GAME RETAIL LIMITED
Company Information
- Company Number
- 07837246
- Registered Address
- Unity House, Telford Road, Basingstoke, Hampshire, RG21 6YJ
- Status
- Active
- Employee Count
- 1,923
- Turnover
- £222,563,000
- EBITDA
- -£2,375,000
Additional Details
- Website
- https://game.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 7 November 2011
- Nature of Business
- 47540 - Retail sale of electrical household appliances in specialised stores
- Industries
- Commerce Models, Digital Entertainment, Hardware, Lifestyle And Entertainment, Media And Publishing
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for GAME RETAIL LIMITED to pay invoices has been increasing over the past three periods, going from 30 days in the first period to 35 days in the most recent period. However, there was a slight decrease in the fifth period, where the average time to pay was 27 days.
Volatility Analysis
The volatility of the average time to pay for GAME RETAIL LIMITED has been relatively low over the past three periods, with the largest change being a decrease of 3 days in the fifth period.
Summary Analysis
Overall, there has been a slight increase in the average time for GAME RETAIL LIMITED to pay invoices over the past three periods. However, there was a decrease in the fifth period. The percentage of invoices paid within 30 days has also slightly decreased, with a slight increase in the sixth period. The percentage of invoices paid later than 60 days has been fluctuating, with a high in the sixth period.
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 |
|---|---|---|---|---|---|---|
| 25 Apr 2022 - 22 Oct 2022 | 05 Apr 2023 | |||||
| 25 Oct 2021 - 24 Apr 2022 | 25 Apr 2022 | |||||
| 25 Apr 2021 - 24 Oct 2021 | 25 Apr 2022 | |||||
| 25 Oct 2020 - 24 Apr 2021 | 08 Jun 2021 | 35 | 50% | 36% | 14% | 18% |
| 26 Apr 2020 - 25 Oct 2020 | 24 Nov 2020 | 33 | 51% | 39% | 10% | 26% |
| 28 Jul 2019 - 25 Apr 2020 | 09 Jun 2020 | 32 | 54% | 31% | 15% | 34% |
| 28 Jul 2019 - 25 Jan 2020 | 25 Feb 2020 | 31 | 61% | 30% | 9% | 14% |
| 27 Jan 2019 - 28 Jul 2019 | 27 Aug 2019 | 27 | 65% | 28% | 7% | 12% |
| 29 Jul 2018 - 26 Jan 2019 | 26 Feb 2019 | 30 | 61% | 30% | 9% | 21% |
| 28 Jan 2018 - 28 Jul 2018 | 28 Aug 2018 | 30 | 62% | 31% | 7% | 20% |
| 30 Jul 2017 - 27 Jan 2018 | 28 Feb 2018 | 30 | 62% | 30% | 8% | 26% |
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
Goods for resale - 30 days Goods not for resale - 30 days Rent 1-7 days This is with the exception, that some suppliers are on extended terms (60 days)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Due to our inability to date track documents in to our business, we have had to use the supplier document date, as the basis for our statistics. This will go some way towards explaining the percentage of late payments. There are a large number of suppliers who are paid on a sell through basis, with payment terms of 7 days - leaving little time to turnaround queries, or issue payments when invoice submission is late. The data for this reporting period includes a number of weeks across the national lockdown where extended terms were negotiated with suppliers
Maximum contractual payment period agreed
90
Dispute Resolution Process
GAME Retail Ltd values strong collaborative relationships across our supplier base, and we place high importance on ensuring queries are resolved in a timely manner. In the first instance vendors will raise a dispute with the Accounts Payable team. If the GAME/ supplier transactional teams are unable to resolve the query with the information provided it will then be escalated to the relevant Commercial contacts in both businesses for review.
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
GAME RETAIL LIMITED is a leading video game retailer in the United Kingdom, offering a wide range of products and services to gamers. The company was founded in 1991 and is headquartered in Basingstoke, Hampshire.
The company's main focus is on providing the latest video games, consoles, and accessories to its customers. It has a strong presence in both physical stores and online, with over 500 stores nationwide and a user-friendly website for easy online shopping.
GAME RETAIL LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include recycling programs for packaging materials, energy-efficient lighting in stores, and encouraging customers to trade in their old games and consoles for store credit. The company also aims to reduce its carbon footprint by using eco-friendly packaging and working with suppliers who have sustainable practices.
The company's extensive range of products includes the latest releases, classic games, and pre-owned items at competitive prices. It also offers various services such as pre-ordering, trade-ins, and repairs.
The key people at GAME RETAIL LIMITED include Martyn Gibbs, the CEO, and Tim Worby, the CFO. They lead a team of dedicated and knowledgeable staff who are passionate about gaming and providing excellent customer service.
For any inquiries or assistance, customers can contact GAME RETAIL LIMITED through their website or by visiting one of their stores. The company's registered office address is Unity House, Telford Road, Basingstoke, Hampshire, RG21 6YJ.
In conclusion, GAME RETAIL LIMITED is a reputable and sustainable video game retailer in the UK that offers a wide range of products and services to its customers. With a commitment to sustainability and a team of dedicated individuals, the company continues to thrive in the competitive gaming industry.
