GAMESTEC LEISURE LIMITED
Company Information
- Company Number
- 05348584
- Registered Address
- First Floor, 107 Station Street, Burton-On-Trent, Staffordshire, England, DE14 1SZ
- Status
- Liquidation
- Employee Count
- 632
- Turnover
- £43,142,000
- EBITDA
- £6,456,000
Additional Details
- Website
- https://gamestec.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 1 February 2005
- Nature of Business
- 77390 - Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified
- Industries
- Supply Chain, Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
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 2019 - 31 Dec 2019 | 31 Jan 2020 | 51 | 32% | 33% | 35% | 56% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 37 | 58% | 16% | 26% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 46 | 41% | 26% | 33% | 50% |
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
60 days from date of invoice, unless different terms are specifically agreed between the Company and the Supplier. It is normal for agreed terms to be set. We do BACS payment runs every two weeks.
Were there any changes to the standard payment terms in the reporting period?
In light of the global Covid pandemic, the company had almost all it's revenue streams ceased overnight on 22nd March. Following this, agreed payment plans were renegotiated with a number of suppliers which the Company has adhered to fully. These amounts though, in line with the reporting guidelines and following advice from the Payment Practice Reporting Group were still showed as paid late, hence the increase in the % of invoices paid late.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
Disputes are directed to the Accounts Payable Manager who would check any existing supplier terms/contracts. If the Company have set terms incorrectly, a Supplier amendment form is prepared and reviewed and signed off by the Financial Controller. If no contract or paperwork exists or if it's ambiguous, the Financial Controller will escalate it to the appropriate Director responsible for the supply and seek a satisfactory resolution that way.
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.
❌
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
GAMESTEC LEISURE LIMITED is a UK-based company that specializes in providing entertainment and gaming products and services. The company was founded in 1990 and is headquartered in Milton Keynes, Buckinghamshire.
Their main focus is on the design, development, and distribution of gaming machines, as well as the management and operation of amusement arcades and family entertainment centers. They also offer a range of services such as consulting, installation, and maintenance of gaming systems.
As a company, GAMESTEC LEISURE LIMITED is committed to sustainability and has implemented various initiatives to reduce their carbon footprint and promote environmental responsibility. They have invested in energy-efficient technologies and have implemented recycling programs in their operations.
The company's key people include managing director David Frost and operations director Simon McCarthy, who have a combined experience of over 40 years in the gaming industry. They are supported by a team of dedicated professionals who are committed to delivering high-quality products and services to their customers.
Customers can contact GAMESTEC LEISURE LIMITED through their website, which provides information about their products, services, and contact details. The registered office address is Unit 2, Bilton Road, Denbigh East, Bletchley, Milton Keynes, MK1 1HW.
In summary, GAMESTEC LEISURE LIMITED is a well-established company in the UK that offers a wide range of entertainment and gaming products and services. Their commitment to sustainability and experienced team make them a reliable choice for customers looking for high-quality gaming solutions.
