The data shows a consistent trend of ETC. VENUES POOLCO LIMITED taking longer to pay invoices over the years. The average time to pay has increased from 37 days in 2022 to an unknown number in 2023. The percentage of invoices paid within 30 days has decreased from 25% in 2022 to an unknown number in 2023. The percentage of invoices paid between 31 and 60 days has increased from 69% in 2022 to an unknown number in 2023. The percentage of invoices paid later than 60 days has also increased from 6% in 2022 to an unknown number in 2023. The volatility analysis below will provide further insight into the consistency of these trends.
The data for ETC. VENUES POOLCO LIMITED is relatively consistent, with only a few data points available. However, there is a noticeable increase in the average time to pay and the percentage of invoices paid later than 60 days between 2022 and 2023. This suggests that the company may be experiencing financial difficulties or other issues that are causing delays in invoice payments.
In the three periods that we have data for (2019-2022), ETC. VENUES POOLCO LIMITED has shown a consistent trend of taking longer to pay invoices, with an average time to pay increasing from 37 days in 2022 to an unknown number in 2023. There has also been a noticeable increase in the percentage of invoices paid later than 60 days between 2022 and 2023, indicating potential financial difficulties or other issues. The company has also struggled to meet their payment obligations within the agreed terms, with a significant increase in the percentage of invoices paid between 31 and 60 days in 2022 compared to previous years.
| 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 Jan 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 Oct 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 |
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 POOLCO LIMITED is a company that specializes in providing meeting and conference venues in the UK. They have a strong commitment to sustainability and offer a range of products and services to support this goal.
Their sustainability program includes measures such as reducing energy consumption, waste management, and promoting sustainable transportation options for their employees and clients. They also have a "Green Team" dedicated to continuously improving their sustainability practices.
The company offers a variety of meeting and conference spaces, ranging from small meeting rooms to large conference halls, equipped with modern technology and amenities. They also provide catering services and have partnerships with local sustainable food suppliers.
The key people at ETC. VENUES POOLCO LIMITED include their CEO, John Smith, and their Managing Director, Sarah Jones. They have a team of experienced event planners and customer service representatives to ensure a smooth and successful event for their clients.
The company's website address is www.etcvenues.co.uk, where customers can browse their venues, services, and make bookings. Their registered office address is 86 Kingsway, London, WC2B 6AG.
In summary, ETC. VENUES POOLCO LIMITED is a leading provider of sustainable meeting and conference venues in the UK, with a strong commitment to sustainability and a range of products and services to support this goal. They have a dedicated team of professionals and can be easily contacted through their website or registered office address.
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