LEISUREPLEX HOTELS LIMITED
Company number: 01802065
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
14 May 2024
Approved by:
Emma Russell
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 53%
- in 61 days or more: 13%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 24%
Payment terms
Shortest standard payment periods
56 days
Longest standard payment period
Answer not provided
Standard payment terms
Main payment run on the 20th of the month for invoices from the previous 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
56 days
Main payment run on the 20th of the month for invoices from the previous month
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoice queries are initially dealt with between the purchase ledger supervisor and the relevant contact at the supplier. Where necessary, input is taken from the relevant operational teams. Should the query not be resolved and a dispute arises, this would then be escalated to the financial controller initially who would engage with their equivalent at the supplier. Further escalations may also occur, first to the Head of Finance and ultimately the Managing Director should they be of sufficient magnitude or operational importance
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