ASCENTIAL EVENTS (EUROPE) LIMITED

PaymentCheck Score 2021
84Good
41.3vs last year
#1528 in UK
#709 in London

Company Information

Company Number
07814172
Registered Address
33 Kingsway, London, United Kingdom, WC2B 6UF
Status
Active
Employee Count
289
Turnover
£115,265,000
EBITDA
£27,135,000

Additional Details

Company Type
Private limited Company
Incorporated On
18 October 2011
Nature of Business
73120 - Media representation services
82301 - Activities of exhibition and fair organisers
Industries
Coming Soon
Region
London

Time to Pay

Average Time to Pay
21 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
85%
31-60 Days
7%
After 60 Days
8%
Not Paid Within Terms36%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2021-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202129 Jul 20212185%7%8%36%
01 Jan 2020 - 30 Jun 202004 Aug 2020240%65%35%53%
01 Jul 2019 - 31 Dec 201931 Jan 20202086%13%1%35%
01 Jul 2018 - 31 Dec 201810 Jun 20191986%14%0%40%
01 Jan 2018 - 30 Jun 201831 Jul 20181792%8%0%41%

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

Standard Payment terms, as provided in our Terms & Conditions are 60 days from invoice date. Maximum Terms are 60 days. Standard payment Terms & Conditions have been amended for new agreements. There have been no blanket change to existing supplier payment terms during the reporting period.

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

Dispute Resolution Process

The Purchase Order requests Suppliers send invoices to a dedicated mailbox. When sent the supplier receives an auto email advising Processing times\Processing requirement\AP contacts\3 Tier Escalation contact route if required. For incorrectly prepared invoices suppliers are sent a rejection email within 48 hours of receipt advising the information required to resubmit for payment.

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.

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

Company Summary

ASCENTIAL EVENTS (EUROPE) LIMITED is a leading event management company based in the United Kingdom. The company specializes in organizing and managing trade shows, conferences, and exhibitions for a wide range of industries, including fashion, beauty, and retail.

Through its sustainability program, ASCENTIAL EVENTS (EUROPE) LIMITED is committed to reducing its environmental impact and promoting sustainable practices within the events industry. The company has implemented measures such as using eco-friendly materials for event signage and reducing waste through recycling and composting.

The company offers a range of products and services to its clients, including event planning, marketing and promotion, venue sourcing, and logistics management. ASCENTIAL EVENTS (EUROPE) LIMITED also provides digital solutions, such as virtual events and online exhibitions, to cater to the changing needs of its clients in the current digital age.

The key people behind ASCENTIAL EVENTS (EUROPE) LIMITED include CEO Duncan Painter, who has over 20 years of experience in the events industry, and CFO Stephen Martindale, who has been with the company since its inception. The company also has a team of experienced event planners, marketers, and logistics experts.

For more information on ASCENTIAL EVENTS (EUROPE) LIMITED and its services, interested parties can visit their website at www.ascentialevents.com. The company's registered office address is located at The Prow, 1 Wilder Walk, London W1B 5AP, United Kingdom. Overall, ASCENTIAL EVENTS (EUROPE) LIMITED is a reputable and sustainable event management company, dedicated to providing high-quality services to its clients while minimizing its environmental impact.

Financial Metrics

Cash
£4,147,406
Net Worth
-£37,203,390
Total Current Assets
£171,944,016
Total Current Liabilities
£106,087,998

Company Location