RITZ HOTEL (LONDON) LIMITED(THE)
Company Information
- Company Number
- 00064203
- Registered Address
- 150 Piccadilly, London, W1V 9DG
- Status
- Active
- Employee Count
- 406
- Turnover
- £36,094,000
- EBITDA
- -£5,543,000
Additional Details
- Website
- https://theritzlondon.com/
- Company Type
- Private limited Company
- Incorporated On
- 17 November 1899
- Nature of Business
- 55100 - Hotels and similar accommodation
- Industries
- Lifestyle And Entertainment,Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 30 | 56% | 42% | 2% | 44% |
| 01 Jan 2024 - 30 Jun 2024 | 16 Jul 2024 | 29 | 59% | 40% | 1% | 41% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 30 | 56% | 42% | 2% | 44% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 32 | 46% | 52% | 2% | 54% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 33 | 63% | 32% | 5% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 46 | 23% | 61% | 16% | 77% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 40 | 36% | 53% | 11% | 64% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payments are made within 30 days following the month in which the invoice is dated.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment data has been calculated based on the invoice date and not date received. Payments are made to suppliers on monthly basis.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Payment disputes and queries are generally raised via telephone or email and initially dealt with by Accounts Payable. This is further escalated to Director of Finance/Financial Controller and the General Manager in case of disagreement.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
RITZ HOTEL (LONDON) LIMITED is a luxury hotel located in the heart of London, known for its opulent accommodations and exceptional service. The hotel offers a range of services and facilities to cater to the needs of its discerning guests.
One of the key aspects of RITZ HOTEL's operations is their commitment to sustainability. The hotel has implemented various initiatives to reduce their environmental impact, such as using energy-efficient lighting and appliances, sourcing locally produced food and implementing recycling programs. They also support local charities and initiatives to give back to the community.
The hotel offers a variety of products and services, including luxurious rooms and suites, fine dining restaurants, a spa and wellness center, and event spaces for weddings and conferences. Guests can also enjoy traditional afternoon tea at the hotel's renowned Palm Court.
The key people behind RITZ HOTEL's success include their General Manager, Craig Treharne, and Executive Chef, John Williams MBE. They lead a team of dedicated staff who strive to provide guests with an unforgettable experience.
For more information about RITZ HOTEL (LONDON) LIMITED and their services, visit their website at www.theritzlondon.com. Their registered office address is 150 Piccadilly, London, W1J 9BR. Whether for business or leisure, RITZ HOTEL promises a luxurious and sustainable stay in the heart of London.
