The data for ETC.VENUES NEWCO LIMITED shows a consistent average time to pay of 39 days in the first period, followed by a slight increase to 40 days in the second period. The third period does not have any data, but in the fourth period, there is a significant decrease to 37 days. This trend continues in the fifth period, with a further decrease to 35 days. However, there is no data for the sixth and seventh periods, and there is a slight increase to 37 days in the eighth period. The trend then continues with a decrease to 34 days in the ninth period. The trend shows a fluctuation in the average time to pay, but overall, the company is making efforts to decrease the time taken to pay invoices.
There is some volatility in the data for ETC.VENUES NEWCO LIMITED. In the first period, there is a 16% increase in the number of invoices paid within 30 days compared to the previous period. In the second period, there is a 4% increase in the number of invoices paid within 30 days compared to the previous period. However, there is no data for the third period, and in the fourth period, there is a 6% decrease in the number of invoices paid within 30 days compared to the previous period. The fifth period shows a 3% increase, and the eighth period shows a 6% decrease. Overall, there is some fluctuation in the percentage of invoices paid within 30 days, but the company has consistently paid a high percentage of invoices within this timeframe.
The data for ETC.VENUES NEWCO LIMITED shows a consistent trend of decreasing average time to pay in the first, second, fourth, fifth, and ninth periods. The company has also consistently paid a high percentage of invoices within 30 days. There is no data for the third, sixth, and seventh periods, so it is unclear if there were any significant changes during these periods. However, the data for the eighth period shows a slight increase in the average time to pay and a decrease in the percentage of invoices paid within 30 days. This could be an area of improvement for the company. Overall, the data shows efforts to decrease the time taken to pay invoices and a good track record of paying within agreed terms.
| 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% |
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 NEWCO LIMITED is a UK-registered company incorporated in April 2018, forming part of the etc.venues group. Companies House records its business as that of a holding company alongside letting and operating conference and exhibition centres, indicating the entity sits within a group that operates meeting and conference venues in the UK. Corporate filings show directors with links to New York-based conference-space operator Convene, suggesting the group has ties to that wider venues business. No further public description of day-to-day trading activity, products or services is available beyond these registered business classifications.
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