Score of 86/100 qualifies for PaymentCheck Certification
| 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 2024 - 30 Jun 2024 | 29 Jul 2024 | 21 | 79% | 17% | 4% | 14% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 22 | 79% | 16% | 5% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 23 | 79% | 14% | 7% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 20 | 83% | 12% | 5% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 21 | 80% | 14% | 6% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 24 | 71% | 20% | 9% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 23 | 71% | 27% | 2% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 20 | 82% | 17% | 1% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 21 | 78% | 21% | 1% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 19 | 82% | 17% | 1% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Template contractual payment terms are to pay invoices at the end of the next month following date of receipt of a valid invoice.
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
120
Disputes referred to senior member of Procurement team in the first instance then escalated as relevant / necessary, up to the Chief Procurement Officer then the Chief Financial Officer.
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
SIX CONTINENTS LIMITED, a British multinational hospitality company, operates in over 100 countries worldwide. The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact.
Their sustainability program includes reducing carbon emissions, conserving water and energy, and implementing sustainable sourcing practices. The company also partners with local communities to support environmental conservation and social development projects.
SIX CONTINENTS LIMITED offers a range of products and services, including hotels, restaurants, and bars under the brands InterContinental, Holiday Inn, and Crowne Plaza. They also provide event planning and management services through their subsidiary, IHG Meetings and Events.
The key people at SIX CONTINENTS LIMITED include CEO Keith Barr and Chairman Patrick Cescau. The company's registered office address is Broadwater Park, Denham, Buckinghamshire, UB9 5HR, United Kingdom.
For more information on the company's sustainability efforts, products, and services, visit their website at www.ihgplc.com.