CLARIDGES HOTEL LIMITED
Company Information
- Company Number
- 00029022
- Registered Address
- 27 Knightsbridge, London, United Kingdom, SW1X 7LY
- Status
- Active
- Employee Count
- 678.0
- Turnover
- 98138000.0
- EBITDA
- 29594000.0
Additional Details
- Website
- https://claridges.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 28 May 1889
- Nature of Business
- 55100 - Hotels and similar accommodation
- Industries
- Travel And Transportation
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 47 | 15% | 76% | 10% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 51 | 13% | 66% | 21% | 57% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 44 | 25% | 68% | 7% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Aug 2022 | 47 | 15% | 72% | 12% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Mar 2022 | 51 | 14% | 67% | 19% | 56% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 47 | 15% | 72% | 13% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 56 | 12% | 71% | 17% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 51 | 16% | 61% | 23% | 39% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 45 | 21% | 71% | 8% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 47 | 16% | 75% | 8% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 45 | 24% | 68% | 8% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Aug 2018 | 52 | 8% | 81% | 11% | 26% |
Company Summary
Claridge's Hotel Limited is a luxury hotel company based in London, United Kingdom
The company was established in 1856 and has been known for its opulent and elegant atmosphere, attracting high-end clientele from around the world
The hotel offers a wide range of services, including exquisite dining options, luxurious accommodations, and personalized services to cater to the needs of their guests
They also have a sustainability program in place, focusing on reducing their environmental impact and promoting responsible practices
This includes initiatives such as energy and water conservation, waste reduction, and sourcing local and sustainable products
The hotel is managed by a team of key people, including the General Manager Paul Jackson and Executive Chef Martyn Nail, who have been instrumental in maintaining the hotel's reputation as a top luxury destination
The company also has a dedicated team of staff who ensure that guests have a memorable and comfortable stay
For more information on Claridge's Hotel Limited, including room reservations and event bookings, interested parties can visit their website at www.claridges.co.uk
The registered office address for the company is Brook Street, Mayfair, London W1K 4HR, United Kingdom
Company Review
Trend Analysis
The average time taken for CLARIDGE'S HOTEL LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in the first period, an increase in the second period, and a slight decrease in the third period. However, the overall trend shows that the company takes an average of 47 days to pay invoices, with some periods showing a longer payment time than others.
Volatility Analysis
The volatility in CLARIDGE'S HOTEL LIMITED's payment time can be seen in the varying percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The company has shown some improvement in paying invoices within 30 days, with the percentage increasing from 8% in the first period to 15% in the third period. However, there is also volatility in the percentage of invoices paid later than 60 days, with a high of 23% in the fifth period and a decrease to 10% in the seventh period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are 30 days following the end of the month of the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Our payment terms are based on the invoice date and not the date that the invoice is received.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Payment disputes and queries are dealt with by the Accounts Payable Executive in the Finance Department who will liaise with the Purchasing Department or other relevant departments. Failing a successful resolution, the dispute will be escalated to the Assistant Financial Controller, Group Financial Controller or General Manager.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
