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Their own payment-practices filing · gov.uk

How long does Rank Leisure Limited take to pay its suppliers?

CRN 03417930 · Arts & entertainment · 8 statutory reports on record · period to 31 Dec 2021

40days
their reported average time to pay suppliers, latest period
Slower than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Share
Dated record. The latest report covers a period ending 31 Dec 2021 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
11 Aug 1997
Registered office
TOR, MAIDENHEAD, SL6 8BN
0 outstanding charges on the register Accounts due 31 Mar 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 15 days. Reported average: 40.

Stated terms15d
+25 days
Reported avg40d

At a glance

The key figures

15d
their stated terms
45%
invoices paid outside terms
-18d
faster over the window
±13d
variable pattern

Vs peers · latest reported averages

fasterslower
Slower than 86% of the 74 large companies reporting in arts & entertainment.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 15d
58
25
22
45
19
40
H1 2019H2 2019H1 2020H2 2020H1 2021H2 2021

Where their supplier invoices land · latest period

within 30 days 55% 31–60 days 37% 61+ days 8%

The read · computed from their figures

Rank Leisure Limited has filed 8 statutory payment periods (earliest H1 2018). Their latest report puts the average at 40 days against stated terms of 15 days.

The direction is faster: from 58 to 40 days over the window — about 18 days faster.

In the latest period 45% of invoices were paid outside their agreed terms, and 8% landed 61+ days out.

In their own words · from the filing

Standard payment terms

The majority of Rank’s suppliers are set to 30 days payment terms which is stipulated within the market tenders inviting commercial proposals, although some suppliers provide longer payment terms as part of the formal negotiation to provide a more attractive commercial model and taking into account the impact of the COVID-19 pandemic. Any payment terms less than 30 days must be agreed in advance with Rank’s Senior Finance Leadership team. There have been no changes to these terms in the past 6 months.

Dispute resolution

Purchase orders are raised for the majority of purchases to an approved Rank supplier. Contact details of the person raising the purchase order are given to the supplier on the purchase order. This would normally be the first point of contact for a supplier to resolve a payment dispute. The purchase order also includes terms and conditions of purchase. Section 6.3 under Payment states "If the buyer (Rank) fails to make any payment due to the seller under the contract by the due date for payment then the buyer shall pay interest on the overdue amount at the rate of 2% per annum above the National Westminster Bank Plc's base rate. Such interest shall accrue on a daily basis from the due date until the actual payment whether before or after judgement. This clause does not apply to payments th

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20214045%8%28 Jan 2022
H1 2021196%0%30 Jul 2021
H2 20204567%27%29 Jan 2021
H1 20202216%10%29 Jul 2020
H2 20192536%5%30 Jan 2020
H1 20195868%45%30 Jul 2019
H2 201810193%75%30 Jan 2019
H1 20182315%6%31 Jul 2018

Working-capital effect

What a 40-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 40-day vs a 15-day payment cycle.

≈ £16,000
of invoicing outstanding at any one time on a 40-day cycle — about £9,900 more than the same account would carry at 15-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?
Their reported average has moved about 18 days faster over the window (58 → 40 days).
What's their typical pay point?
Their latest reports average around day 40, moving within about ±13 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Rank Leisure Limited (free)

Their next payment report is due ≈ 29 Jul 2022. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in arts & entertainment

Rank Digital Limited · Red Bull Racing Limited · Ral Limited · Renault Sport Racing Limited · Racing Point UK Limited · Royal Opera House Covent Garden Foundation

How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-03417930 · latest period to 31 Dec 2021

Verify the original Companies House file

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