AUDLEY TRAVEL GROUP LIMITED
Company number: 03190720
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 13 July 2018
and approved by Nils Steinmeyer
Payment statistics
Average time taken to pay invoices: 6 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 1%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 9 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Payment terms as standard are agreed with reference to the clients departure date. Audley Travel will pay the outstanding balance owed to the Supplier for each Client 30 days after the end of the calendar month in which the last supply of services is made by the Supplier to the Client. Variations to these terms do exist, but are by exception only, and only applied when negotiated and agreed by both parties
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
The company is committed to resolving disputes with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to the satisfaction of all parties prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would be escalated in the first instance to the relevant head of department to expedite a resolution
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