DE VERE COTSWOLD WATER PARK LIMITED

PaymentCheck Score 2020
45Poor
New Entry
#4251 in UK
#215 in Lifestyle And Entertainment
#223 in Yorkshire and The Humber

Company Information

Company Number
03987970
Registered Address
The Inspire, Hornbeam Square West, Harrogate, North Yorkshire, HG2 8PA
Status
Active
Employee Count
194
Turnover
£14,091,000
EBITDA
£3,786,000

Additional Details

Company Type
Private limited Company
Incorporated On
8 May 2000
Nature of Business
55100 - Hotels and similar accommodation
Industries
Lifestyle And Entertainment,Travel And Transportation
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
55 days
Shortest Period:28 days
Longest Period:0 days
Max Contractual:61 days

Payment Timeline

Within 30 Days
17%
31-60 Days
63%
After 60 Days
20%
Not Paid Within Terms21%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-09-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2020 - 30 Jun 202028 Sept 20205517%63%20%21%
01 Jan 2019 - 30 Jun 201929 Jul 20194028%66%6%8%
01 Jul 2018 - 31 Dec 201823 Jan 20194618%76%6%8%
01 Jan 2018 - 30 Jun 201823 Jul 20184719%73%8%10%

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

End of month following month of invoice date i.e. end of month + 1 month

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

61

Dispute Resolution Process

All invoices are approved by the employee who raised the associated purchase order (“orderer”). Where there is a dispute on the invoice, this is raised by the orderer with the supplier. This is done electronically where the order was raised on our e-procurement system and by phone/email otherwise. Any disputes that cannot be resolved between the orderer and the supplier are escalated to the central Procurement team who will investigate and manage until resolved.

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.

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

DE VERE COTSWOLD WATER PARK LIMITED is a luxury hotel and resort located in the picturesque Cotswold Water Park in Gloucestershire, England. The company offers a range of sustainable and environmentally friendly activities, products, and services to its guests.

As part of their sustainability program, the hotel uses renewable energy sources, recycles waste, and has implemented water conservation measures. They also have an on-site organic kitchen garden and source locally grown produce for their restaurants.

The hotel offers a variety of activities for guests to enjoy, such as watersports, cycling, and nature walks, all of which are designed to promote a healthy and active lifestyle while minimizing the impact on the environment. They also offer spa and wellness facilities that use natural and organic products.

The key people behind DE VERE COTSWOLD WATER PARK LIMITED are the CEO, Craig Webster, and the Managing Director, James Blundell. Both have extensive experience in the hospitality industry and are committed to promoting sustainable practices within the company.

The company's registered office address is located at Lake 6, Spine Road East, South Cerney, Gloucestershire, GL7 5FP. Their website address is https://www.phcompany.com/de-vere/cotswold-water-park-hotel/. Guests can contact the hotel directly through their website or by phone at +44 (0)1285 864000.

Financial Metrics

Cash
£746,000
Net Worth
£19,529,000
Total Current Assets
£13,857,000
Total Current Liabilities
£2,374,000

Company Location