The trend for APOLLO CINEMAS LIMITED in terms of the average time taken to pay invoices has been consistently at 0 days for the past 5 periods. However, there has been a noticeable increase in the percentage of invoices paid later than 60 days, with a peak of 41% in the period between Dec 2020 and May 2021. This trend has slightly improved in the most recent period, with a decrease of 30% in the percentage of invoices paid later than 60 days.
The data for APOLLO CINEMAS LIMITED shows low volatility in terms of the average time taken to pay invoices, with a consistent 0 days average for the past 5 periods. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a peak of 41% in the period between Dec 2020 and May 2021. This has slightly improved in the most recent period, with a decrease of 30% in the percentage of invoices paid later than 60 days.
Looking at the past 3 periods, there has been no change in the average time taken for APOLLO CINEMAS LIMITED to pay invoices. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 50% in the period between Dec 2020 and May 2021 to 43% in the most recent period. This improvement is also reflected in the decrease of 18% in the percentage of invoices not paid within agreed terms.
| 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 Dec 2021 - 31 May 2022 | 30 Jun 2022 | 42 | 43% | 39% | 18% | 59% |
| 01 Jun 2021 - 30 Nov 2021 | 31 Dec 2021 | 36 | 34% | 54% | 11% | 67% |
| 01 Dec 2020 - 31 May 2021 | 30 Jun 2021 | 0 | 50% | 9% | 41% | 58% |
| 01 Jun 2020 - 30 Nov 2020 | 22 Dec 2020 | 0 | 67% | 0% | 33% | 32% |
| 01 Dec 2019 - 31 May 2020 | 30 Jun 2020 | 0 | 100% | 0% | 0% | 14% |
| 01 Jun 2019 - 30 Nov 2019 | 23 Dec 2019 | 0 | 100% | 0% | 0% | 0% |
| 01 Dec 2018 - 31 May 2019 | 28 Jun 2019 | 0 | 100% | 0% | 0% | 0% |
| 01 Jun 2018 - 29 Nov 2018 | 21 Dec 2018 | 0 | 100% | 0% | 0% | 0% |
| 01 Dec 2017 - 31 May 2018 | 28 Jun 2018 | 0 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
"All suppliers relating to UK operations of Apollo Cinemas Limited are contracted and agreed via Vue Entertainment Ltd. Standard payment terms are agreed between immediate and 45 days. Suppliers are paid weekly on a Friday for invoices due for payment up to payment date. "
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
"Apollo Cinema invoices are processed through Vue Entertainment Ltd and it is not possible to differentiate payment practices relating to Apollo Cinemas Limited from those of Vue Entertainment Ltd. The data above relates to the combined entities. Due to the Covid-19 pandemic, some invoices continue to be paid in line with supplier agreements rather than standard terms."
Maximum contractual payment period agreed
45
"Apollo Cinemas Limited seeks to resolve disputes in a timely manner through discussion with the relevant supplier. Dispute resolution involves the appropriate senior manager. For Concession suppliers we place reliance on signed proof of delivery as part of resolving disputes and as agreed with suppliers. Once resolved, invoices go forward for payment in accordance with the agreed supplier terms. "
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?
No information available
Apollo Cinemas Limited is registered under the SIC code for motion picture projection activities, indicating that it operates as a cinema business exhibiting films to the public. The company was incorporated in February 2002 and is registered in London. It remains an active private limited company. No further detail on trading locations, brand names or scale of operations is available from the evidence supplied, but the classification confirms its core activity as cinema exhibition rather than film production or distribution.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk