CLARIDGE'S HOTEL LIMITED

Company number: 00029022

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 15 August 2018

and approved by Liam Cunningham

Payment statistics

Average time taken to pay invoices: 52 days

Invoices paid:

• within 30 days: 8%
• in 31 to 60 days: 81%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 26%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Our standard payment terms are 30 days following the end of the month of the invoice date.

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

Answer not provided

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

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

Our payment terms are based on the invoice date and not the date that the invoice is received.

Dispute resolution process

Payment disputes and queries are dealt with by the Accounts Payable Executive in the Finance Department who will liaise with the Purchasing Department or other relevant departments. Failing a successful resolution, the dispute will be escalated to the Assistant Financial Controller, Group Financial Controller or General Manager.

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, 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