INSPIRED GAMING UK LIMITED
Company Information
- Company Number
- 03565640
- Registered Address
- First Floor, 107 Station Street, Burton-On-Trent, Staffordshire, England, DE14 1SZ
- Status
- Active
- Employee Count
- 1825.0
- Turnover
- 195872000.0
- EBITDA
- 67769000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 May 1998
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified$92000 - Gambling and betting activities$93290 - Other amusement and recreation activities not elsewhere classified
- Industries
- Creative,Media And Publishing,Lifestyle And Entertainment
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 | 31 Jan 2024 | 33 | 54% | 32% | 14% | 48% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 35 | 23% | 35% | 42% | 52% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 40 | 41% | 38% | 21% | 54% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 64 | 23% | 35% | 42% | 61% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jan 2022 | 70 | 46% | 37% | 17% | 58% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 66 | 27% | 35% | 38% | 61% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 69 | 18% | 44% | 38% | 57% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 75 | 14% | 20% | 66% | 70% |
| 01 Apr 2019 - 31 Dec 2019 | 28 Jan 2020 | 47 | 40% | 38% | 22% | 38% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 47 | 31% | 41% | 28% | 40% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 56 | 26% | 39% | 35% | 42% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 54 | 21% | 41% | 38% | 58% |
Company Summary
INSPIRED GAMING (UK) LIMITED is a leading provider of technology and content for the gaming industry
The company offers a wide range of products and services, including virtual sports, gaming machines, and digital games, to customers in over 35 countries
As part of its commitment to sustainability, INSPIRED GAMING (UK) LIMITED has implemented a number of initiatives to reduce its environmental impact
This includes using energy-efficient equipment and materials in their products and operations, as well as promoting recycling and waste reduction practices
The company's products and services are designed to meet the needs of both land-based and online gaming operators
This includes virtual sports products, such as football, horse racing, and tennis, which provide a realistic and engaging experience for players
They also offer a variety of gaming machines, including electronic bingo, slot machines, and video lottery terminals, which are popular in casinos and other gaming venues
Key people at INSPIRED GAMING (UK) LIMITED include CEO Luke Alvarez, who has over 20 years of experience in the gaming industry, and CFO Mark Whitworth, who has a strong background in finance and technology
The company's registered office address is at 3 The Maltings, Wetmore Road, Burton-on-Trent, Staffordshire, DE14 1SE
For more information on INSPIRED GAMING (UK) LIMITED and its products and services, individuals can visit their website at www.inspiredgaminggroup.com
The website provides detailed information on their sustainability program, as well as contact information for sales and customer support
Overall, INSPIRED GAMING (UK) LIMITED is a reputable and innovative company in the gaming industry, with a strong commitment to sustainability and providing top-quality products and services to its customers
Company Review
Trend Analysis
Based on the data provided, there is a clear downward trend in the average time taken for Inspired Gaming (UK) Limited to pay invoices to suppliers. This is shown by the decreasing average time to pay from 54 days in 2017-2018 to 33 days in 2023-2023. This indicates that the company has been improving their payment process over the years, resulting in faster invoice payments.
Volatility Analysis
There is also a noticeable volatility in the percentage of invoices paid within 30 days, ranging from 14% in 2020-2021 to 54% in 2023-2024. This suggests that the company's payment process may not be consistently efficient and there may be external factors affecting their ability to pay within 30 days. Additionally, there is a consistent volatility in the percentage of invoices paid later than 60 days, ranging from 14% in 2023-2024 to 70% in 2020-2021. This indicates that there may be issues with cash flow or other internal processes that are causing delays in invoice payments.
Summary Analysis
Looking at the data for the past three periods, there has been a decrease in the average time taken for Inspired Gaming (UK) Limited to pay invoices, from 47 days in 2018-2019 to 33 days in 2023-2024. This is a significant improvement and shows that the company is actively working towards paying their suppliers in a timely manner. There has also been a significant increase in the percentage of invoices paid within 30 days, from 40% in 2019-2020 to 54% in 2023-2024. This is a positive trend and indicates that the company is making efforts to pay their suppliers on time. However, there is still room for improvement as the percentage of invoices paid later than 60 days remains high at 21% in 2023-2024. This is the worst period in terms of delayed payments and the company should focus on addressing this issue to maintain a positive relationship with their suppliers. Additional Notes: - The company's shortest (or only) standard payment period has remained constant at 60 days throughout all the periods. - There has been a consistent decrease in the percentage of invoices paid between 31 and 60 days, indicating that the company is making progress in paying their suppliers within the 30-day window. - In 2023-2024, the percentage of invoices not paid within agreed terms has decreased to 14%, which is the lowest in all the periods. This shows that the company has made significant improvements in adhering to their agreed payment terms with suppliers.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 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
90
Dispute Resolution Process
Any disputes are referred to our Accounts Payable Team who will escalate to Senior Management.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
