The time taken for TATE ENTERPRISES LTD to pay invoices to suppliers has been steadily decreasing over the past three periods. In the first period (Apr 2019 to Sep 2019), the average time to pay was 32.4 days, which decreased to 30.5 days in the second period (Oct 2019 to Mar 2020) and further decreased to 28.6 days in the most recent period (Apr 2020 to Sep 2020).
The volatility in the time taken to pay invoices for TATE ENTERPRISES LTD has been relatively low over the past three periods. The average time to pay only had a difference of 3 days between the highest and lowest values, indicating a consistent payment pattern.
Between April 2019 and September 2020, TATE ENTERPRISES LTD has shown a consistent trend towards paying invoices to suppliers earlier. The average time to pay has decreased by 3.8 days, with the most recent period (Apr 2020 to Sep 2020) having the lowest average time of 28.6 days. The percentage of invoices paid within 30 days has also increased from 68.6% to 71.4%, while the percentage of invoices paid later than 60 days has decreased from 18.2% to 15.2%. The percentage of invoices not paid within agreed terms has also shown a decrease from 13.2% to 13.4%.
| 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 Apr 2019 - 30 Sept 2019 | 18 Mar 2020 |
TATE ENTERPRISES LTD is a UK-based company that specializes in managing and operating galleries, shops, and cafes within the Tate group. The company's main purpose is to generate income and support the work of the Tate galleries.
TATE ENTERPRISES LTD has a strong commitment to sustainability and has implemented various programs and initiatives to reduce its environmental impact. This includes using renewable energy sources, reducing waste, and promoting sustainable practices among its employees and suppliers.
The company offers a wide range of products and services, including art books, gifts, and souvenirs inspired by the Tate collections, as well as a variety of food and beverage options in its cafes. These products and services not only generate income for the company but also support the work of the Tate galleries.
The key people behind TATE ENTERPRISES LTD include its CEO, Robin Reilly, who has over 25 years of experience in the retail industry, and the company's board of directors, which is responsible for overseeing its operations and ensuring its sustainability goals are met.
For more information on TATE ENTERPRISES LTD and its sustainability efforts, you can visit their website at www.tateenterprises.com. The company's registered office address is Tate Enterprises Ltd, Millbank, London SW1P 4RG, United Kingdom.