HOLIDAY EXTRAS LIMITED
Company number: 01693250
Reporting period:
1 April 2021 to 30 September 2021
Report filed on:
6 April 2022
Approved by:
Hugo Loudon
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 96%
- in 31 to 60 days: 3%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 15%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
31 days
Standard payment terms
Our standard payment period is 30 days. Our most frequently used terms require payment within 30 days and encompass payment for both overheads and trading suppliers. We also have many trading suppliers who require payment either immediately or within 14 days which reduces our average time taken to pay to 11 days. Our maximum payment period is 31 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
31 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Our dispute process usually begins with an email from a supplier, we will investigate the dispute immediately within our supplier payments team and aim to respond to the supplier within 5 working days of receipt of the query. If this response is not a resolution, we will keep the supplier informed of exactly where the query is currently sitting, for example this would usually be within our Commercial team. We do not very often receive disputes that cannot be resolved quickly and satisfactorily for all involved by the Finance and Commercial Teams, however if we need to, the matter can be escalated and promptly resolved.
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