BARRHEAD TRAVEL SERVICE LIMITED

Company number: SC057208

Reporting period:
1 January 2019 to 30 June 2019

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This report was filed on 30 July 2019

and approved by Stuart Taylor

Payment statistics

Average time taken to pay invoices: 9 days

Invoices paid:

• within 30 days: 85%
• in 31 to 60 days: 11%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 15%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Payment terms are defined by our suppliers' standard payment terms. Where the supplier does not specify its payment terms, standard terms of 30 days from invoice are assumed.

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

Any complain, concern or query is initially investigated by our payments team. Operational teams would be consulted by the payments team to verify supplier values and assist with resolution as and when required. It is our aim to resolve any complaint, concern or query within the supplier's agreed payment terms to ensure that payment is still received on time.

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