LAGARDÈRE TRAVEL RETAIL (UK) LTD
Company number: 05092104
Reporting period:
1 July 2023
to 31 December 2023
This report was filed on 30 January 2024
and approved by KATIE ASHFORD
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 54%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Standard payment period for qualifying contracts
0 days
Standard payment terms
The most frequently used payment terms for qualifying contract by number of invoices is 30 days from invoice date (30JF)
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
3 months end of the month of the date of the invoice
Any other information about payment terms
N/A
Dispute resolution process
Supplier disputes should be raised with a member of the Lagardere Travel Retail UK Limited account payable team either by Email or Telephone. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. Once resolved the supplier will be paid in accordance with its payment terms or if the invoice is past due then on the next payment run.
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