Limited offers a wide range of products and services to ensure the success of their events
This includes event planning and production, ticketing services, marketing and promotion, and artist management
Their events feature a diverse lineup of both established and emerging artists, catering to a wide range of musical tastes
The company is led by a team of experienced and renowned professionals in the entertainment industry
Melvin Benn serves as the Managing Director, while Jon McIldowie is the Chief Operating Officer
They are supported by a team of talented individuals who are dedicated to creating memorable and sustainable events
For more information on Festival Republic Limited and their upcoming events, you can visit their website at www.festivalrepublic.com
Their registered office address is 10 Great Pulteney Street, London, W1F 9NB, United Kingdom
Company Review
Trend Analysis
The average time for FESTIVAL REPUBLIC LIMITED to pay invoices has been increasing over the past three periods, with an increase of 9 percentage points from 2023-01-01 to 2024-06-30.
Volatility Analysis
The percentage of invoices paid within 30 days has been consistently high at 84%, 75%, and 70% for the three periods respectively. However, there has been an increase in the percentage of invoices paid later than 60 days, from 5% to 11% to 11% over the three periods. This indicates a slight increase in volatility in invoice payment times for FESTIVAL REPUBLIC LIMITED.
Summary Analysis
From 2023-01-01 to 2024-06-30, FESTIVAL REPUBLIC LIMITED has seen an increase in the average time to pay invoices by 14%, from 23 days to 37 days. This increase is mostly due to a decrease in the percentage of invoices paid within 30 days, which dropped from 84% to 70%. There has also been a slight increase in the percentage of invoices paid later than 60 days, from 5% to 11%.
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
30
Dispute Resolution Process
Festival Republic Limited seeks to resolve any queries and disputes on a timely basis. The supplier's point of contact within Festival Republic 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.
❌
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