There is a clear trend of an increasing average time to pay for ETC VENUES ESOP TRUSTEE LIMITED, with a significant jump from 37 days in the first half of 2022 to an alarming 69 days in the second half of 2022.
The company's payment pattern is also becoming more volatile, with an increase in the percentage of invoices paid later than 60 days and a decrease in the percentage of invoices paid within 30 days.
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 37 | 25% | 69% | 6% | 11% |
| 01 Jun 2022 - 30 Jun 2022 | 20 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 09 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 22 Oct 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
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.
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
ETC VENUES ESOP TRUSTEE LIMITED is a company that specializes in providing a range of services and products for its clients, with a focus on sustainability. The company offers a variety of venues for events and conferences, as well as catering services and event management.
One of the key aspects of ETC VENUES ESOP TRUSTEE LIMITED is its commitment to sustainability. The company has implemented various initiatives to reduce its environmental impact, such as using renewable energy sources, implementing waste reduction strategies, and promoting sustainable practices within its supply chain.
At the helm of the company is a team of experienced and dedicated individuals, including managing director David Pollock and finance director Michelle Grant. Their expertise and leadership have helped ETC VENUES ESOP TRUSTEE LIMITED become a leading player in the event management industry.
The company also has a strong online presence, with a comprehensive website that showcases its services and venues. The website also provides contact information for those interested in booking events or learning more about the sustainability efforts of the company.
ETC VENUES ESOP TRUSTEE LIMITED is headquartered in London, and its registered office address is at 8 Eastcheap, London, EC3M 1AE. The company is committed to providing top-notch services while also prioritizing sustainability, making it a popular choice for events and conferences in the UK.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/05803412" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>