HIPPODROME CASINO LIMITED
Company number: 05497987
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
3 January 2023
Approved by:
Julian Edwins
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 78%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 6%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are 30 days end of month. For some artist contracts we may agree shorter payment terms
Were there any changes to the standard payment terms in the reporting period?
During the pandenic we reached out to our supplier and agreed extended terms with many of them on an ad hoc basis
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
The majority of purchases are supported by purchase orders. The purchase order will provide the details of the
budget holder responsible for the purchase, who would be the first point of contact for any dispute. The purchase
order will also include our payment terms.
Where the dispute remains unresolved the supplier can escalate the query to the finance office who will seek to
resolve the dispute.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No