FOREST HOLIDAYS LIMITED
Company number: 08159308
Reporting period:
1 April 2023 to 30 September 2023
Report filed on:
29 April 2024
Approved by:
Michael Graham
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 34%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 31%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
Forest Holidays Limited operates a default generic payment terms of 30 days for trade suppliers unless otherwise agreed prior to engagement. Some suppliers are on 7 and 14 day terms respectively from the invoice date, with the longest payment terms 45 days from the end of the month.
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
45 days
Maximum contractual payment terms is 45 days from the end of the month.
Any other information about payment terms
No further comment provided
Dispute resolution process
To ensure that disputes are resolved promptly, and payments are made within terms, the supplier should ensure they have an approved purchase order for the goods or services supplied. The invoices should be sent to the Purchase Ledger team at Accounts, Bath Yard, Bath Lane, Moira, Derbyshire, DE12 6BA or electronically to accounts@forestholidays.co.uk.
Should a dispute arise the supplier should contact the Purchase Ledger team via email on accounts@forestholidays.co.uk. When contacting the team, to ensure they can resolve the issue promptly, the supplier should detail the invoice number, PO Number, the amount payable and details of any contact they have had with the person placing the order with regards to the dispute. The Purchase Ledger team aim to clear all disputes within 10 working days of the receipt of the query.
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.
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