HAYES JARVIS TRAVEL LIMITED
Company Information
- Company Number
- 00509596
- Registered Address
- Origin One, 108 High Street, Crawley, West Sussex, United Kingdom, RH10 1BD
- Status
- Active
- Employee Count
- 26
- Turnover
- £19,373,000
- EBITDA
- £1,253,000
Additional Details
- Website
- https://travelmood.com/
- Company Type
- Private limited Company
- Incorporated On
- 8 July 1952
- 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
The data shows that the average time taken for HAYES & JARVIS (TRAVEL) LIMITED to pay invoices has remained relatively consistent over the past three periods, with a slight decrease from 45 days to 32 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 37% to 83%. This suggests that the company has made efforts to pay invoices earlier and improve their payment process.
Volatility Analysis
The data also shows that there has been some volatility in the percentage of invoices paid within 30 days, with a significant increase from 25% to 75% in the most recent period. However, there has been a consistent trend of a high percentage of invoices paid between 31 and 60 days, ranging from 32% to 63%. The percentage of invoices paid later than 60 days has also fluctuated, with the highest being 43% in the third period.
Summary Analysis
From the data, it can be seen that HAYES & JARVIS (TRAVEL) LIMITED has improved their payment process over the past three periods. The average time to pay invoices has decreased and there has been an increase in the percentage of invoices paid within 30 days. The company has also consistently paid invoices within the agreed terms, with a shortest (or only) standard payment period of 30 days.
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 | 32 | 83% | 16% | 1% | 17% |
| 01 Apr 2020 - 30 Sept 2020 | 19 Nov 2020 | 50 | 75% | 5% | 22% | 22% |
| 01 Oct 2019 - 31 Mar 2020 | 19 Nov 2020 | 50 | 63% | 15% | 22% | 27% |
| 01 Apr 2019 - 30 Sept 2019 | 06 Nov 2019 | 50 | 27% | 59% | 14% | 47% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 50 | 25% | 32% | 43% | 54% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 45 | 25% | 63% | 12% | 22% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 45 | 37% | 40% | 23% | 35% |
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. Hayes & Jarvis (Travel) Limited standard payment terms are 30 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
Any other information about payment terms
N/A
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.
❌
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.
❌
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
HAYES & JARVIS (TRAVEL) LIMITED is a British travel company that specializes in providing luxury holidays to various destinations around the world. The company was founded in 1952 and is headquartered in London, United Kingdom.
The company offers a wide range of travel products and services, including tailor-made holidays, all-inclusive packages, and escorted tours. They cater to a variety of budgets and interests, from beach getaways to cultural experiences.
HAYES & JARVIS is committed to sustainability and has implemented various programs to reduce their environmental impact. They work closely with their suppliers to promote responsible tourism practices, such as supporting local communities and preserving natural resources. The company also offers sustainable travel options for customers, such as eco-friendly accommodations and carbon offsetting programs.
The key people at HAYES & JARVIS include Managing Director, Niel Alobaidi, and Head of Product and Quality, Louise Newton. They lead a team of experienced travel experts who are passionate about creating unforgettable holiday experiences for their customers.
To book a holiday or inquire about their services, customers can contact HAYES & JARVIS through their website: www.hayesandjarvis.co.uk. The registered office address is 203-206 High Holborn, London, WC1V 7DN, United Kingdom.
In conclusion, HAYES & JARVIS (TRAVEL) LIMITED is a reputable travel company that offers luxury holidays while promoting sustainable tourism practices. With their experienced team and wide range of travel options, they are a top choice for British travelers looking for a memorable and responsible holiday experience.
