PRIORITY PASS LIMITED
Company number: 02728518
Reporting period:
1 October 2025 to 30 April 2026
Report filed on:
4 August 2026
Approved by:
Christopher Evans
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 31 days
Total value paid:
- within 30 days: £239,193,794 (94%)
- in 31 to 60 days: £15,784,950 (6%)
- in 61 days or more: £245 (< 1%)
Invoices paid:
- within 30 days: 82%
- in 31 to 60 days: 17%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £40,537,020
- payments due in the reporting period which have not been paid within the agreed period: 12%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Our standard payment term is 30 days unless agreed otherwise
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
90 days
90 days is our maximum payment term unless negotiated and agreed
Any other information about payment terms
N/A
Dispute resolution process
Initial queries are to be emailed to the dedicated Accounts Payable email address and dealt with by the accounts payable team . If the query requires escalation, this is to be sent to the Accounts Payable Manager. Priority Pass aims to respond to disputes within 10 working days.
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