INSPIRED GAMING (UK) LIMITED exhibits a consistent trend of extended payment cycles, with an average payment time of 152 days significantly exceeding standard terms. A mere 36% of invoices are paid within 30 days, indicating a predominant pattern of delayed settlements. This trajectory suggests suppliers should anticipate substantial payment delays.
The payment behavior of INSPIRED GAMING (UK) LIMITED presents high volatility and low predictability for suppliers. With 83% of payments being late and 45% extending beyond 60 days, significant uncertainty surrounds actual settlement dates. This indicates a high-risk environment for managing cash flow.
Suppliers should exercise extreme caution when extending credit to INSPIRED GAMING (UK) LIMITED due to the consistently high late payment rate and prolonged average payment time. Key decision factors include the severe impact on cash flow and the necessity for robust credit terms. Consider negotiating upfront payments, significantly shorter payment terms, or alternative payment security to mitigate financial risk.
| 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 Jan 2024 - 30 Jun 2024 | 06 Feb 2025 | 152 | 36% | 19% | 45% | 83% |
| 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 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 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Day Standard
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
1460
If the business raises a dispute against an invoice the business contact is to discuss with the supplier the dispute in question. A payment block would be posted against the invoice until query is resolve resulting in a potential credit note against the original invoice. Once dispute is closed, invoice will be paid.
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
INSPIRED GAMING (UK) LIMITED is an active private limited company operating within the gaming industry. As a private limited company, it functions as a distinct legal entity in the UK business landscape.
Registered under company number 03565640, INSPIRED GAMING (UK) LIMITED was incorporated on 18 May 1998. The company is based in the East Midlands, with its registered office located at First Floor, 107 Station Street, Burton-On-Trent, Staffordshire, England, DE14 1SZ.
Private limited companies operating within the UK gaming sector typically specialise in the development, distribution, or operation of gaming products and services. These offerings can encompass video games, gambling software, interactive entertainment platforms, or associated technology and content for both consumer and business markets.