NIMAX THEATRES LIMITED
Company Information
- Company Number
- 05493237
- Registered Address
- 11 Maiden Lane, London, WC2E 7NA
- Status
- Active
- Employee Count
- 381
- Turnover
- £31,943,000
- EBITDA
- £9,271,000
Additional Details
- Website
- https://palacetheatre.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 28 June 2005
- Nature of Business
- 90030 - Artistic creation
- Industries
- Creative,Media And Publishing,Lifestyle And Entertainment
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 |
|---|---|---|---|---|---|---|
| 31 Mar 2025 - 28 Sept 2025 | 17 Oct 2025 | 24 | 75% | 25% | 0% | 25% |
| 30 Sept 2024 - 30 Mar 2025 | 25 Apr 2025 | 26 | 70% | 30% | 0% | 30% |
| 02 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 24 | 75% | 25% | 0% | 25% |
| 03 Apr 2023 - 01 Oct 2023 | 25 Oct 2023 | 28 | 53% | 47% | 0% | 47% |
| 03 Oct 2022 - 02 Apr 2023 | 04 May 2023 | 27 | 59% | 40% | 1% | 41% |
| 04 Apr 2022 - 02 Oct 2022 | 21 Oct 2022 | 21 | 60% | 39% | 1% | 40% |
| 29 Mar 2021 - 03 Oct 2021 | 04 Nov 2021 | 25 | 76% | 23% | 1% | 24% |
| 28 Sept 2020 - 28 Mar 2021 | 12 May 2021 | 23 | 70% | 29% | 1% | 30% |
| 01 Apr 2019 - 29 Sept 2019 | 24 Oct 2019 | 19 | 97% | 3% | 0% | 3% |
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
Standard terms adopted are as per suppliers, being 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Factors such as late receipt of supplier invoices, chasing invoices not received from suppliers, the time taken to check invoice details and resolution of queries by the supplier are the main causes of payments falling outside of the standard terms. However 3% of the invoices were paid on day 31.
Maximum contractual payment period agreed
30
Dispute Resolution Process
All invoices are checked to ensure that the service or product has been fulfilled or received and that it was correctly charged. All supplier statements are checked and invoices not received are followed up with the relevant Nimax person (responsible to the procurement) and then with the supplier for copy invoices. Any disputed or queried invoices are referred back to the relevant person within Nimax to resolve with the supplier. The relevant Nimax person may give advance instruction to hold over invoices still to be received, pending resolution of service performance or receipt of goods.
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?
❌
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
NIMAX THEATRES LIMITED is a prominent theatre company based in the United Kingdom. They operate six West End theatres, including the Palace, Lyric, Apollo, Garrick, Vaudeville, and Duchess theatres. The company was founded in 2005 and has since established itself as a leading producer of high-quality theatre productions.
NIMAX THEATRES LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using energy-efficient lighting and implementing recycling programs in all their theatres. They also support local and national charities and have partnered with various organizations to promote sustainability in the theatre industry.
Their main product is live theatre productions, ranging from classic plays to modern musicals. They also offer group bookings, corporate packages, and gift vouchers. Their theatres are equipped with state-of-the-art technology and facilities to ensure a comfortable and unforgettable experience for their audiences.
Key people at NIMAX THEATRES LIMITED include Chief Executive Officer Nica Burns and Chairman Max Weitzenhoffer. They have a team of dedicated professionals working behind the scenes to bring their productions to life.
For more information on NIMAX THEATRES LIMITED and their upcoming shows, you can visit their website at www.nimaxtheatres.com. Their registered office address is NIMAX THEATRES LIMITED, 1 Lumley Court, 37 Castle Street, London, W1G 0RD.
