THE BERKELEY HOTEL LIMITED
Company Information
- Company Number
- 03669260
- Registered Address
- 27 Knightsbridge, London, United Kingdom, SW1X 7LY
- Status
- Active
- Employee Count
- 454.0
- Turnover
- 59245000.0
- EBITDA
- 13430000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 November 1998
- Nature of Business
- 55100 - Hotels and similar accommodation
- Industries
- Lifestyle And Entertainment,Property,Infrastructure And Construction,Travel And Transportation
- Region
- London
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 | 30 Jan 2024 | 42 | 21% | 73% | 5% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 46 | 18% | 67% | 14% | 47% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 38 | 33% | 64% | 3% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Aug 2022 | 43 | 20% | 72% | 7% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 49 | 21% | 64% | 15% | 50% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 44 | 16% | 79% | 5% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 47 | 14% | 76% | 10% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 48 | 17% | 63% | 20% | 44% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 41 | 22% | 76% | 2% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 41 | 21% | 77% | 2% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 40 | 26% | 72% | 2% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Aug 2018 | 42 | 17% | 79% | 4% | 17% |
Company Summary
The Berkeley Hotel Limited is a luxury hotel company based in London, England
It was founded in 1897 and has been providing exceptional services to its guests for over a century
The hotel is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using energy-efficient systems, sourcing local and organic products, and promoting recycling and waste reduction
The Berkeley Hotel offers a range of high-end products and services, including luxurious rooms and suites, fine dining experiences, and a spa and fitness center
They also cater to events and conferences, providing state-of-the-art facilities and personalized services
The key people at The Berkeley Hotel Limited include the managing director, Anthony Lee, and the executive chef, Marcus Wareing
They have a team of dedicated and highly trained staff who strive to provide top-notch hospitality to their guests
For more information, the company's website is www.the-berkeley.co.uk
The registered office address is Wilton Place, Knightsbridge, London, SW1X 7RL, United Kingdom
Guests can also contact the hotel at +44 (0)20 7235 6000 for inquiries and reservations
Company Review
Trend Analysis
The average time to pay for THE BERKELEY HOTEL LIMITED has fluctuated over the past three years, with the highest average time to pay occurring in the first half of 2022 (48 days) and the lowest in the first half of 2022 (38 days). However, overall there has been a slight decrease in the average time to pay over the three-year period.
Volatility Analysis
In terms of volatility, there has been a steady decrease in the percentage of invoices paid later than 60 days, with the highest percentage occurring in the second half of 2020 (20%) and the lowest in the second half of 2023 (5%). This indicates that the company has been improving in terms of timely payments to suppliers.
Summary Analysis
From the data provided, it can be seen that THE BERKELEY HOTEL LIMITED has generally been improving in terms of timely payments to suppliers. The average time to pay has decreased slightly over the past three years, with the lowest average occurring in the second half of 2022 (38 days). Additionally, there has been a steady decrease in the percentage of invoices paid later than 60 days, indicating an improvement in payment efficiency.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are 30 days following the end of the month of the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Our payment terms are based on the invoice date and not the date that the invoice is received.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Payment disputes and queries are dealt with by the Accounts Payable Executive in the Finance Department who will liaise with the Purchasing Department or other relevant departments. Failing a successful resolution, the dispute will be escalated to the Assistant Financial Controller, Group Financial Controller or General Manager.
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
