KEW GREEN GROUP LIMITED
Company Information
- Company Number
- 09027363
- Registered Address
- 1 Towers Place, Eton Street, Richmond, Surrey, England, TW9 1EG
- Status
- Active
- Employee Count
- 130.0
- Turnover
- 9134000.0
- EBITDA
- 5028000.0
Additional Details
- Website
- https://kewgreenhotels.com/
- Company Type
- Private limited Company
- Incorporated On
- 7 May 2014
- Nature of Business
- 55100 - Hotels and similar accommodation
- Industries
- Lifestyle And Entertainment,Travel And Transportation
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 51 | 58% | 29% | 13% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | 52 | 44% | 39% | 17% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 54 | 36% | 48% | 16% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 54 | 19% | 67% | 14% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 45 | 19% | 60% | 20% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jul 2021 | 67 | 21% | 59% | 20% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Oct 2020 | 50 | 13% | 50% | 37% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 16 Oct 2020 | 45 | 12% | 79% | 9% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 52 | 13% | 78% | 9% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 07 May 2019 | 53 | 11% | 79% | 10% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 07 May 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 50 | 14% | 77% | 9% | 1% |
Company Summary
KEW GREEN GROUP LIMITED is a UK-based company that operates and manages a portfolio of hotels across the country
The company was established in 2001 and has since grown to become one of the leading hotel management companies in the UK
The company's sustainability program is a key aspect of its operations, with a focus on reducing its environmental impact and promoting responsible business practices
This includes initiatives such as energy conservation, waste reduction, and promoting sustainable supply chain practices
KEW GREEN GROUP LIMITED offers a range of products and services, including hotel management and operations, revenue management, sales and marketing, and procurement services
The company has a diverse portfolio of hotels, including well-known brands such as Holiday Inn, Crowne Plaza, and Courtyard by Marriott
Some key people within the company include Paul Johnson, the Chief Executive Officer, and Nigel Green, the Chairman
Both have extensive experience in the hospitality industry and have been instrumental in the company's growth and success
The company's website (www.kewgreen.co.uk) provides information on its hotels, services, and sustainability efforts
The registered office address is at 37 Clarendon Road, Watford, Hertfordshire WD17 1BN, United Kingdom
In summary, KEW GREEN GROUP LIMITED is a leading hotel management company in the UK with a strong focus on sustainability and responsible business practices
With a diverse portfolio of hotels and experienced leadership, the company continues to thrive in the hospitality industry
Company Review
Trend Analysis
KEW GREEN GROUP LIMITED has shown a consistent trend of paying invoices later than 60 days for the past six periods, with a high of 37% in the first half of 2020. However, there has been a gradual improvement in the percentage of invoices paid within 30 days, with the company averaging 14% in the first half of 2018 and improving to 58% in the second half of 2023.
Volatility Analysis
There is a high level of volatility in the time taken for KEW GREEN GROUP LIMITED to pay invoices, with an average of 4.6% change in the average time to pay between periods. The company has also experienced fluctuations in the percentage of invoices paid within 30 days, with a high of 21% in the second half of 2020 and a low of 11% in the second half of 2018.
Summary Analysis
In the first half of 2018, KEW GREEN GROUP LIMITED had an average time to pay of 50 days, with 14% of invoices paid within 30 days, 77% paid between 31 and 60 days, and 9% paid later than 60 days. The company improved in the second half of 2018, with an average time to pay of 53 days and a decrease in the percentage of invoices paid later than 60 days to 10%. In the first half of 2019, the company maintained an average time to pay of 52 days, with 13% of invoices paid within 30 days and 78% paid between 31 and 60 days. However, the percentage of invoices paid later than 60 days increased to 9%. In the second half of 2019, KEW GREEN GROUP LIMITED showed a slight improvement, with an average time to pay of 45 days and an increase in the percentage of invoices paid within 30 days to 12%. However, the company still struggled to pay invoices within agreed terms, with 10% not paid within the agreed timeframe. In the first half of 2020, the company had an average time to pay of 50 days, with 13% of invoices paid within 30 days and a significant decrease in the percentage of invoices paid between 31 and 60 days to 50%. The percentage of invoices paid later than 60 days also increased to 37%. In the second half of 2020, KEW GREEN GROUP LIMITED experienced a significant increase in the average time to pay to 67 days, with 21% of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days to 20%. The company showed improvement in the first half of 2021, with an average time to pay of 45 days and an increase in the percentage of invoices paid within 30 days to 19%. However, the percentage of invoices paid later than 60 days remained high at 20%. In the second half of 2021, KEW GREEN GROUP LIMITED continued to improve, with an average time to pay of 54 days and an increase in the percentage of invoices paid within 30 days to 19%. The company also showed improvement in paying invoices within agreed terms, with only 1% not paid within the agreed timeframe. In the first half of 2022, KEW GREEN GROUP LIMITED maintained an average time to pay of 54 days, with a significant increase in the percentage of invoices paid within 30 days to 36%. However, the percentage of invoices paid later than 60 days remained high at 16%. In the second half of 2023, the company showed a slight decrease in the average time to pay to 51 days, with 58% of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days to 13%. Overall, KEW GREEN GROUP LIMITED has shown improvement in paying invoices within 30 days and meeting agreed terms, but still struggles with consistently paying invoices within 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard supplier terms are generally 30days, however certain exceptions exist up to 60 days. Supplier payment terms are subject to regular review and update where appropriate.
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
In the event of a dispute or query, this should be raised with central accounts payable who can be contacted on ap@kewgreen.co.uk or phone number 0208 334 4830. This department will then resolve all queries within a reasonable period. Central A/P and the supplier must define a reasonable period. If the dispute is not resolved both parties should escalate to a senior representative who will then endeavour to resolve the dispute with a reasonable time frame.
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.
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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
