SIX CONTINENTS LIMITED

PaymentCheck Score 2024
86Good
1.0vs last year
#1453 in UK
#239 in South East

Company Information

Company Number
00913450
Registered Address
1 Windsor Dials, Arthur Road, Windsor, Berkshire, England, SL4 1RS
Status
Active
Employee Count
401
Turnover
£155,000,000
EBITDA
£45,000,000

Additional Details

Company Type
Private limited Company
Incorporated On
17 August 1967
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Professional Services
Region
South East

Time to Pay

Average Time to Pay
21 days
Shortest Period:45 days
Longest Period:0 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
79%
31-60 Days
17%
After 60 Days
4%
Not Paid Within Terms14%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202429 Jul 20242179%17%4%14%
01 Jul 2023 - 31 Dec 202331 Jan 20242279%16%5%17%
01 Jan 2023 - 30 Jun 202326 Jul 20232379%14%7%13%
01 Jul 2022 - 31 Dec 202226 Jan 20232083%12%5%14%
01 Jul 2021 - 31 Dec 202128 Jan 20222180%14%6%15%
01 Jan 2021 - 30 Jun 202123 Jul 20212471%20%9%13%
01 Jan 2020 - 30 Jun 202030 Jul 20202371%27%2%13%
01 Jul 2019 - 31 Dec 201928 Jan 20202082%17%1%15%
01 Jan 2019 - 30 Jun 201925 Jul 20192178%21%1%13%
01 Jan 2018 - 30 Jun 201830 Jul 20181982%17%1%24%

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

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

Dispute Resolution Process

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.

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

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.

Financial Metrics

Cash
£668,000,000
Net Worth
£1,383,000,000
Total Current Assets
£1,914,000,000
Total Current Liabilities
£8,249,000,000

Company Location