BOOKING.COM TRANSPORT LIMITED
Company number: 05179829
Reporting period:
1 January 2021 to
30 June 2021
This report was filed on 16 November 2021
and approved by Bryan Batista
Payment statistics
Average time taken to pay invoices: 18 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 24%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 27%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms under supplier contracts are 30 days. However the company will at its discretion process and pay authorised and agreed invoices shortly after receipt. Generally this will be without recourse to the contractually agreed terms.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
45 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
All our product suppliers have account managers within the finance department. These are the principle point of contact in the case of disputes and discrepancies. It is the policy of the business to explain any reason for a payment different to that invoiced at transactional level. In the event that disputes cannot be resolved finance staff have recourse to the product teams who manage the commercial relationship with our suppliers. They are also a line of communication between suppliers and the company.
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 Prompt 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