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JET2HOLIDAYS LIMITED

Company number: 04472486

Reporting period:
1 October 2020 to 31 March 2021

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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 April 2021

and approved by Gary Brown

Payment statistics

Average time taken to pay invoices: 38 days

Invoices paid:

• within 30 days: 83%
• in 31 to 60 days: 9%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 25 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

45 days

Standard payment terms

45 days

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

Yes – Standard payment terms changed from 30 days to 45 days

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

Yes – New suppliers were set up on 45 day standard payment terms. Existing suppliers were consulted prior to changes being made.

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

All Disputes should be directed in the first instance to the Jet2holidays business contact. Queries relating to Jetholidays are sent to supplierenquiries@Jet2holidays.com where one of our AP Query team members liaise with the Jet2holidays business contact on the suppliers behalf and provide the necessary feedback. Once the dispute has been resolved we pay the invoice in the next payment run.

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.

Yes

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