SUNSAIL WORLDWIDE SAILING LIMITED
Company number: 01658245
Reporting period:
1 April 2020 to 30 September 2020
Report filed on:
29 October 2020
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%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 61%
Payment terms
Shortest standard payment periods
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?
Changed from 30 days to 60 days payment terms
Were suppliers notified or consulted about these changes before they were made?
Contracts were renegotiated and suppliers contacted by email.
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
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 Fair 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