HOGG ROBINSON (TRAVEL) LIMITED
Company number: 01284358
Reporting period:
1 July 2022
to 31 December 2022
This report was filed on 26 January 2023
and approved by Jason Geall
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 1%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Standard payment period for qualifying contracts
7 days
Standard payment terms
The standard payment terms are usually 30 days. Payments will only take place following the receipt of a correct, undisputed and properly
due VAT invoice. Some suppliers have alternate agreements that are more appropriate to the transactions or series of transactions undertaken between the company and the supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
The firm has a dedicated Finance Service Desk which is reachable by email & by raising a ticket
internally via employee service desk portal. Suppliers with invoice queries need to contact this team and if the service desk team is not
able to resolve they can escalate the issue to the accounts payable/disbursements team. The accounts payable team will reach out to the
invoice contact if not clear from the system why the invoice has not been approved for payment. Alternatively, the relevant member of the
Finance department is also able to escalate through the same channels to seek a satisfactory, fair and honest conclusion.
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.
Yes
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