GAMESMAN LIMITED

PaymentCheck Score 2021
68Fair
10.0vs last year
#2958 in UK
#12 in Lifestyle And Entertainment
#1209 in London

Company Information

Company Number
03027138
Registered Address
One, Fleet Place, London, England, EC4M 7WS
Status
Active
Employee Count
29
Turnover
£13,285,000
EBITDA
£1,798,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 February 1995
Nature of Business
46900 - Non-specialised wholesale trade
Industries
Lifestyle And Entertainment, Manufacturing, Marketing And Sales, Property-related Goods And Services, Raw Materials And Intermediate Goods
Region
London

Time to Pay

Average Time to Pay
23 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
57%
31-60 Days
41%
After 60 Days
2%
Not Paid Within Terms59%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Company Review

Trend Analysis

Despite an average payment time of 23 days, 59% of GAMESMAN LIMITED's payments are consistently late, suggesting a frequent inability to meet contractual deadlines. While 57% pay within 30 days, a substantial portion still extends beyond this timeframe. This trend indicates a prevalent pattern of delayed adherence to payment terms, rather than consistent promptness.

Volatility Analysis

Payment reliability is moderate, with 57% of payments made within 30 days, but a considerable 41% extending into the 31-60 day bracket. This distribution points to moderate unpredictability in receiving timely payments, as nearly half of invoices face potential delays. The 2% exceeding 60 days represents a minor, yet present, risk of prolonged payment cycles.

Summary Analysis

Overall, GAMESMAN LIMITED presents a moderate payment risk due to frequent delays, with 59% of payments being late and a significant portion extending beyond 30 days. Suppliers should anticipate that nearly half of invoices may experience payment delays of 30-60 days. To mitigate this risk, consider negotiating shorter payment terms or requiring upfront payments for significant orders.

Performance Reports History

Reporting Period Filed: 2021-04-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
26 Sept 2020 - 26 Mar 202122 Apr 20212357%41%2%59%
28 Mar 2020 - 25 Sept 202002 Nov 20202637%61%2%63%
30 Mar 2019 - 27 Sept 201929 Oct 20192859%38%3%51%
28 Sept 2018 - 29 Mar 201929 Apr 20193253%42%5%52%
01 Apr 2018 - 28 Sept 201810 Oct 20183152%45%3%54%
30 Sept 2017 - 30 Mar 201824 Apr 20183054%42%4%43%

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 30 days. However we tend to adopt supplier terms.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

60

Dispute Resolution Process

We don't have a standard process. Disputes, if any, would be settled by negotiation.

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

Company Summary

GAMESMAN LIMITED is an active private limited company operating within the games sector. The company's name indicates its engagement with products or services related to gaming.

The company is registered in London under company number 03027138 and was incorporated on 28 February 1995. Its registered office is located at One, Fleet Place, London, England, EC4M 7WS.

Private limited companies operating within the games sector in the UK typically engage in the design, development, manufacture, or distribution of gaming products and equipment. This often includes components, software, or complete systems for various gaming applications.

Financial Metrics

Cash
£48,900
Net Worth
£5,300,000
Total Current Assets
£16,800,000
Total Current Liabilities
£11,500,000

Company Location