HOGG ROBINSON (TRAVEL) LIMITED
Company number: 01284358
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 30 October 2018
and approved by Ian Windsor
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 9%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 10 %
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 under taken 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
All disputes are dealt with by the relevant member of the Finance Department, and escalated where necessary through the proper reporting 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.
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