GAMESYS LIMITED

PaymentCheck Score 2024
87Good
New Entry
#1338 in UK
#36 in Creative
#623 in London

Company Information

Company Number
04042931
Registered Address
Colegrave House, 70 Berners Street, London, United Kingdom, W1T 3NL
Status
Active
Employee Count
478
Turnover
£120,592,000
EBITDA
£4,667,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 July 2000
Nature of Business
62011 - Ready-made interactive leisure and entertainment software development
Industries
Creative,Media And Publishing,Lifestyle And Entertainment,Software
Region
London

Time to Pay

Average Time to Pay
33 days
Shortest Period:0 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
89%
31-60 Days
3%
After 60 Days
8%
Not Paid Within Terms1%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2024-07-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202416 Jul 20243389%3%8%1%

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

Most suppliers are net 30 days terms.

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

30

Dispute Resolution Process

Each invoice has first approval buy business (budget holders) and second approval is based on DOA. Some ofthe invoices may be on hold (dispute coast) by business (budget holders) due to incorrect invoiceamount/quantity. Is the business (budget holders) that follow up with supplier for correcting the discrepancies.

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

GAMESYS LIMITED is a British online gaming company that offers a variety of products and services in the gaming industry. The company was founded in 2001 and is based in London, with offices in Gibraltar, Malta, and the United States.

One of the key activities of GAMESYS LIMITED is the development and operation of online gaming platforms, such as online casinos and bingo sites. These platforms offer a wide range of games, including slots, poker, and bingo, to players around the world.

In addition to their gaming activities, GAMESYS LIMITED is committed to sustainability and has implemented a number of initiatives to reduce their environmental impact. This includes using renewable energy sources, reducing waste, and promoting sustainable practices within their offices and operations.

The company's products and services are also designed with responsible gaming in mind. They have implemented measures to prevent underage gambling and offer tools for players to control their spending and gaming habits.

Key people at GAMESYS LIMITED include the CEO, Lee Fenton, who has over 20 years of experience in the gaming industry, and the Chief Operating Officer, Robeson Reeves, who has been with the company since 2004.

For further information, their website address is www.gamesyscorporate.com and their registered office address is 10 Piccadilly, London, W1J 0DD, United Kingdom. With their commitment to sustainability and a wide range of innovative gaming products and services, GAMESYS LIMITED continues to be a leader in the online gaming industry.

Financial Metrics

Cash
£593,744
Net Worth
£716,163,474
Total Current Assets
£106,640,238
Total Current Liabilities
£86,433,115

Company Location