LANDMARK HOTEL LONDON LIMITED
Company number: 06618138
Reporting period:
1 November 2018
to 30 April 2019
This report was filed on 29 May 2019
and approved by Brian Hladnik
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 48%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 52 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
For most qualifying contracts payment is made 30 days after receipt of invoice.
Whenever there is an error on received quantities or prices, payment could be delayed depending on how quickly the supplier provides the corresponding correction.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
Invoices are paid within agreed terms. Delays in payment would only occur if there is a discrepancy or dispute on the invoiced amount versus the actual goods or services delivered. The discrepancies are communicated to the suppliers in a timely manner.
Dispute resolution process
Complains or concerns are addressed by the department who ordered the goods or services. They would communicate to the supplier on a matter of dispute/concern usually within 5 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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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