PARKDEAN RESORTS UK LIMITED
Company number: 05729719
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 28 January 2021
and approved by Ian Kellett
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 30%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 12 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
365 days
Standard payment terms
It is the Company’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The majority of suppliers are paid on 30 day terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
365 days
We have rebate arrangements with a small number of our suppliers but other than that we do not deduct sums from payment as a charge for remaining on our supplier list.
Any other information about payment terms
N/A
Dispute resolution process
Any dispute is resolved between the Accounts Payable department and the supplier. In the first instance disputes will be dealt with by the individuals responsible for the supply agreement, with support from the finance department. Failure to meet resolution will be escalated to the Legal team.
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