Ranked in 4 industries
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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 holding company registered in London, incorporated in 2012, within the etc.venues group. Its registered nature of business is the letting and operating of conference and exhibition centres, and Companies House records identify Etc.Venues Bidco Limited as a person with significant control, indicating its place within the wider etc.venues corporate structure. As a parent holding entity, the company itself does not directly trade but sits above operating businesses in the group that run conference and event venues. No accounts details beyond standard filings are available to describe further trading activity. The company remains active, with its most recent registered office at Aldersgate Street, London.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk