THE ROYAL PARKS LIMITED
Company Information
- Company Number
- 10016100
- Registered Address
- The Old Police House, Hyde Park, London, W2 2UH
- Status
- Active
- Employee Count
- 295
- Turnover
- £123,019,000
- EBITDA
- £13,434,000
Additional Details
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 19 February 2016
- Nature of Business
- 68320 - Management of real estate on a fee or contract basis91030 - Operation of historical sites and buildings and similar visitor attractions91040 - Botanical and zoological gardens and nature reserves activities
- Industries
- Environment, Agriculture And Waste, Events And Venues, Property-related Goods And Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for THE ROYAL PARKS LIMITED to pay invoices has decreased over the past three periods, from 24 days in 2018-2019 to 18 days in 2020-2021. This indicates that the company has improved its efficiency in paying invoices.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 78% and 91% over the past three periods. The percentage of invoices paid between 31 and 60 days has also fluctuated between 5% and 15%. This indicates that the company's payment patterns have not been consistent.
Summary Analysis
Over the past three periods, THE ROYAL PARKS LIMITED has shown improvement in paying invoices, with the average time taken decreasing by 6 days. The percentage of invoices paid within 30 days has also increased by 13%, indicating a positive trend towards early payment.
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 Oct 2020 - 31 Mar 2021 | 15 Apr 2021 | 18 | 91% | 5% | 4% | 9% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 18 | 85% | 11% | 4% | 15% |
| 01 Oct 2019 - 31 Mar 2020 | 04 Aug 2020 | 19 | 87% | 9% | 4% | 13% |
| 01 Apr 2019 - 30 Sept 2019 | 27 Nov 2019 | 20 | 86% | 11% | 3% | 14% |
| 01 Oct 2018 - 31 Mar 2019 | 07 May 2019 | 23 | 84% | 10% | 6% | 13% |
| 01 Apr 2018 - 30 Sept 2018 | 04 Apr 2019 | 24 | 78% | 15% | 7% | 19% |
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
The Royal Parks does not have a standardised set of terms and conditions used on all contracts. Most payment terms are 30 days from invoice and the maximum contractual payment period is 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
Disputes over payment are initially raised by suppliers either with the budget manager or finance, via email, telephone or occasionally by letter. These are then investigated with liaison between the relevant member of the staff and the supplier, typically by telephone or email, until an agreement is reached between both parties.
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
Company Summary
THE ROYAL PARKS LIMITED is a UK-based organization responsible for managing and preserving 5,000 acres of historic royal parkland in London. They aim to provide a beautiful and sustainable environment for the public to enjoy.
Their sustainability program includes initiatives such as reducing carbon footprint, promoting biodiversity, and conserving water resources. They have also implemented measures to increase the use of renewable energy and reduce waste.
The organization offers a variety of products and services, including outdoor events, educational programs, and guided tours. They also manage several cafés and restaurants within the parks, which serve locally sourced and sustainable food.
Key people in the organization include the Chief Executive, Andrew Scattergood, and the Chairman, Loyd Grossman. The Board of Directors consists of individuals with a diverse range of backgrounds and expertise in areas such as conservation, finance, and business.
The registered office address for THE ROYAL PARKS LIMITED is The Old Police House, Hyde Park, London W2 2UH. Their website address is www.royalparks.org.uk, where visitors can find information about the parks, events, and activities, as well as ways to support their conservation efforts.
In summary, THE ROYAL PARKS LIMITED is committed to preserving and promoting sustainability in London's historic royal parks. They offer a range of services and products for the public to enjoy while also implementing initiatives to protect the environment. Their team of dedicated individuals and diverse Board of Directors work towards achieving their goals, and their website serves as a valuable resource for visitors.
