GOODWOOD EVENTS COMPANY LIMITED
Company Information
- Company Number
- 06994045
- Registered Address
- Goodwood House, Goodwood, Chichester, England, PO18 0PX
- Status
- Active
- Employee Count
- 2.0
- Turnover
- 0.0
- EBITDA
- 0.0
Additional Details
- Website
- https://goodwood.com
- Company Type
- Private limited Company
- Incorporated On
- 19 August 2009
- Nature of Business
- 93290 - Other amusement and recreation activities not elsewhere classified
- Industries
- 0
- Region
- South East
Company Location
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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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 35 | 43% | 57% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 27 | 82% | 18% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 31 | 65% | 31% | 4% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 31 | 55% | 40% | 5% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 37 | 43% | 46% | 11% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 30 | 40% | 60% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 42 | 18% | 64% | 18% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 36 | 56% | 19% | 25% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 35 | 50% | 36% | 14% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 30 | 54% | 43% | 3% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 50 | 27% | 40% | 33% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 43 | 39% | 39% | 22% | 22% |
Company Summary
GOODWOOD EVENTS COMPANY LIMITED is a UK-based company that specializes in organizing and hosting various events such as sporting events, festivals, and corporate functions
The company is committed to sustainability and has implemented various programs to reduce their environmental impact
Their sustainability program includes using renewable energy sources, reducing waste and carbon footprint, and supporting local communities
They also offer eco-friendly options for their clients, such as reusable cups and recycling facilities
The company offers a wide range of products and services, including event planning, venue hire, catering, and entertainment
They have a team of experienced professionals who work closely with their clients to create unique and memorable events
The key people behind GOODWOOD EVENTS COMPANY LIMITED are the owner, Lord March, and his family
They have a passion for creating exceptional events and have been involved in the business for over 25 years
The company's website address is www.goodwood.com/events and their registered office address is Goodwood House, Chichester, West Sussex, PO18 0PX
Customers can contact them through their website or by phone at +44 (0) 1243 755055
In summary, GOODWOOD EVENTS COMPANY LIMITED is a reputable and sustainable event management company, offering a wide range of services and products
With a dedicated team and a commitment to sustainability, they continue to deliver successful and memorable events for their clients
Company Review
Trend Analysis
The time taken for GOODWOOD EVENTS COMPANY LIMITED to pay invoices has fluctuated over the past three periods. In the first period (2018-2020), the average time to pay increased from 43 days to 50 days, with a significant increase in the percentage of invoices paid later than 60 days (from 22% to 33%). However, in the second period (2020-2022), the average time to pay decreased to 31 days and there was a noticeable decrease in the percentage of invoices paid later than 60 days (from 25% to 4%). In the most recent period (2022-2023), the average time to pay remained stable at 31 days, with a slight increase in the percentage of invoices paid within 30 days (from 55% to 82%). Overall, there has been a slight improvement in the company's payment performance over the past three periods.
Volatility Analysis
In terms of volatility, the percentage of invoices paid within 30 days has remained fairly stable over the past three periods, with a slight increase in the most recent period. However, there has been significant volatility in the percentage of invoices paid between 31 and 60 days, with a decrease in the second period followed by an increase in the third period. The most notable change in volatility is seen in the percentage of invoices paid later than 60 days, with a significant decrease in the second period followed by a slight increase in the third period.
Summary Analysis
Over the past three periods, GOODWOOD EVENTS COMPANY LIMITED has shown a slight improvement in their payment performance, with a decrease in the average time to pay and a decrease in the percentage of invoices paid later than 60 days. However, there has been some volatility in their payment performance, particularly in the percentage of invoices paid between 31 and 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Goodwood will pay all invoices at the end of the month following the month of receipt of an undisputed invoice
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
In the event of any dispute in respect of an invoice Goodwood may withhold such disputed sum under such invoice until the resolution of such dispute in accordance with Clause 25 of the Terms and Conditions. From T&Cs: DISPUTES 25.1 In the event of any dispute or difference which may arise between Goodwood and the Supplier in connection with or arising out of this Agreement, senior authorised representatives of the parties shall, within twenty (20) Business Days of a written request from either party to the other, meet in a good faith effort to resolve the dispute without recourse to legal proceedings. If the senior authorised representatives cannot reach agreement on the dispute within such twenty (20) Business Day period the matter shall be referred to the Chief Executive Officer or Managing Director of that part of the relevant party’s business which is responsible for performing the obligations of that party under this Agreement. 25.2 Neither party may initiate legal action until the above process has been completed unless either party has reasonable cause to do so to avoid damage to its business or to protect or preserve any right of action it may have. Nothing in this Clause shall be construed as prohibiting a party from applying to a court for interim injunctive relief. 25.3 Unless otherwise stated to the contrary in this Agreement, nothing in this Clause shall relieve either party from continuing to fulfil its obligations under this Agreement.
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
