THE GOODWOOD CLUB LIMITED
Company Information
- Company Number
- 04570253
- Registered Address
- Goodwood House, Goodwood, Chichester, England, PO18 0PX
- Status
- Active
- Employee Count
- 101.0
- Turnover
- 10666000.0
- EBITDA
- 892000.0
Additional Details
- Website
- https://goodwood.com
- Company Type
- Private limited Company
- Incorporated On
- 23 October 2002
- Nature of Business
- 93120 - Activities of sport clubs
- Industries
- Lifestyle And Entertainment
- Region
- South East
Company Location
Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 39 | 33% | 61% | 6% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 39 | 29% | 66% | 5% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 39 | 32% | 61% | 7% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 39 | 30% | 65% | 5% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 40 | 31% | 63% | 6% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 37 | 37% | 60% | 3% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 42 | 26% | 65% | 9% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 41 | 35% | 55% | 10% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 44 | 19% | 73% | 8% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 41 | 22% | 73% | 4% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 45 | 12% | 80% | 8% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 37% | 60% | 3% | 3% |
Company Summary
The Goodwood Club Limited is a private members club located in Chichester, England
The club offers a variety of activities and services to its members, including golf, horse racing, and fine dining
The club also has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact
One of the key sustainability programs of The Goodwood Club Limited is their waste management system
The club has implemented measures to reduce waste, such as recycling and composting, and also encourages members to use reusable items instead of single-use plastics
In terms of products and services, The Goodwood Club Limited offers a range of high-quality amenities to its members
These include access to two championship golf courses, the famous Goodwood Racecourse, and a number of luxurious restaurants and bars
The club is led by key people such as Lord March, the current chairman, and Adam Waterworth, the managing director
Both are committed to maintaining the club's reputation for excellence and promoting sustainability practices
For those interested in becoming a member or learning more about The Goodwood Club Limited, their website address is www.goodwood.com
The registered office address is Goodwood House, Chichester, West Sussex, PO18 0PX, United Kingdom
In summary, The Goodwood Club Limited is a prestigious members club with a strong focus on sustainability
Offering a range of top-quality activities and services, led by dedicated individuals, the club is committed to providing an exceptional experience for its members while also promoting eco-friendly practices
Company Review
Trend Analysis
The average time taken for THE GOODWOOD CLUB LIMITED to pay invoices has remained relatively stable over the past three years, with a slight decrease from 41 days in 2019 to 39 days in 2023. However, there has been a trend of paying invoices earlier, with the percentage of invoices paid within 30 days increasing from 22% in 2019 to 33% in 2023. There has also been a decrease in the percentage of invoices paid later than 60 days, from 8% in 2019 to 6% in 2023.
Volatility Analysis
The volatility in the average time taken to pay invoices has been relatively low for THE GOODWOOD CLUB LIMITED, with only a 3-day difference between the highest and lowest averages. The percentage of invoices paid within 30 days has also remained relatively stable, with a maximum difference of 5% between periods. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a difference of 5% between the highest and lowest periods.
Summary Analysis
Overall, there has been a slight improvement in the payment practices of THE GOODWOOD CLUB LIMITED over the past three years. The company has been paying invoices earlier, with an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. However, there is still room for improvement, as 6-8% of invoices are still being paid after 60 days. The company has consistently maintained a standard payment period of 60 days throughout the three-year period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Goodwood will pay all invoices at the end of the month following the month of receipt of an undisputed invoice
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
60
Dispute Resolution Process
In the event of any dispute in respect of an invoice Goodwood may withhold such disputed sum under such invoice until the resolution of such dispute in accordance with Clause 25 of the Terms and Conditions. From T&Cs: DISPUTES 25.1 In the event of any dispute or difference which may arise between Goodwood and the Supplier in connection with or arising out of this Agreement, senior authorised representatives of the parties shall, within twenty (20) Business Days of a written request from either party to the other, meet in a good faith effort to resolve the dispute without recourse to legal proceedings. If the senior authorised representatives cannot reach agreement on the dispute within such twenty (20) Business Day period the matter shall be referred to the Chief Executive Officer or Managing Director of that part of the relevant party’s business which is responsible for performing the obligations of that party under this Agreement. 25.2 Neither party may initiate legal action until the above process has been completed unless either party has reasonable cause to do so to avoid damage to its business or to protect or preserve any right of action it may have. Nothing in this Clause shall be construed as prohibiting a party from applying to a court for interim injunctive relief. 25.3 Unless otherwise stated to the contrary in this Agreement, nothing in this Clause shall relieve either party from continuing to fulfil its obligations under this Agreement.
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?
No information available