REED & MACKAY TRAVEL LIMITED
Company Information
- Company Number
- 00963087
- Registered Address
- Nexus Place, 25 Farringdon Street, London, EC4A 4AF
- Status
- Active
- Employee Count
- 620
- Turnover
- £57,625,000
- EBITDA
- £4,140,000
Additional Details
- Website
- https://www.reedmac.com/
- Company Type
- Private limited Company
- Incorporated On
- 1 October 1969
- Nature of Business
- 79110 - Travel agency activities
- Industries
- Lifestyle And Entertainment,Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Feb 2025 - 31 Jul 2025 | 05 Nov 2025 | 14 | 97% | 3% | 0% | 0% |
| 01 Aug 2024 - 31 Jan 2025 | 17 Mar 2025 | 14 | 97% | 2% | 1% | 0% |
| 01 Apr 2023 - 30 Sept 2023 | 23 Jul 2024 | 14 | 99% | 1% | 0% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 02 Oct 2023 | 14 | 100% | 0% | 0% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 02 Oct 2023 | 14 | 99% | 1% | 0% | 1% |
| 01 Oct 2020 - 31 Mar 2021 | 17 Jun 2021 | 14 | 99% | 1% | 0% | 1% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Jan 2021 | 14 | 98% | 0% | 2% | 2% |
| 01 Oct 2019 - 31 Mar 2020 | 13 Jan 2021 | 14 | 99% | 1% | 0% | 1% |
| 01 Apr 2019 - 30 Sept 2019 | 17 Oct 2019 | 0 | 99% | 1% | 0% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 30 | 98% | 1% | 1% | 2% |
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
The majority of our spend is via the airline Bank Settlement Plan or the Rail Settlement Plan with terms being 1st, 15th of month or every 4 weeks.
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
30
Dispute Resolution Process
This will vary by supplier contract but will typically be resolved through an informal query resolution.
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
REED & MACKAY TRAVEL LIMITED is a leading corporate travel management company based in London, United Kingdom. They offer a wide range of travel services and solutions to corporate clients, including travel planning, booking, and expense management.
The company has a strong focus on sustainability and has implemented several initiatives to reduce its environmental impact. They have a sustainability team that works to promote eco-friendly practices and educate employees on how to be more environmentally conscious. Their sustainability program also includes partnering with eco-friendly suppliers and promoting sustainable travel options to clients.
REED & MACKAY TRAVEL LIMITED offers a variety of products and services to meet the needs of their corporate clients. This includes a comprehensive online booking platform, 24/7 customer support, and personalized travel management services. They also have a dedicated meetings and events team to assist with organizing business events and conferences.
The key people at REED & MACKAY TRAVEL LIMITED include founder and CEO, Fred Stratford, and Managing Director, Andrew Mckay. They have a team of experienced travel consultants and industry experts who work together to provide top-notch service to their clients.
The company's website address is www.reedmackay.com, where clients can access their online booking platform and learn more about their services. Their registered office address is 2nd Floor, 55 Baker Street, London, W1U 8EW, United Kingdom.
In summary, REED & MACKAY TRAVEL LIMITED is a highly reputable corporate travel management company that prides itself on its sustainability efforts and commitment to providing excellent service to its clients. With a dedicated team and a range of innovative solutions, they continue to be a top choice for businesses seeking efficient and sustainable travel solutions.
