SUNSAIL WORLDWIDE SAILING LIMITED

Company number: 01658245

Reporting period:
1 October 2019 to 31 March 2020

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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 periods

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?

Payment terms were changed from 30 days to 60 days

Were suppliers notified or consulted about these changes before they were made?

Email communications to all our suppliers and discussions took place with our key suppliers.

Maximum contractual payment period agreed

60 days

No further comment provided

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, 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