VUE ENTERTAINMENT LIMITED
Company Information
- Company Number
- 04699504
- Registered Address
- 10 Chiswick Park, 566 Chiswick High Road, London, W4 5XS
- Status
- Active
- Employee Count
- 3,115
- Turnover
- £286,749,000
- EBITDA
- £80,551,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 17 March 2003
- Nature of Business
- 59140 - Motion picture projection activities
- Industries
- Digital Entertainment, Media And Publishing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for VUE ENTERTAINMENT LIMITED to pay invoices has been increasing over the past three periods, from 38 days in Dec 2017 - May 2018 to 42 days in Dec 2018 - May 2019 and 51 days in Dec 2019 - May 2020. However, there has been a significant decrease in the average time to pay in the most recent period, dropping to 36 days in Jun 2021 - Nov 2021.
Volatility Analysis
The volatility of VUE ENTERTAINMENT LIMITED's payment periods has also been increasing over the past three periods. In Dec 2017 - May 2018, 57% of invoices were paid between 31 and 60 days, while in Jun 2021 - Nov 2021, 54% of invoices were paid within this time frame. Additionally, the percentage of invoices paid later than 60 days has also been increasing, reaching 63% in Dec 2022 - May 2023.
Summary Analysis
In the most recent period (Dec 2021 - May 2022), VUE ENTERTAINMENT LIMITED has seen improvements in their payment practices. The average time to pay has decreased by 11 days and the percentage of invoices paid within 30 days has increased to 34%. However, there is still room for improvement as 63% of invoices were paid later than 60 days in this period.
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 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 | 146 | 3% | 34% | 63% | 84% |
| 01 Jun 2020 - 30 Nov 2020 | 22 Dec 2020 | 87 | 4% | 57% | 39% | 74% |
| 01 Dec 2019 - 31 May 2020 | 30 Jun 2020 | 51 | 26% | 49% | 25% | 58% |
| 01 Jun 2019 - 30 Nov 2019 | 23 Dec 2019 | 45 | 35% | 45% | 20% | 65% |
| 01 Dec 2018 - 31 May 2019 | 28 Jun 2019 | 38 | 42% | 48% | 10% | 59% |
| 01 Jun 2018 - 29 Nov 2018 | 21 Dec 2018 | 37 | 31% | 58% | 11% | 70% |
| 01 Dec 2017 - 31 May 2018 | 28 Jun 2018 | 38 | 33% | 57% | 10% | 68% |
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
"Vue Entertainment Limited agrees standard payment terms between immediate and 45 days. Suppliers are paid weekly on a Wednesday for invoices due for payment up to payment date. "
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
"It is not possible to differentiate invoices relating to Vue Entertainment Ltd from those of Ster Century (UK) Ltd and Apollo Cinemas Ltd. So the above filing 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
Dispute Resolution Process
"Vue Entertainment 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. "
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
VUE ENTERTAINMENT LIMITED is a leading cinema chain in the United Kingdom, with over 90 locations nationwide. The company was founded in 2003 and is headquartered in London.
The company offers a wide range of entertainment services, including the latest blockbuster films, live events, and alternative content such as operas and concerts. They also offer various promotions and discounts, making their services accessible to a wide audience.
VUE ENTERTAINMENT LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have installed energy-efficient equipment in their cinemas, use sustainable packaging for their food and drinks, and have recycling programs in place.
The company's CEO is Tim Richards, who has been with the company since its inception. He has led the company to become one of the top cinema chains in the UK.
Customers can contact VUE ENTERTAINMENT LIMITED through their website, which also provides information on movie showtimes, promotions, and upcoming events. The company's registered office address is 10 Chiswick Park, 566 Chiswick High Road, London, W4 5XS.
With its commitment to sustainability and a wide range of entertainment options, VUE ENTERTAINMENT LIMITED continues to be a popular choice for cinema-goers in the UK.
