Company number: 00965389
and approved by Garry Adam
Average time taken to pay invoices: 50 days
Invoices paid:
Invoices due but not paid within agreed terms: 40%
7 days
60 days
normal policy is 30 days after the date of the invoice, however sometimes there are exceptions.
Due to the COVID pandemic, the tourism industry that we operate in effectively closed down overnight. Therefore to preserve cashflow we delayed payments to suppliers.
We contacted them by email or telephone to explain the situation.
60 days
No further comment provided
N/A
If we have any disputes then these are usually dealt with within a 14 day period. The first point is to acknowledge the dispute and then try to work through it as quickly and effectively as possible. Because of COVID and people on Furlough then we have tried to ensure everything is dealt within a 30 day window.
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.
No
No
No