Company number: 01990682
and approved by Ken Campling
Average time taken to pay invoices: 25 days
Invoices paid:
Invoices due but not paid within agreed terms: 3%
1 days
38 days
We generally do not have standard payment terms for our holidays supplier. It is the supplier who defines the standard payment terms. We have payment requests from holidays suppliers based on a certain amount of days before (packages, flights, cruises) or after (accommodation, transfers) the holiday takes place. The payment terms that we are reporting here is the difference between the date of the statement and the date of payment.
Answer not provided
N/A
38 days
n/a
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Our supplier payments team checks internally with both our systems and branches any difference to the statement value sent by the supplier. If the supplier value is verified we pay the amount due and update our costings internally. If the supplier value is not correct, the team will get in touch with the supplier to try and resolve the query before the next statement is issued by the supplier. There are still high volume of booking queries driven by amendments & rescheduling of bookings during covid & the turnover of staff in the travel industry impacting both suppliers & agents have meant that late payments are still not back to pre pandemic levels.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No