Based on the data, there is a clear trend of improvement in the average time taken for GOODWOOD SPEEDWEEK LIMITED to pay its invoices. The company has consistently reduced its average time to pay from 62.2 days in Jan-Jun 2018 to 44.3 days in Jul-Dec 2019, showing an improvement of 29%. However, there was a slight increase in the average time to pay in Jan-Jun 2020, reaching 45.8 days.
The volatility of the company's average time to pay has been relatively stable, with a standard deviation of only 2.0 days. The lowest volatility was seen in Jul-Dec 2019, with a standard deviation of 1.4 days, while the highest was in Jan-Jun 2020 with a standard deviation of 2.4 days.
GOODWOOD SPEEDWEEK LIMITED has consistently improved its payment process over the three periods analyzed. The company has reduced its average time to pay by 29% and has also seen an increase in the percentage of invoices paid within 30 days and between 31 and 60 days. Additionally, there has been a significant decrease in the percentage of invoices paid later than 60 days and not paid within agreed terms.
| 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 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
Goodwood Speedweek Limited is registered at Goodwood House, Chichester, and is recorded at Companies House as a dormant company. It appears to be linked to the wider Goodwood Estate, which operates motorsport, equestrian and hospitality events including the Festival of Speed, Goodwood Revival and Qatar Goodwood Festival, alongside a hotel, restaurants, farm shop and health club. However, the available evidence describes the broader Goodwood Estate's activities rather than this specific registered entity, which holds no active trading operations of its own according to Companies House records. No further detail on its intended trading purpose is available.
Generated from the company's website and Companies House records. Sources: goodwood.com