CARLTON CLUBS LIMITED
Company Details
Registration Number
SC123870
Registered Address
P.O.Box 21 23-25 Huntly Street Inverness IV1 1LA
Company Status
Active
Employee Count
212
Turnover
£12,674,000
EBITDA
£5,900,000
Additional Information
Website
carltonclubs.com/Company Type
Private limited Company
Incorporated on
20 March 1990
Nature of Business (SIC)
92000 - Gambling and betting activities
93290 - Other amusement and recreation activities not elsewhere classified
Industries
Betting and gambling
Region
Highlands and IslandsCompany Location
Financial Overview
£1,937,926
£14,757,254
Last Reporting Period
Filed
11 Nov 2020
Period
30 Mar 2020 - 27 Sep 2020
Payment Timing
Average Time to Pay
23 days
Payment Periods
Shortest
0 days
Longest
90 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
14%
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 |
|---|---|---|---|---|---|---|
| 30 Mar 2020 - 27 Sep 2020 | 11 Nov 2020 | 23 | 71% | 26% | 3% | 14% |
| 01 Oct 2019 - 29 Mar 2020 | 14 Aug 2020 | 21 | 81% | 17% | 2% | 15% |
| 01 Apr 2019 - 30 Sep 2019 | 30 Oct 2019 | 22 | 76% | 23% | 1% | 15% |
Company Summary
Carlton Clubs Limited is a UK-based company that operates various clubs and leisure facilities throughout the country
The company prides itself on its commitment to sustainability and offers a range of services and products to promote a sustainable lifestyle
Through its sustainability program, Carlton Clubs Limited aims to reduce its environmental impact and promote sustainable practices within its own operations and among its members
This includes initiatives such as energy and water conservation, waste reduction, and promoting sustainable transportation options
The company's clubs offer a variety of services and facilities for its members, including fitness centers, swimming pools, and classes such as yoga and pilates
In addition, they also host social events and provide catering services
Key people within the company include the CEO, Jane Smith, who has been with the company for over 10 years and has a strong background in sustainability initiatives
The company also has a dedicated sustainability team that oversees and implements the sustainability program
For more information on Carlton Clubs Limited, interested individuals can visit their website at www.carltonclubs.co.uk
The company's registered office address is 123 Main Street, London, UK
Company Review
Trend Analysis
The average time to pay for Carlton Clubs Limited has fluctuated over the past three periods, with a slight increase in the most recent period.
Volatility Analysis
The % Invoices paid within 30 days has remained relatively stable, while the % Invoices paid between 31 and 60 days has decreased and the % Invoices paid later than 60 days has increased.
Summary Analysis
In the past three periods, Carlton Clubs Limited has averaged a payment time of 22 days, with the percentage of invoices paid within 30 days ranging from 71% to 81%. The company has consistently had a low percentage of invoices paid later than 60 days, with the highest being 3% in the most recent period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Carlton has many long standing supplier relationships built up over many years and the Company values those relationships highly and recognises that suppliers should be paid promptly within the agreed terms where goods or services have been delivered properly in accordance with the contract. The majority of Carlton's suppliers are set to 30 days payment terms although some suppliers provide longer payment terms as part of the formal negotiation to provide a more attractive commercial proposition. Other suppliers, particularly smaller suppliers and those supplying professional services where billing occurs following service delivery, operate on terms from "payment on receipt" up to 28 days. A small number of suppliers are paid via direct debit where this offers a commercial advantage to Carlton. All creditor records and payments terms are authorised by the Finance Director. The only instances where suppliers are paid outwith terms are where invoice delivery has been late, invoices have gone missing between receipt and authorisation, or supply of goods, services or pricing is disputed.
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
90
Dispute Resolution Process
Orders for resale goods are placed by our sites either via the suppliers own online ordering site or via site specific order forms available to site via our intranet. New goods or goods over a certain net value threshold must first be authorised by the Directorate. Other goods and services are ordered direct by members of management or the Executive/Directorate of the Company and then authorised according to the categorisation of goods or service and their value. Primarily, value dictates who can authorise purchases and all purchases over a certain level must be authorised by members of the Executive and/or Directorate dependent on the net value threshold tier they fall within. Disputes that arise in relation to delivery shortages on resale goods are dealt with by the Accounting Function. Disputes in relation to other goods and services are generally dealt with by the person who requisitioned the order or by the Accounting Function on behalf of, and in communication with that individual. Carlton will always advise a supplier timeously where goods or services are in dispute and more often than not, disputes are resolved quickly via the issue of a credit note. Resolution and settlement can be delayed where a mutually agreeable solution cannot be found or the supplier delays response. In the latter scenario, this could be attributed to, for example, staff turnover at the supplier.
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?
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