| 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 Nov 2018 - 30 Apr 2019 | 29 Jul 2019 | 27 | 69% | 25% | 6% | 21% |
| 01 Nov 2017 - 28 Jun 2018 | 28 Jun 2018 | 28 | 71% | 23% | 6% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Hotelplan’s standard payment terms state that payment of third party invoices for goods and services will be made within 30 days of receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed in writing by a duly authorised representative.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
Hotelplan endeavour to resolve all disputes in a fair and timely manner with their valued partners. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the dedicated accounts payable team with the option of a further review by the CFO should the supplier remain dissatisfied.
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
Hotelplan Limited is a UK registered company whose Companies House classification is tour operator activities. It was incorporated in 1939 and has traded under earlier names, first as F. & W. Ingham Limited and later as Inghams Travel Limited, before adopting its current name. The company is registered in England, with its office in Farnborough. No further detail on its current trading operations, products or services is provided in the available records beyond its classification as a tour operator. Based on the Companies House data alone, it appears to operate within the travel and tour sector, consistent with its Standard Industrial Classification code for tour operator activities.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk