THE RANK GROUP PLC
Company Information
- Company Number
- 03140769
- Registered Address
- Tor, Saint-Cloud Way, Maidenhead, Berkshire, United Kingdom, SL6 8BN
- Status
- Active
- Employee Count
- 7,243
- Turnover
- £681,900,000
- EBITDA
- £10,800,000
Additional Details
- Website
- https://rank.com/
- Company Type
- Public limited Company
- Incorporated On
- 22 December 1995
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Lifestyle And Entertainment
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 24 Jul 2025 | 0 | 100% | 0% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 19 Jan 2025 | 0 | 100% | 0% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 0 | 0% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Jul 2022 | 0 | 0% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 0 | 0% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 16 | 98% | 2% | 0% | 2% |
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
The majority of Rank’s suppliers are set to 30 days payment terms which is stipulated within the market tenders inviting commercial proposals, although some suppliers provide longer payment terms as part of the formal negotiation to provide a more attractive commercial model. Any payment terms less than 30 days must be agreed in advance with the Rank’s Senior Finance Leadership team. Any other information about payment terms N/A
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No further comment provided
Maximum contractual payment period agreed
60
Dispute Resolution Process
Purchase orders are raised for the majority of purchases to an approved Rank supplier. Contact details of the person raising the purchase order are given to the supplier on the purchase order. This would normally be the first point of contact for a supplier to resolve a payment dispute. The purchase order also includes terms and conditions of purchase. Section 6.3 under Payment states "If the buyer (Rank) fails to make any payment due to the seller under the contract by the due date for payment then the buyer shall pay interest on the overdue amount at the rate of 2% per annum above the National Westminster Bank Plc's base rate. Such interest shall accrue on a daily basis from the due date until the actual payment whether before or after judgement. This clause does not apply to payments that the buyer disputes in good faith". Rank would normally advise a supplier if there was an issue with goods or services delivered and request a credit note. If this was disputed by the supplier, then again the person that raised the PO would normally negotiate this 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
Company Summary
The Rank Group PLC is a British-based leisure and entertainment company that was founded in 1937. They operate a wide range of businesses including casinos, bingo clubs, and online gaming platforms.
Sustainability is a key focus for The Rank Group PLC, with a strong commitment to reducing their environmental impact and promoting responsible gambling. In 2019, they launched their "Green Club" initiative, which aims to reduce energy consumption and waste across their casino and bingo venues. They also have a responsible gambling program in place, providing resources and support for customers who may be at risk of developing a gambling problem.
The company's main products and services include casino games, bingo, and online gambling. They own and operate over 70 casinos and 100 bingo clubs in the UK, as well as online gaming sites such as Mecca Bingo and Grosvenor Casinos.
The Rank Group PLC is led by a team of key people, including Chief Executive Officer John O'Reilly and Chief Financial Officer Bill Floydd. The company's registered office address is at TOR, Saint-Cloud Way, Maidenhead, Berkshire, SL6 8BN, United Kingdom.
Their website, www.rank.com, provides information about their various businesses, career opportunities, and sustainability efforts. Customers can also contact the company through their website or by phone at 01628 504000. Overall, The Rank Group PLC is a well-established and socially responsible company that offers a variety of entertainment options while prioritizing sustainability and responsible gambling practices.
