The average time taken for ETC VENUES PARENT HOLDINGS LTD to pay invoices has fluctuated between 37 and 41 days over the past three periods. The percentage of invoices paid within 30 days has increased from 8% to 25%, while the percentage of invoices paid between 31 and 60 days has decreased from 87% to 69%. The percentage of invoices paid later than 60 days has also decreased from 5% to 6%. These changes indicate a trend towards earlier payment of invoices.
The most volatile aspect of ETC VENUES PARENT HOLDINGS LTD's payment behavior is the percentage of invoices paid within 30 days, which has fluctuated from 8% to 25% over the past three periods. The other percentages have remained relatively stable, with the percentage of invoices paid between 31 and 60 days fluctuating between 69% and 87%, and the percentage of invoices paid later than 60 days fluctuating between 4% and 6%.
In the past three periods, ETC VENUES PARENT HOLDINGS LTD has shown a trend towards earlier payment of invoices. The average time taken to pay invoices has remained relatively stable at 37-41 days, but there has been an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31 and 60 days. The highest percentage of invoices paid later than 60 days was 6% in the most recent period.
| 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 | 30 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 37 | 25% | 69% | 6% | 11% |
| 01 Jun 2022 - 30 Jun 2022 | 20 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 09 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 22 Oct 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 40 | 16% | 80% | 4% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 39 | 20% | 76% | 4% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 41 | 14% | 79% | 6% | 20% |
| 01 Jul 2017 - 31 Dec 2017 | 22 Jan 2018 | 41 | 8% | 87% | 5% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment within 45 days of invoice date (provided physical receipt is not delayed)
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
The originator of the purchase order is initially responsible for resolving a dispute via phone call / email. Unresolved disputes are escalated up the managerial chain as required.
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
ETC VENUES PARENT HOLDINGS LTD is a company that provides venue and event management services. They have a strong focus on sustainability and offer a range of environmentally friendly products and services.
Their sustainability program includes initiatives such as reducing waste, using renewable energy sources, and promoting sustainable transport options. They also have a recycling program in place and strive to use eco-friendly materials in their operations.
The company offers a variety of products and services, including event planning and management, venue hire, catering, and audiovisual equipment rental. They have a portfolio of over 15 venues across the UK, ranging from small meeting rooms to large conference spaces.
The key people at ETC VENUES PARENT HOLDINGS LTD include CEO Alastair Stewart and COO Sarah Potter. They are committed to providing exceptional customer service and ensuring that all events are executed seamlessly.
For more information on their services and sustainability efforts, interested parties can visit their website at www.etcvenues.co.uk. Their registered office address is 51-53 Hatton Garden, London, EC1N 8HN, United Kingdom.
Overall, ETC VENUES PARENT HOLDINGS LTD is a reputable company that prioritizes sustainability and offers a range of high-quality products and services for events and meetings.
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