BETGENIUS LIMITED

PaymentCheck Score 2020
37Poor
New Entry
#4631 in UK
#246 in Lifestyle And Entertainment
#1551 in London

Company Information

Company Number
04062777
Registered Address
1st Floor 27 Soho Square, London, England, W1D 3QR
Status
Active
Employee Count
291
Turnover
£141,065,000
EBITDA
-£28,764,000

Additional Details

Company Type
Private limited Company
Incorporated On
31 August 2000
Nature of Business
63110 - Data processing, hosting and related activities
92000 - Gambling and betting activities
Industries
Lifestyle And Entertainment,Software
Region
London

Time to Pay

Average Time to Pay
53 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
34%
31-60 Days
32%
After 60 Days
34%
Not Paid Within Terms92%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-08-06
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 202006 Aug 20205334%32%34%92%

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

Standard contractual terms for trade goods and services - 30 days

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

90

Dispute Resolution Process

If an invoice payment is disputed by the supplier the first point of contact is the accounts payable clerk for Betgenius Ltd based in the UK. Where payment has already been provided, proof of payment is provided in the form of a bank remittance. Where no payment has yet been made, or payment has been delayed, the supplier is informed of the delay reason and an expected payment date is provided. Further queries to both paid and unpaid invoices are then forwarded to the relevant Financial controller on a case by case basis.

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

BETGENIUS LIMITED is a UK-based company that provides technology and data-driven solutions for the sports betting and lottery industries. Founded in 2000, the company has grown to become a global leader in its field, with offices in the UK, Malta, and the US.

The company's sustainability program focuses on reducing its environmental impact and promoting social responsibility. This includes initiatives such as using renewable energy sources, implementing waste reduction measures, and supporting local communities through charitable donations and volunteer work.

BETGENIUS offers a wide range of products and services, including data and odds feeds, trading tools, and risk management solutions. Their products are designed to help sports betting and lottery operators improve their efficiency, profitability, and customer experience.

The key people at BETGENIUS LIMITED include their CEO, Mark Locke, who has over 20 years of experience in the technology and sports betting industries. Other key team members include the Chief Operating Officer, Chief Commercial Officer, and Chief Product Officer.

To learn more about BETGENIUS and their products and services, you can visit their website at www.betgenius.com. Their registered office address is located at 1 New Change, London, EC4M 9AF, UK.

Financial Metrics

Cash
£20,609,000
Net Worth
-£69,543,000
Total Current Assets
£109,234,000
Total Current Liabilities
£235,488,000

Company Location