BETA This is a new service – your feedback will help us to improve it.

SUNSAIL WORLDWIDE SAILING LIMITED

Company number: 01658245

Reporting period:
1 October 2020 to 31 March 2021

---

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

This report was filed on 14 November 2021

and approved by Jaime Evans

Payment statistics

Average time taken to pay invoices: 60 days

Invoices paid:

• within 30 days: 24%
• in 31 to 60 days: 18%
• in 61 days or more: 58%

Invoices due but not paid within agreed terms: 58 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

Our standard payment terms are 60 days

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

Yes – 3rd party suppliers payments were subject to Covid procedures during this time. Delayed payments terms negotiated and agree where possible.

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

Yes – Supplier contracts (where in place) where re-negotiated and extended payment terms agreed.

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

In the event of a dispute with a supplier. Details of the dispute would be provided to the supplier and negotiations re payment entered into.

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