Company number: 09361148
and approved by Jonathan Campbell
Average time taken to pay invoices: 44 days
Invoices paid:
Invoices due but not paid within agreed terms: 49%
14 days
90 days
The Company does not have standard payment terms. Payment terms are agreed with suppliers as part of the contract negotiations, with terms usually between 30 and 60 days.
The Company operates 100% in the hospitality industry which were the hardest hit by the COVID 19 pandemic. Due to COVID 19, and the related various travel restrictions and bans enforced by the various governmental body’s countries across the globe, the Company stopped all if its operations in the 2nd Quarter of 2020. The Company had to put in place various measures to manage its working capital during this period. This include negotiating delayed payment terms with suppliers.
This was done through phone calls and re-confirmed by e-mail.
90 days
No further comment provided
N/A
Disputes are resolved through mechanisms set out in underlying suppliers contracts/agreements and negotiations involving the relevant individuals at the Company and the supplier.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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.
Yes
No
No