STER CENTURY UK LIMITED
Company Information
- Company Number
- 03347110
- Registered Address
- 10 Chiswick Park, 566 Chiswick High Road, London, W4 5XS
- Status
- Active
- Employee Count
- 358
- Turnover
- £33,979,000
- EBITDA
- £6,034,000
Additional Details
- Website
- https://stercentury.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 2 April 1997
- Nature of Business
- 59140 - Motion picture projection activities
- Industries
- Digital Entertainment, Media And Publishing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for STER CENTURY (UK) LIMITED to pay invoices to suppliers has fluctuated over the past three periods, with a slight increase from 38 days in 2017-2018 to 42 days in 2021-2022. However, there was a sharp increase in 2020-2021, with an average time of 146 days. This could indicate potential financial difficulties during that time period.
Volatility Analysis
The volatility of STER CENTURY (UK) LIMITED's payment practices can be seen in the varying percentages of invoices paid within 30 days and later than 60 days. In 2020-2021, there was a significant decrease in the percentage of invoices paid within 30 days, while the percentage of invoices paid later than 60 days increased drastically. This shows a high level of volatility in the company's payment practices during that time.
Summary Analysis
Overall, there has been a slight increase in the average time taken for STER CENTURY (UK) LIMITED to pay invoices to suppliers, from 38 days in 2017-2018 to 42 days in 2021-2022. The company's best period for early payment was in 2018-2019, with 42% of invoices paid within 30 days. The worst period for late payment was in 2020-2021, with 63% of invoices paid later than 60 days.
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 Dec 2021 - 31 May 2022 | 30 Jun 2022 | 42 | 43% | 39% | 18% | 59% |
| 01 Jun 2021 - 30 Nov 2021 | 31 Dec 2021 | 36 | 34% | 54% | 11% | 67% |
| 01 Dec 2020 - 31 May 2021 | 30 Jun 2021 | 146 | 3% | 34% | 63% | 84% |
| 01 Jun 2020 - 30 Nov 2020 | 22 Dec 2020 | 87 | 4% | 57% | 39% | 74% |
| 01 Dec 2019 - 31 May 2020 | 30 Jun 2020 | 51 | 26% | 49% | 25% | 58% |
| 01 Jun 2019 - 30 Nov 2019 | 23 Dec 2019 | 45 | 35% | 45% | 20% | 65% |
| 01 Dec 2018 - 31 May 2019 | 28 Jun 2019 | 38 | 42% | 48% | 10% | 59% |
| 01 Jun 2018 - 29 Nov 2018 | 21 Dec 2018 | 37 | 31% | 58% | 11% | 70% |
| 01 Dec 2017 - 31 May 2018 | 28 Jun 2018 | 38 | 33% | 57% | 10% | 68% |
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
"All suppliers relating to UK operations of Ster Century (UK) Limited are contracted and agreed via Vue Entertainment Ltd. Standard payment terms are agreed between immediate and 45 days. Suppliers are paid weekly on a Wednesday for invoices due for payment up to payment date. "
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
"It is not possible to differentiate payment practices relating to Ster Century (UK) Ltd from those of Vue Entertainment Ltd and so the data above relates to the combined entities. Due to the Covid-19 pandemic, some invoices continue to be paid in line with supplier agreements rather than standard terms."
Maximum contractual payment period agreed
45
Dispute Resolution Process
"Ster Century (UK) Limited seeks to resolve disputes in a timely manner through discussion with the relevant supplier. Dispute resolution involves the appropriate senior manager. For Concession suppliers we place reliance on signed proof of delivery as part of resolving disputes and as agreed with suppliers. Once resolved, invoices go forward for payment in accordance with the agreed supplier terms. "
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.
❌
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
STER Century (UK) Limited is a film distribution and exhibition company based in the United Kingdom. The company was founded in 1995 and has since become a prominent player in the UK film industry.
The company's main focus is on distributing and exhibiting international films in the UK market. They have a diverse range of films in their portfolio, ranging from Hollywood blockbusters to independent foreign films. They also operate a number of cinemas across the country, providing a platform for these films to be screened.
In addition to their film distribution and exhibition activities, STER Century (UK) Limited is committed to sustainability. They have implemented various initiatives to reduce their carbon footprint and promote green practices. This includes using energy-efficient equipment in their cinemas, recycling programs, and promoting public transport for cinema-goers.
One of the key people at STER Century (UK) Limited is the Managing Director, who oversees the company's operations and strategic direction. The company also has a team of experienced professionals in various departments such as distribution, marketing, and operations.
To learn more about STER Century (UK) Limited and their services, interested individuals can visit their website at www.stercentury.co.uk. The company's registered office address is at 5th Floor, 1 Cavendish Place, London, W1G 0QF, United Kingdom.
