ETC VENUES GROUP LIMITED
Company Information
- Company Number
- 05757544
- Registered Address
- 25 Farringdon Street, London, EC4A 4AB
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£4,000
Additional Details
- Website
- https://etcvenues.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 27 March 2006
- Nature of Business
- 68202 - Letting and operating of conference and exhibition centres
- Industries
- Property
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
Between Jul 2017 and Dec 2017, ETC VENUES GROUP LIMITED had an average time to pay of 41 days. This decreased to 39 days between Jul 2018 and Dec 2018, showing an improvement in their payment time. However, this increased to 37 days between Jul 2022 and Dec 2022, indicating a slight decline in their payment efficiency.
Volatility Analysis
There was a slight increase in the percentage of invoices paid within 30 days, from 8% to 25%, between Jul 2017 and Dec 2022. The percentage of invoices paid between 31 and 60 days decreased from 87% to 69%, showing a significant improvement in timely payments. However, there was a slight increase in the percentage of invoices paid later than 60 days, from 5% to 6%, between Jul 2017 and Dec 2022.
Summary Analysis
Between Jul 2017 and Dec 2022, ETC VENUES GROUP LIMITED showed an improvement in their payment efficiency, with a decrease in their average time to pay from 41 days to 37 days. The percentage of invoices paid within 30 days also showed an improvement, increasing from 8% to 25%. However, there was a slight increase in the percentage of invoices paid later than 60 days, from 5% to 6%, indicating a potential area for improvement.
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 | 17 Jan 2023 | 37 | 25% | 69% | 6% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 39 | 20% | 76% | 4% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 41 | 14% | 79% | 6% | 20% |
| 01 Jul 2017 - 31 Dec 2017 | 22 Jan 2018 | 41 | 8% | 87% | 5% | 25% |
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
Payment within 45 days of invoice date (provided physical receipt is not delayed)
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 originator of the purchase order is initially responsible for resolving a dispute via phone call / email. Unresolved disputes are escalated up the managerial chain as required.
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.
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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
ETC VENUES GROUP LIMITED is a leading provider of conference and event spaces in the United Kingdom. With over 25 years of experience, the company has established itself as a trusted and reliable partner for businesses and organizations in need of meeting and event facilities.
The company offers a wide range of venues, from small meeting rooms to large conference spaces, equipped with state-of-the-art technology and amenities. Their venues are located in convenient and central locations across major cities in the UK, making it easy for clients to access.
ETC VENUES GROUP LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using energy-efficient lighting and equipment, sourcing locally produced food and beverages, and promoting recycling and waste reduction in their venues.
The company's key people include CEO Alastair Stewart, who has been with the company since 2014 and has over 20 years of experience in the hospitality industry. The company also has a team of experienced event planning and management professionals who ensure that clients' needs are met and events run smoothly.
For more information on their venues, services, and sustainability efforts, interested parties can visit their website at www.etcvenues.co.uk. The company's registered office address is 86 Fetter Lane, London, EC4A 1EN, United Kingdom. ETC VENUES GROUP LIMITED continues to be a top choice for businesses and organizations looking for high-quality and sustainable event spaces in the UK.
