SOUTHALL TRAVEL LIMITED
Company number: 01869431
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 1 October 2019
and approved by Jaymin Borkhatria
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
The majority of our payments are via the airlines Bank Settlement Plan and hotels invoices. These are paid on the 1st and 15th of each month and within a month respectively.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
The process varies in accordance with the supplier’s payment term and/or contract and dealt with by the accounts payable department.
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