SPECIALIST HOLIDAYS (TRAVEL) LIMITED
Company Information
- Company Number
- 00446617
- Registered Address
- 4th Floor, West Point, Springfield Road, Horsham, West Sussex, England, RH12 2PD
- Status
- Active
- Employee Count
- 69
- Turnover
- £42,979,000
- EBITDA
- £1,055,000
Additional Details
- Website
- https://www.citalia.com/
- Company Type
- Private limited Company
- Incorporated On
- 15 December 1947
- Nature of Business
- 79110 - Travel agency activities
- Industries
- Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
SPECIALIST HOLIDAYS (TRAVEL) LIMITED exhibits a consistent payment pattern, with 62% of invoices settled within 30 days and a significant 37% within the 31-60 day window. The average payment time of 33 days indicates a slight tendency to pay just after the 30-day mark, but within a predictable timeframe.
Volatility Analysis
Payment performance shows high predictability and low volatility, as 99% of payments are completed within 60 days. With only 1% of payments classified as late or exceeding 60 days, suppliers can reliably anticipate settlement within a defined 30-60 day period, minimizing unexpected delays.
Summary Analysis
SPECIALIST HOLIDAYS (TRAVEL) LIMITED is a reliable payer, consistently settling invoices within a predictable 30-60 day window. Suppliers can proceed with confidence, but should factor the 33-day average into their cash flow projections and consider offering 45-day credit terms to align with observed payment patterns.
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 Oct 2020 - 31 Mar 2021 | 16 Apr 2021 | 33 | 62% | 37% | 1% | 1% |
| 01 Apr 2020 - 30 Sept 2020 | 19 Nov 2020 | 50 | 87% | 5% | 8% | 8% |
| 01 Oct 2019 - 31 Mar 2020 | 19 Nov 2020 | 50 | 41% | 16% | 43% | 53% |
| 01 Apr 2019 - 30 Sept 2019 | 06 Nov 2019 | 50 | 33% | 53% | 14% | 36% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 50 | 42% | 49% | 9% | 32% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 50 | 26% | 70% | 4% | 10% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 45 | 43% | 36% | 21% | 32% |
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
Creditors are paid weekly with payment runs paying invoices approved and due up to the payment date. This results in suppliers being paid for invoices both before and after the 30-60 days terms. Specialist Holidays (Travel) Limited standard payment terms are 30-60 days from receipt of invoice (not date of invoice) on normal qualifying contracts unless specifically agreed or net monthly. We have several suppliers who offer differing payment terms and we do our best to accommodate these for UK and non UK suppliers. Creditors send invoices by email throughout the month. The business handles invoices through OCR and workflow technology with a high proportion of invoices being matched to purchase orders or being approved by managers using online approval workflow and authorisation matrices.
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
60
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner and as close to contractual terms as we possibly can. We do our utmost to resolve queries quickly and to everyone’s satisfaction. It is important to us that there is no negative impact on our customers experience and our supplier relationships are essential in delivering the first class services our customers expect. A close working relationship and good payment performance is paramount in our business. Suppliers generally email their invoices to dedicated email addresses where they are scanned by our OCR system for processing and matching to purchase orders. The Accounts Payable Executives and Team Leader work closely with our suppliers and departments to understand why an invoice is not approved or not yet paid. Every effort is made to ensure the invoice is included in the next payment run. If a cost of sale invoice exceeds the expected cost based on contract rates, a deduction advice is raised and sent to the supplier by email before the invoice is paid. If the supplier disagrees with the calculation this will generally be investigated and resolved before the invoice is paid.
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
Company Summary
SPECIALIST HOLIDAYS (TRAVEL) LIMITED is an active private limited company operating within the travel and holiday sector. Its name indicates a focus on specialist holiday offerings and travel arrangements.
Registered in England and Wales under company number 00446617, the company was incorporated on 15 December 1947. Its registered office is located in Horsham, West Sussex, placing its operations within the South East of England.
Companies of this nature typically specialise in arranging and facilitating travel experiences for customers. This often includes offering bespoke or niche holiday packages, booking flights and accommodation, and providing comprehensive travel arrangements tailored to specific interests or destinations within the UK market.
