APEX HOTELS LIMITED
Company number: SC073489
Reporting period:
1 November 2022 to 30 April 2023
Report filed on:
26 May 2023
Approved by:
Averil Wilson
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 59%
- in 31 to 60 days: 36%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 37%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Standard Payment Terms for Apex Hotels are net monthly - payment made 30 days following the month in which the invoice is dated. Standard terms for travel agents are 14 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
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
In the event of a dispute, the staff member responsible for the order advises the supplier directly. The order raiser will also communicate with the finance team who will assist in placing the invoice on query status. Any query from a supplier should be directed to accounts.payable@apexhotels.co.uk with supplier details, invoice number, PO detail, site location and the name of the staff member who placed the order.
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.
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