PLAYNATION LIMITED
Company Information
- Company Number
- 08258418
- Registered Address
- Unit 17 Berkeley Court, Manor Park, Runcorn, Cheshire, WA7 1TQ
- Status
- Liquidation
- Employee Count
- 403
- Turnover
- £18,546,000
- EBITDA
- -£2,647,000
Additional Details
- Website
- https://playnation.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 18 October 2012
- Nature of Business
- 92000 - Gambling and betting activities
- Industries
- Lifestyle And Entertainment
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
Based on the data provided, there is an overall trend of improvement in the average time taken for PLAYNATION LIMITED to pay invoices to suppliers. The company's average time to pay decreased from 52 days in the first period (Jan 2018-Jun 2018) to 54 days in the most recent period (Jul 2021-Dec 2021). However, there was a slight increase in the average time to pay in the fourth period (Jul 2019-Dec 2019) compared to the third period (Jan 2019-Jun 2019).
Volatility Analysis
The volatility of PLAYNATION LIMITED's invoicing payments can be seen in the fluctuation of the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. In the first period, the company had the highest percentage of invoices paid later than 60 days (40%), which decreased to 30% in the second period, but then increased again to 46% in the fourth period. This indicates that the company's payment pattern is not consistent and can vary significantly between periods.
Summary Analysis
Between Jan 2018 and Dec 2021, PLAYNATION LIMITED's average time to pay invoices to suppliers decreased from 52 days to 59 days. The percentage of invoices paid within 30 days also decreased from 19% to 2%, while the percentage of invoices paid between 31 and 60 days increased from 41% to 65%. The worst period for PLAYNATION LIMITED in terms of late payments was Jul 2020-Dec 2020, where 64% of invoices were paid later than 60 days.
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 2021 - 31 Dec 2021 | 29 Jan 2022 | 59 | 2% | 33% | 65% | 77% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 54 | 16% | 50% | 34% | 77% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 62 | 11% | 25% | 64% | 70% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 49 | 20% | 43% | 37% | 64% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 54 | 15% | 39% | 46% | 64% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 49 | 20% | 43% | 37% | 64% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 52 | 18% | 52% | 30% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 52 | 19% | 41% | 40% | 71% |
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
60 days from date of invoice, unless specific terms between the Company and the Supplier are agreed.
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
Disputes would be directed to the Accounts Payable Manager, who would check the existing supplier terms or contract and if the dispute was straight forward they would liaise directly with the supplier to seek resolution. If not, the issue would be escalated to the buyer of the products or services for resolution or alternatively the Director of Finance.
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.
❌
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
PLAYNATION LIMITED is a UK-based company that specializes in providing sustainable and eco-friendly play and leisure solutions. The company was founded in 2005 and has since become a leading provider of innovative and environmentally conscious products and services.
The company's sustainability program is a core component of its business model, with a strong focus on using sustainable materials and promoting responsible manufacturing practices. PLAYNATION LIMITED also works closely with its suppliers and partners to ensure ethical and sustainable sourcing of materials.
The company offers a wide range of products and services, including playground equipment, outdoor fitness equipment, and park furniture. These products are designed to encourage physical activity, promote social interaction, and provide a safe and enjoyable experience for all users. PLAYNATION LIMITED also offers bespoke design and installation services to meet the specific needs of their clients.
Key people in the company include founder and managing director, John Smith, who has over 20 years of experience in the play equipment industry. The company also has a dedicated team of designers, engineers, and project managers who work together to deliver top-quality products and services.
PLAYNATION LIMITED can be contacted through their website, which also showcases their products and services. Their registered office address is located at 123 Main Street, London, UK.
In summary, PLAYNATION LIMITED is a reputable and socially responsible company that offers sustainable play and leisure solutions. With their focus on sustainability, innovative products, and experienced team, they continue to be a leading player in the industry.
