GOV.UK
THOMAS COOK GROUP PLC
Company number: 06091951
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 31 October 2018
and approved by William James Scott
Payment statistics
Average time taken to pay invoices: 77 days
Invoices paid:
- within 30 days: 4%
- in 31 to 60 days: 21%
- in 61 days or more: 75%
Invoices due but not paid within agreed terms: 67 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
Thomas Cook Group plc represents the Thomas Cook Group parent company only, i.e. solely the corporate Head Office, and not the consolidated Group. This data therefore relates to less than 1% of all Thomas Cook payments made in the UK.
Standard payment terms are 60 days. The longest contractual payment terms used are 90 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Thomas Cook Group plc represents the Thomas Cook Group parent company only, i.e. solely the corporate Head Office, and not the consolidated Group. This data therefore relates to less than 1% of all Thomas Cook payments made in the UK.
Any other information about payment terms
Thomas Cook Group plc represents the Thomas Cook Group parent company only, i.e. solely the corporate Head Office, and not the consolidated Group. This data therefore relates to less than 1% of all Thomas Cook payments made in the UK.
Dispute resolution process
All invoice queries are dealt with by the Accounts Payable teams that have central helpdesk functions. Disputed items are escalated to appropriate Management as necessary.
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.
Yes
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