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LANDMARK HOTEL LONDON LIMITED

Company number: 06618138

Reporting period:
1 November 2021 to 30 April 2022

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

This report was filed on 30 May 2022

and approved by Brian Hladnik

Payment statistics

Average time taken to pay invoices: 34 days

Invoices paid:

• within 30 days: 48%
• in 31 to 60 days: 48%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 55 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

For most qualifying contracts payment is made 30 days after receipt of invoice.
Whenever there is an error on received quantities or prices, payment could be delayed depending on how quickly the supplier provides the corresponding correction.

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

No

Maximum contractual payment period agreed

60 days

Invoices are paid within agreed terms. Delays in payment would only occur if there is a discrepancy or dispute on the invoiced amount versus the actual goods or services delivered. The discrepancies are communicated to the suppliers in a timely manner.

Any other information about payment terms

Nothing to add

Dispute resolution process

Complains or concerns are addressed by the department who ordered the goods or services. They would communicate to the supplier on a matter of dispute/concern usually within 5 working days.

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