SUNSAIL WORLDWIDE SAILING LIMITED
Company number: 01658245
Reporting period:
1 October 2020 to 31 March 2021
Report filed on:
14 November 2021
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%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 58%
Payment terms
Shortest standard payment periods
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?
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?
Supplier contracts (where in place) where re-negotiated and extended payment terms agreed.
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
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 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