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PARKDEAN RESORTS UK LIMITED

Company number: 05729719

Reporting period:
1 July 2023 to 31 December 2023

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

This report was filed on 29 January 2024

and approved by Ian Kellett

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

• within 30 days: 62%
• in 31 to 60 days: 13%
• in 61 days or more: 25%

Invoices due but not paid within agreed terms: 12 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

180 days

Standard payment terms

It is the Company’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The majority of suppliers are paid on 30 day terms.

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

No

Maximum contractual payment period agreed

180 days

Any other information about payment terms

We have rebate arrangements with a small number of our suppliers but other than that we do not deduct sums from payment as a charge for remaining on our supplier list.

Dispute resolution process

Any dispute is generally resolved between the Purchase-to-pay team and the supplier. In the first instance disputes will be dealt with by the individuals responsible for the supply agreement, with support from the Finance team. Failure to meet resolution will be escalated to the Procurement / Legal team.

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