EDEN PROJECT LIMITED
Company Information
- Company Number
- 03278093
- Registered Address
- Bodelva, Par, Cornwall, PL24 2SG
- Status
- Active
- Employee Count
- 344
- Turnover
- £23,165,000
- EBITDA
- £411,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 November 1996
- Nature of Business
- 85590 - Other education not elsewhere classified91040 - Botanical and zoological gardens and nature reserves activities
- Industries
- Travel And Transportation
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time for EDEN PROJECT LIMITED is 78 days, demonstrating a clear trend towards significantly extended payment periods. A substantial 59% of payments consistently fall into the 'over 60 days' category, with only 10% being settled within 30 days. This indicates a consistent trajectory of slow payment performance.
Volatility Analysis
Payment reliability for EDEN PROJECT LIMITED is low, with 73% of invoices consistently being paid late and 59% exceeding 60 days. This pattern presents high unpredictability for suppliers regarding cash flow timing. Such extended delays signal increased operational and liquidity risk for any supplying business.
Summary Analysis
Suppliers should anticipate considerable cash flow delays when dealing with EDEN PROJECT LIMITED due to their 78-day average payment time and 73% late payment rate. It is advisable to factor potential delays into pricing and resource allocation. Implementing strict credit terms or requiring partial upfront payments are recommended risk mitigation strategies.
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 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 41 | 19% | 70% | 11% | 30% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 47 | 13% | 63% | 24% | 49% |
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 our suppliers have terms of 30 days from the end of the month in which the invoice was raised, this averages at 45 days. Our aim is to pay in line with the supplier's terms, though for small local traders, we aim to pay in less than 30 days. Building contracts are paid under architect certification and contract terms, and there are occasions where we make faster payments for particular business needs. During Covid 19, staff were furloughed and payment days increased significantly.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The most common reason for delays in payments are: Suppliers failing to follow the purchase order system properly and Invoices not submitted electronically by suppliers and lost in transit. During Covid 19, staff were furloughed and payment days increased significantly.
Maximum contractual payment period agreed
60
Dispute Resolution Process
This is initially dealt with directly between the Purchase Ledger team and supplier, all suppliers have a named telephone and email contact in the Purchase Ledger team. Disputes can be escalated firstly to our Head of Finance, and secondly to the Finance Director, to facilitate prompt resolution.
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.
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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.
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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.
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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?
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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
EDEN PROJECT LIMITED is an active private limited company. Its operations are centred around the 'Eden Project' initiative, reflecting its corporate identity.
The organisation holds the company number 03278093 and was incorporated on 14 November 1996. Its registered office is located at Bodelva, Par, Cornwall, PL24 2SG, within the South West region.
As a private limited company operating in the UK, EDEN PROJECT LIMITED typically engages in commercial activities. These commonly involve the provision of various products or services, project management, and general business operations.
