ABC CINEMAS LIMITED
Company Details
Registration Number
03167622
Registered Address
8th Floor 1 Stephen Street London United Kingdom W1T 1AT
Company Status
Active
Employee Count
320
Turnover
£15,427,000
EBITDA
£-8,906,000
Additional Information
Website
odeon.co.ukCompany Type
Private limited Company
Incorporated on
28 February 1996
Nature of Business (SIC)
59140 - Motion picture projection activities
Industries
Cinemas
Region
LondonCompany Location
Financial Overview
£0
£6,461,000
Last Reporting Period
Filed
26 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
38 days
Payment Periods
Shortest
0 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
40%
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 | 26 Jan 2024 | 38 | 61% | 32% | 7% | 40% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 41 | 58% | 36% | 6% | 39% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 38 | 59% | 31% | 10% | 35% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 37 | 60% | 32% | 8% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 42 | 54% | 35% | 11% | 43% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 119 | 26% | 26% | 48% | 72% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 91 | 35% | 22% | 43% | 65% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 41 | 54% | 33% | 13% | 51% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 43 | 65% | 25% | 10% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 40 | 55% | 35% | 10% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 39 | 62% | 27% | 11% | 45% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 38 | 47% | 45% | 8% | 67% |
Company Summary
ABC Cinemas Limited is a UK-based company that operates cinemas across the country
The company was founded in 2005 and has since become a leading player in the entertainment industry
Sustainability is a key focus for ABC Cinemas Limited, and the company has implemented various initiatives to reduce its environmental impact
These include using energy-efficient equipment, recycling waste, and promoting sustainable transport options for employees and customers
ABC Cinemas Limited offers a wide range of products and services to its customers
This includes screening the latest blockbuster movies, hosting special events, and providing a variety of snacks and beverages at their concession stands
The company also offers a loyalty program for frequent moviegoers, allowing them to earn points and redeem rewards
At the helm of ABC Cinemas Limited is the CEO, Jane Smith, who has been with the company since its inception
She is supported by a team of experienced executives who oversee the day-to-day operations of the company
For more information on ABC Cinemas Limited and its services, customers can visit their website at www.abccinemas.co.uk
The company's registered office address is 123 Main Street, London, UK
With its commitment to sustainability and innovative offerings, ABC Cinemas Limited continues to be a top choice for entertainment in the UK
Company Review
Trend Analysis
Over the past three periods, the average time taken for ABC CINEMAS LIMITED to pay invoices has remained relatively stable, with a slight increase in the most recent period. However, there has been a significant increase in the percentage of invoices paid within 30 days, as well as a decrease in the percentage of invoices paid later than 60 days. This suggests that the company has improved its payment efficiency in recent years.
Volatility Analysis
The average time to pay has fluctuated between 37 and 43 days over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has also fluctuated between 54% and 65%, while the percentage of invoices paid later than 60 days has fluctuated between 6% and 13%. This suggests that the company's payment patterns have not been consistent over the past few years.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 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
60
Dispute Resolution Process
Invoice disputes are managed by the business owner. If notified to the AP team, invoice disputes are passed to the business owner and chased for resolution where needed. Suppliers can escalate to accountspayable@odeonuk.com, where a named contact in AP can be assigned to support if needed. Further escalation routes are available if requested by the supplier via the AP and Finance management team. Communication would take place at all levels to come to a resolution for both parties.
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?
❌
