BRIGHTSUN TRAVEL (UK) LIMITED
Company number: 02024271
Reporting period:
1 April 2024 to 30 September 2024
Report filed on:
20 February 2025
Approved by:
Deepak Nangla
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
30 days
Standard payment terms
The largest financial settlement,which is with IATA BSP, occursevery fortnight. For othersmaller supplier invoices, weoperate on a 30-day credit term,but we make sure to pay by the25th day of the term
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The resolution process isstraightforward. The Brightsunreconciliation team first reviewsthe contract and its terms. Theback office team then reports toEddie Dsouza who is theFinancial Controller. After this,the supplier is informed of thereason for the dispute. We holdmeetings to explain the disputein detail and attempt to resolveit amicably. If the disputeremains unresolved, it isescalated to our ManagingDirector, Mr. Deepak Nangla, forprompt resolution.
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