Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2020 - 30 Jun 2020 | 27 Jul 2020 | 50 | 20% | 60% | 20% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 35 | 80% | 15% | 5% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 28 | 85% | 15% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 26 | 80% | 19% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
normal policy is 30 days after the date of the invoice, however sometimes there are exceptions.
Were there any changes to the standard payment terms in the reporting period?
Due to the COVID pandemic, the tourism industry that we operate in effectively closed down overnight. Therefore to preserve cashflow we delayed payments to suppliers.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
If we have any disputes then these are usually dealt with within a 14 day period. The first point is to acknowledge the dispute and then try to work through it as quickly and effectively as possible. Because of COVID and people on Furlough then we have tried to ensure everything is dealt within a 30 day window.
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
VACATION RENTALS (UK) LTD is an active private limited company, incorporated on 4 November 1969, based in the East of England region. Registered business activity: Other accommodation.
From Companies House records.