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SUNSAIL WORLDWIDE SAILING LIMITED

Company number: 01658245

Reporting period:
1 April 2020 to 30 September 2020

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This information is as reported by the business, and responses are in their own words.

This report was filed on 29 October 2020

and approved by MR OLIVER GOODARZI

Payment statistics

Average time taken to pay invoices: 60 days

Invoices paid:

• within 30 days: 19%
• in 31 to 60 days: 20%
• in 61 days or more: 61%

Invoices due but not paid within agreed terms: 61 %

Payment terms

Shortest standard payment period

60 days

Longest standard payment period

90 days

Standard payment terms

Payments are produced twice monthly according to invoice date and supplier master data payment terms.

Were there any changes to the standard payment terms in the reporting period?

Yes – Changed from 30 days to 60 days payment terms

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

Yes – Contracts were renegotiated and suppliers contacted by email.

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