BETGENIUS LIMITED
Company Details
Registration Number
04062777
Registered Address
1st Floor 27 Soho Square London England W1D 3QR
Company Status
Active
Employee Count
291
Turnover
£141,065,000
EBITDA
£-28,764,000
Additional Information
Website
betgenius.com/Company Type
Private limited Company
Incorporated on
31 August 2000
Nature of Business (SIC)
63110 - Data processing, hosting and related activities
92000 - Gambling and betting activities
Industries
Application software, Betting and gambling
Region
LondonCompany Location
Financial Overview
£20,609,000
£-69,543,000
Last Reporting Period
Filed
06 Aug 2020
Period
01 Jan 2020 - 30 Jun 2020
Payment Timing
Average Time to Pay
53 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
92%
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 Jan 2020 - 30 Jun 2020 | 06 Aug 2020 | 53 | 34% | 32% | 34% | 92% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 30 | 57% | 34% | 8% | 70% |
| 01 Jan 2019 - 30 Jun 2019 | 21 Jan 2020 | 35 | 52% | 37% | 11% | 78% |
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
Company Review
Trend Analysis
The average time taken for BETGENIUS LIMITED to pay invoices to suppliers has increased from 35 days in the first period to 53 days in the most recent period. This indicates a negative trend, with the company taking longer to pay their invoices over time.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 52% and 34%, with the highest percentage in the first period and the lowest in the most recent period. This indicates a high level of volatility in the company's ability to pay invoices within 30 days.
Summary Analysis
In the first period analysed (Jan 2019 - Jun 2019), BETGENIUS LIMITED had an average time to pay of 35 days, with 52% of invoices paid within 30 days, 37% paid between 31 and 60 days, and 11% paid later than 60 days. The percentage of invoices not paid within agreed terms was 78%.
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
Any other information about payment terms
N/A
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.
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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?
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