ENTERTAINMENT MAGPIE LIMITED
Company Information
- Company Number
- 06277562
- Employee Count
- 569.0
- Turnover
- 110067000.0
- EBITDA
- 6166000.0
Additional Details
- Industries
- Creative,Media And Publishing
- Region
- North West
Financial Metrics
Time to Pay
Payment Timeline
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 Jun 2023 - 30 Nov 2023 | 31 Jan 2024 | 4 | 97% | 2% | 1% | 12% |
| 01 Dec 2022 - 31 May 2023 | 31 Jan 2024 | 4 | 97% | 2% | 1% | 17% |
| 01 Jun 2022 - 30 Nov 2022 | 28 Feb 2023 | 4 | 97% | 2% | 1% | 14% |
| 01 Dec 2021 - 31 May 2022 | 21 Sept 2022 | 3 | 98% | 2% | 0% | 14% |
| 01 Jun 2021 - 30 Nov 2021 | 21 Feb 2022 | 3 | 97% | 2% | 1% | 11% |
| 01 Dec 2020 - 31 May 2021 | 12 Oct 2021 | 3 | 98% | 2% | 0% | 11% |
| 01 Jun 2020 - 30 Nov 2020 | 24 Dec 2020 | 3 | 98% | 2% | 0% | 11% |
| 01 Dec 2019 - 31 May 2020 | 30 Jun 2020 | 3 | 97% | 2% | 1% | 12% |
| 01 Jun 2019 - 30 Nov 2019 | 23 Dec 2019 | 3 | 97% | 2% | 1% | 12% |
| 01 Dec 2018 - 31 May 2019 | 26 Jun 2019 | 3 | 98% | 1% | 1% | 15% |
| 01 Jun 2018 - 30 Nov 2018 | 21 Dec 2018 | 4 | 96% | 3% | 1% | 15% |
| 01 Dec 2017 - 31 May 2018 | 29 Jun 2018 | 5 | 94% | 5% | 1% | 20% |
| 01 Jun 2017 - 30 Nov 2017 | 06 Dec 2017 | 5 | 94% | 5% | 2% | 17% |
Company Summary
Entertainment Magpie Limited is a UK-based company that specializes in buying and selling second-hand entertainment products
Founded in 2007, the company has grown to become one of the leading providers of pre-owned DVDs, CDs, games, and books
The company's sustainability program focuses on reducing waste and promoting recycling
They achieve this by encouraging customers to trade in their unwanted items for cash or store credit, which are then refurbished and resold
This not only helps to reduce the amount of waste going into landfills but also provides affordable entertainment options for customers
Entertainment Magpie Limited offers a wide range of products, including DVDs, CDs, games, and books, at affordable prices
They also have a selection of brand new products, including the latest releases in music, movies, and games
The company also offers a buyback service, where customers can sell their unwanted items for cash or store credit
The key people at Entertainment Magpie Limited include CEO and co-founder Steve Oliver, COO and co-founder Walter Gleeson, and CFO Ed Parkinson
The company's registered office address is Unit 2, The Western Gateway, 23-25, Belmore Way, Fairfield Industrial Park, Louth, Lincolnshire, LN11 0LQ
Customers can contact Entertainment Magpie Limited through their website, www.entertainmentmagpie.co.uk, or by phone at 0333 300 1000
The company also has a strong presence on social media, with active accounts on Facebook, Twitter, and Instagram
Overall, Entertainment Magpie Limited is a sustainable and customer-focused company, providing affordable entertainment options while also promoting environmental responsibility
Company Review
Trend Analysis
The data shows that the average time taken for ENTERTAINMENT MAGPIE LIMITED to pay invoices has consistently decreased over the past three periods, from 5 days in 2017-2018 to 3 days in 2021-2022. This reflects an improvement in the company's efficiency in paying invoices on time.
Volatility Analysis
The data also suggests that the company's payment practices have become more stable over time, with a decrease in the percentage of invoices paid later than 60 days and not within agreed terms. This indicates that ENTERTAINMENT MAGPIE LIMITED has become more reliable in paying invoices on time.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company's standard payment period is the contractual payment period set out in the supply contract. These vary between contracts and are typically as follows: For goods purchased from consumer suppliers payments are made the same working day for goods received on monday to friday before 2pm. If goods are received after 2pm, the supplier is paid the next working day. For goods purchased from other suppliers payment is made within 30 days following the end of the month of the invoice date.
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
90
Dispute Resolution Process
If a supplier should for any reason have any complaints they can contact the relevant department dealing with their order or customer.complaints@musicmagpie.co.uk. All complaints correspondence is dealt with via email or letter and the company will acknowledge and respond to the initial complaint within two working days. If a supplier is not satisfied with the response they can appeal against this. The company will respond to all appeals within three working days and issue final response.
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?
No information available