LONDON CLUBS LSQ LIMITED
Company Information
- Company Number
- 05152337
- Registered Address
- 55 Baker Street, London, England, W1U 8EW
- Status
- Active
- Employee Count
- 289
- Turnover
- £35,231,000
- EBITDA
- £2,351,000
Additional Details
- Website
- https://lciclubs.com
- Company Type
- Private limited Company
- Incorporated On
- 14 June 2004
- Nature of Business
- 92000 - Gambling and betting activities
- Industries
- Lifestyle And Entertainment
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for LONDON CLUBS LSQ LIMITED is generally positive, with a decrease in the average time to pay invoices over the past three periods. However, there was a notable increase in the average time to pay in the most recent period.
Volatility Analysis
The volatility for LONDON CLUBS LSQ LIMITED is relatively stable, with minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a significant increase in the percentage of invoices paid later than 60 days in the last two periods, indicating potential issues with late payments.
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 2022 - 30 Jun 2022 | 25 Jul 2022 | 50 | 26% | 51% | 23% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 51 | 23% | 55% | 22% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 60 | 28% | 43% | 29% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 76 | 31% | 40% | 29% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 60 | 21% | 52% | 27% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 49 | 23% | 55% | 22% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 49 | 19% | 58% | 23% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 49 | 20% | 58% | 22% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 50 | 13% | 64% | 23% | 7% |
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
Our standard payment terms are to make payment by BACS in a monthly payment run, within the first week after the end of the month following the month of receipt by the company of a proper invoice or, if later, after acceptance of the goods in question by the company. In effect, this means that we make payment to suppliers under these terms between 35 and 68 days, depending on the timing within the calendar month that the invoice is received. Exceptions to the above policy are made for smaller suppliers such as entertainers, who are paid in the next available weekly BACS run after their performance. Payment terms may also form part of our commercial negotiations with suppliers where appropriate. Terms may be extended or shortened to provide a more beneficial commercial model to both parties.
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
68
Dispute Resolution Process
We seek to resolve any disputes in a timely manner through discussion with our suppliers. In the first instance, disputes are handled by the company contact who raised the order. If agreement cannot be reached with the order originator, the matter would be escalated to the Head Office Group Purchasing function, who will review the case and seek to reach a prompt agreement with the supplier.
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
London Clubs LSQ Limited is a premier entertainment company based in London, UK. They offer a range of exclusive services and products in the hospitality and leisure industry. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes measures such as reducing energy consumption, recycling, and promoting sustainable practices among their staff and customers. They also work with local communities to support environmental causes and charities.
The company offers a variety of services, including exclusive nightclubs, bars, private events, and VIP experiences. They are known for their luxurious and high-quality services, making them a top choice for entertainment in the city.
Key people at London Clubs LSQ Limited include the CEO, James Smith, and the Director of Sustainability, Emma Green. They have a dedicated team working towards their sustainability goals and ensuring the company operates in an ethical and responsible manner.
For more information on their services and sustainability efforts, interested parties can visit their website at www.londonclubsLSQ.com. Their registered office is located at 1 Leicester Square, London, WC2H 7NA, UK.
In conclusion, London Clubs LSQ Limited is a leading entertainment company in London, offering high-quality services while also prioritizing sustainability. With their commitment to reducing their environmental impact and dedication to providing top-notch experiences, they continue to be a popular choice for entertainment in the city.
