HIPPODROME CASINO LIMITED
Company Details
Registration Number
05497987
Registered Address
Hippodrome Casino Cranbourn Street Leicester Square London WC2H 7JH
Company Status
Active
Employee Count
659
Turnover
£111,332,000
EBITDA
£18,491,000
Additional Information
Website
www.hippodromecasino.com/Company Type
Private limited Company
Incorporated on
4 July 2005
Nature of Business (SIC)
92000 - Gambling and betting activities
Industries
Betting and gambling, Music venues, galleries, theatres and museums, Nightclubs and bars, Restaurants, pubs, cafes and takeaways, Venue hire
Region
LondonCompany Location
Financial Overview
£34,167,279
£16,648,664
Last Reporting Period
Filed
06 Jun 2023
Period
01 Jul 2022 - 31 Dec 2022
Payment Timing
Average Time to Pay
38 days
Payment Periods
Shortest
14 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
5%
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 2022 - 31 Dec 2022 | 06 Jun 2023 | 38 | 23% | 76% | 1% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Jan 2023 | 39 | 19% | 78% | 3% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Oct 2021 | 40 | 20% | 78% | 2% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 27 May 2021 | 41 | 17% | 78% | 5% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Sep 2020 | 41 | 21% | 76% | 4% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 40 | 22% | 74% | 3% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 41 | 21% | 76% | 3% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 38 | 31% | 66% | 2% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 07 Aug 2018 | 35 | 37% | 62% | 1% | 3% |
Company Summary
HIPPODROME CASINO LIMITED is a leading casino and entertainment venue located in the heart of London, UK
The company offers a range of exciting activities, including casino games, live performances, and dining options
The company is committed to sustainability and has implemented various measures to reduce its environmental impact
This includes recycling and reducing energy consumption within the casino
They also work with local suppliers to source sustainable and ethical products
HIPPODROME CASINO LIMITED offers a wide range of products and services, including table games, slot machines, and poker tournaments
They also have a variety of dining options, from casual to fine dining, as well as bars and lounges for guests to relax and enjoy
The key people at HIPPODROME CASINO LIMITED include CEO Simon Thomas, who has over 30 years of experience in the gaming industry, and COO George Constantinou, who has a wealth of experience in the hospitality sector
For more information on their services and sustainability program, interested individuals can visit their website at www.hippodromecasino.com
The registered office address for HIPPODROME CASINO LIMITED is Cranbourn Street, Leicester Square, London WC2H 7JH, United Kingdom
In conclusion, HIPPODROME CASINO LIMITED offers a unique and sustainable entertainment experience with a variety of activities, high-quality products, and a commitment to reducing their environmental impact
With a team of experienced leaders, they continue to be a top choice for entertainment in London
Company Review
Trend Analysis
The average time taken for HIPPODROME CASINO LIMITED to pay invoices has increased steadily over the past three periods, from 35 days in 2018-01-01 to 41 days in 2020-07-01. This suggests that the company may be experiencing financial difficulties or inefficiencies in their payment processes.
Volatility Analysis
The volatility of HIPPODROME CASINO LIMITED's invoice payment time has been relatively stable, with only a 3-day difference between the shortest and longest standard payment period.
Summary Analysis
Over the past three periods, HIPPODROME CASINO LIMITED has seen a decrease in the percentage of invoices paid within 30 days, from 37% in 2018-01-01 to 20% in 2021-01-01. This suggests that the company may be facing financial challenges or delays in their payment processes.
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 30 days end of month. For some artist contracts we may agree shorter payment terms Were there any changes to the standard payment terms in the reporting period? During the pandenic we reached out to our supplier and agreed extended terms with many of them on an ad hoc basis
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
The majority of purchases are supported by purchase orders. The purchase order will provide the details of the budget holder responsible for the purchase, who would be the first point of contact for any dispute. The purchase order will also include our payment terms. Where the dispute remains unresolved the supplier can escalate the query to the finance office who will seek to resolve the dispute.
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?
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