OPENBET LIMITED
Company Information
- Company Number
- 03134634
- Registered Address
- Building 6, Chiswick Park, 566 Chiswick High Road, London, England, W4 5HR
- Status
- Active
- Employee Count
- 360
- Turnover
- £40,971,000
- EBITDA
- -£13,059,000
Additional Details
- Website
- https://openbet.com
- Company Type
- Private limited Company
- Incorporated On
- 6 December 1995
- Nature of Business
- 62012 - Business and domestic software development62020 - Information technology consultancy activities62090 - Other information technology service activities
- Industries
- Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for OPENBET LIMITED to pay invoices has fluctuated over the past three periods, with a decrease from 33 days in the first period to 28 days in the second period, followed by an increase to 44 days in the third period. The most recent period has shown a decrease to 27 days, indicating an improvement in timely payments.
Volatility Analysis
The percentage of invoices paid within 30 days has varied the most over the past three periods, with a decrease from 68% in the first period to 30% in the third period, followed by an increase to 30% in the most recent period. This indicates a high level of volatility in timely payments. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a decrease from 23% in the first period to 43% in the third period, followed by a decrease to 35% in the most recent period.
Summary Analysis
From the data provided, OPENBET LIMITED has shown a decrease in the average time taken to pay invoices from 33 days in the first period to 27 days in the most recent period. However, there has been a decrease in the percentage of invoices paid within 30 days, indicating a need for improvement in timely payments. The worst period for OPENBET LIMITED in terms of invoices paid later than 60 days was in the second period, with 27% of invoices paid late. The company has also shown a decrease in the percentage of invoices paid within agreed terms, from 32% in the first period to 17% in the most recent period.
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 | 01 Aug 2022 | 32 | 31% | 30% | 39% | 15% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Mar 2022 | 27 | 30% | 35% | 35% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 12 Nov 2020 | 44 | 30% | 43% | 27% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Dec 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 31 Dec 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 31 Dec 2019 |
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
Shortest Standard payment terms used = Immediate Longest standard payment terms used= 90 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
90
Dispute Resolution Process
It will be handled by the Accounts Payable Department
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
OpenBet Limited is a leading gaming and sports betting software company based in London, UK. The company was founded in 1996 and has grown to become a global leader in the industry. OpenBet's main focus is on providing innovative and cutting-edge technology solutions for online gaming operators around the world.
One of the key activities of OpenBet is the development and delivery of high-quality gaming platforms and software solutions. These include sports betting, casino games, poker, and bingo, among others. The company's products and services are used by some of the biggest names in the industry, including William Hill, Ladbrokes, and Paddy Power.
In addition to their technological advancements, OpenBet also has a strong commitment to sustainability. The company has implemented various initiatives to reduce their environmental impact and promote sustainability in their operations. This includes using energy-efficient technologies, reducing waste, and promoting sustainable practices among their employees.
OpenBet's sustainability efforts also extend to their products and services. The company has developed responsible gambling tools to help operators promote safe and responsible gaming. They also work closely with regulators to ensure compliance with responsible gambling regulations and promote responsible gaming practices.
The key people behind OpenBet's success include their CEO, Dominic Le Garsmeur, and their Chief Operating Officer, Jeremy Thompson-Hill. They lead a team of highly skilled professionals who are dedicated to providing top-notch products and services to their clients.
For more information about OpenBet and their products and services, you can visit their website at www.openbet.com. The company's registered office address is located at 2 Bloomsbury Street, London, WC1B 3ST, UK.
