CENTERPLATE UK LIMITED
Company Details
Registration Number
04242557
Registered Address
One Southampton Row London England WC1B 5HA
Company Status
Active
Employee Count
902
Turnover
£14,089,000
EBITDA
£739,000
Additional Information
Website
centerplate.co.ukCompany Type
Private limited Company
Incorporated on
27 June 2001
Nature of Business (SIC)
56210 - Event catering activities
Industries
Event management, booking and ticketing
Region
LondonCompany Location
Financial Overview
£10,928,276
£689,961
Last Reporting Period
Filed
30 Sep 2019
Period
01 Mar 2019 - 31 Aug 2019
Payment Timing
Average Time to Pay
43 days
Payment Periods
Shortest
0 days
Longest
91 days
Max Contractual
91 days
Payment Timeline
Not Paid Within Terms
11%
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 Mar 2019 - 31 Aug 2019 | 30 Sep 2019 | 43 | 24% | 64% | 12% | 11% |
| 01 Sep 2018 - 28 Feb 2019 | 27 Mar 2019 | 53 | 9% | 61% | 30% | 5% |
| 01 Jan 2018 - 31 Aug 2018 | 27 Mar 2019 | 54 | 13% | 62% | 25% | 26% |
Company Summary
CENTERPLATE UK LIMITED is a catering and hospitality company based in the United Kingdom
They provide a wide range of services such as event catering, food and beverage management, and venue operations
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program includes using locally sourced ingredients, reducing food waste, and implementing energy-efficient practices
They also work with their suppliers to ensure sustainable and ethical sourcing of products
The company has been awarded the ISO 14001 certification for their efforts in environmental management
CENTERPLATE UK LIMITED offers a diverse range of products and services to cater to various events and venues
They have a team of experienced and skilled professionals who are dedicated to providing high-quality services to their clients
The company has worked with numerous high-profile clients and has a reputation for delivering exceptional dining experiences
Some of the key people at CENTERPLATE UK LIMITED include Nick Appleyard, the Managing Director, and Keith Prowse, the Director of Sales and Marketing
They have a strong leadership team that is committed to driving the company's growth and success
For more information about CENTERPLATE UK LIMITED and their services, you can visit their website at https://centerplate.co.uk/
Their registered office address is 20-22 Wenlock Road, London, N1 7GU, United Kingdom
Company Review
Trend Analysis
The average time taken by CENTERPLATE UK LIMITED to pay invoices has decreased over the past three periods, with the average time to pay being 54 days in the first period, 53 days in the second period, and 43 days in the most recent period. This indicates an improvement in the company's efficiency in paying its suppliers.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated over the past three periods, with a decrease from 13% to 9% in the second period and an increase to 24% in the most recent period. The percentage of invoices paid between 31 and 60 days has remained relatively stable, while the percentage of invoices paid later than 60 days has decreased from 25% to 12% over the past three periods. This indicates a decrease in volatility in the company's payment practices.
Summary Analysis
For CENTERPLATE UK LIMITED, the average time taken to pay invoices has decreased from 54 days in the first period to 43 days in the most recent period. The percentage of invoices paid within 30 days has fluctuated, with a decrease from 13% to 9% in the second period and an increase to 24% in the most recent period. The percentage of invoices paid between 31 and 60 days has remained stable, while the percentage of invoices paid later than 60 days has decreased from 25% to 12% over the past three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Centerplate UK Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 45 days from end of month
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
91
Dispute Resolution Process
Extract taken from Centerplate UK Ltd Terms and Conditions for the purchase of goods and/or services: 8.7 If the amount of any invoice or any other sum payable under the Contract is subject to a bona fide dispute between the parties, the following provisions shall apply: 8.7.1 the Customer shall pay to the Supplier, in accordance with these Conditions, all amounts not disputed in good faith by the Customer; 8.7.2 the Customer shall notify the Supplier as soon as is reasonably practicable after receiving an invoice and in any event within 30 days after the date of its receipt of the relevant invoice of any disputed items describing in reasonable detail its reasons for disputing each item (including the amount of the invoice that is disputed); and 8.7.3 the Parties shall seek to reach settlement on the items that are the subject of the dispute in accordance with condition 14.8; 8.7.4 subject to clause 8.7.3, upon resolution of any sum which the Customer agrees to pay or it is determined that the Customer shall pay (whether such agreed or determined sum is the amount originally invoiced or a different amount), that sum shall become payable by the Customer within 30 days of that agreement or determination (as the case may be). Extract taken from Centerplate UK Ltd covering letter issued to all suppliers: o Centerplate UK trades via a web based operation and accounts system (based on the Indicater software). Any order upon which you act must be a valid Purchase Order, (LIN & minimum of 5 numbers) generated from our Indicater system. You must be in receipt of this PO number before you initiate any delivery. o Delivery must be accompanied by an itemised & priced delivery note/invoice (POD) that quotes the PO number, delivery date, branch name and address. Once the goods/services have been checked this must be signed by a Centerplate senior member of staff as proof of delivery. We reserve the right to refuse payment of any invoice that doesn’t quote the valid PO Number.
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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