GOV.UK
SUNSAIL WORLDWIDE SAILING LIMITED
Company number: 01658245
Reporting period:
1 October 2019
to 31 March 2020
This report was filed on 29 October 2020
and approved by MR OLIVER GOODARZI
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 34%
- in 61 days or more: 30%
Invoices due but not paid within agreed terms: 30 %
Payment terms
Shortest standard payment period
60 days
Longest standard payment period
90 days
Standard payment terms
Payments are prepared twice monthly and approved supplier invoices are paid according to payment due dates on the vendor master data. The payment due date is calculated from the invoice date.
Were there any changes to the standard payment terms in the reporting period?
Yes – Payment terms were changed from 30 days to 60 days
Were suppliers notified or consulted about these changes before they were made?
Yes – Email communications to all our suppliers and discussions took place with our key suppliers.
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner and as close to contractual terms as we possibly can. We do our utmost to resolve queries quickly and to everyone’s satisfaction. It is important to us that there is no negative impact on our customers experience and our supplier relationships are essential in delivering the first class services our customers expect. A close working relationship and good payment performance is paramount in our business.
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