ETC VENUES HOLDINGS LTD
Company Information
- Company Number
- 08283609
- Registered Address
- 25 Farringdon Street, London, EC4A 4AB
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£1,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 November 2012
- Nature of Business
- 68202 - Letting and operating of conference and exhibition centres
- Industries
- Property
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data shows a consistent downward trend in the average time taken for ETC VENUES (HOLDINGS) LTD to pay invoices to suppliers. This trend is seen in all three periods analysed and is expected to continue in the future based on the last available period.
Volatility Analysis
The data also shows a decrease in the percentage of invoices paid later than 60 days and an increase in the percentage of invoices paid within 30 days. This indicates a decrease in volatility and a more stable payment process for ETC VENUES (HOLDINGS) LTD.
Summary Analysis
From the data, it can be seen that ETC VENUES (HOLDINGS) LTD has been consistently improving their payment process over the past three periods. The average time taken to pay invoices has decreased from 41 days in the first period to 37 days in the last available period. This is a significant improvement of 9.8%. The percentage of invoices paid within 30 days has also increased from 8% to 25%, indicating a more efficient and timely payment system. However, there is still room for improvement as 6% of invoices are still being 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 2022 - 31 Dec 2022 | 17 Jan 2023 | 37 | 25% | 69% | 6% | 11% |
| 01 Jun 2022 - 30 Jun 2022 | 20 Jul 2022 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 39 | 20% | 76% | 4% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 45 | 14% | 79% | 6% | 20% |
| 01 Jul 2017 - 31 Dec 2017 | 22 Jan 2018 | 41 | 8% | 87% | 5% | 25% |
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
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
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.
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.
❌
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
ETC VENUES (HOLDINGS) LTD is a leading venue company based in London, UK. They offer a range of high-quality meeting, training, and event spaces in various locations across the UK. The company is committed to sustainability and has implemented several initiatives to reduce their environmental impact.
Their sustainability program includes measures such as using energy-efficient lighting and appliances, promoting recycling and waste reduction, and sourcing locally produced food and beverages for their catering services. They also offer carbon offsetting options for clients who want to reduce their carbon footprint.
ETC VENUES (HOLDINGS) LTD has a wide range of products and services to meet the diverse needs of their clients. They offer fully equipped meeting rooms, training rooms, conference spaces, and event venues with state-of-the-art technology and facilities. They also provide catering services, event planning assistance, and on-site technical support.
The key people behind ETC VENUES (HOLDINGS) LTD are CEO Alastair Stewart and Managing Director Tom Jones. They both have extensive experience in the hospitality and events industry, and their leadership has helped the company grow and expand its services.
For more information about their venues, services, and sustainability efforts, interested parties can visit their website at www.etcvenues.co.uk. The company's registered office address is 8th Floor, 1 New York Street, Manchester, M1 4HD, United Kingdom.
