ACCOR UK BUSINESS LEISURE HOTELS LIMITED
Company Information
- Company Number
- 01016187
- Registered Address
- 10 Hammersmith Grove, London, England, W6 7AP
- Status
- Active
- Employee Count
- 1,558
- Turnover
- £241,625,000
- EBITDA
- £27,303,000
Additional Details
- Website
- https://hotelsnet.net/
- Company Type
- Private limited Company
- Incorporated On
- 30 June 1971
- Nature of Business
- 55100 - Hotels and similar accommodation
- Industries
- Lifestyle And Entertainment,Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for ACCOR UK BUSINESS & LEISURE HOTELS LIMITED has generally increased over the past three periods, with the exception of a decrease in 2021. However, the percentage of invoices paid within 30 days has also increased in 2021, potentially indicating a focus on improving timely payments.
Volatility Analysis
The data shows some volatility in the percentage of invoices paid later than 60 days, with the highest percentage being 67% in the period of 2020-07-01 to 2020-12-31. This could suggest some inconsistency in payment practices during that time.
Summary Analysis
From 2018 to 2022, the average time to pay for ACCOR UK BUSINESS & LEISURE HOTELS LIMITED increased from 42 days to 49 days. The percentage of invoices paid within 30 days has also fluctuated, with a low of 10% in 2020 and a high of 24% in 2022. The percentage of invoices paid between 31 and 60 days has remained relatively stable, ranging from 58% to 71%. The highest percentage of invoices paid later than 60 days was 25% in 2020, while the lowest was 8% in 2018, 2019, and 2021. The shortest standard payment period has remained consistent at 43 days throughout the analyzed periods.
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 Jan 2022 - 30 Jun 2022 | 11 Aug 2022 | 49 | 24% | 64% | 12% | 40% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Mar 2022 | 56 | 12% | 65% | 23% | 59% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Mar 2022 | 79 | 12% | 44% | 44% | 81% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 83 | 10% | 23% | 67% | 84% |
| 01 Jan 2020 - 30 Jun 2020 | 06 Aug 2020 | 54 | 17% | 58% | 25% | 60% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 45 | 20% | 72% | 8% | 42% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 46 | 22% | 68% | 10% | 42% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 44 | 21% | 71% | 8% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 42 | 33% | 59% | 8% | 32% |
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
All invoices accounted on the purchase ledger at the closing of month M are paid through a single centralised payment around the 13th of month M+1. The cut off date to account for invoices is the 25th of month M. As a consequence, given our payment practices, our standard payment terms negotiated with nominated suppliers is 43 days average. For non referenced suppliers, each hotels are negotiating individually payment deadlines (no standard – but non-significant as only 15% of the purchases are done through non nominated suppliers). These suppliers will be paid as described above. However, some suppliers have different payment terms : - EDF (14days), Total (14d) water supplier for Scotland (30d) : these suppliers are paid by direct debit - Rent : depending on the contract. Always paid on due date. Mainly 1st day of each quarter (or alternatively last day of the previous quarter if the 1st day of the quarter is not a working day) - Management Fees paid to AccorHotels : 30days (paid the last day of the month) - Business rates : paid by direct debit - TA Commissions : manual payment for Booking.com performed on the 20th of each month related to previous month; direct debit for Fastcom on a weekly basis - Barclaycard: paid by direct debit round the 10th of each month
Were there any changes to the standard payment terms in the reporting period?
Yes – Following the crisis of the Covid 19, we have been negotiating payment delays with our suppliers and our landlords . We started to revert progressively back to our normal terms. The accounting Centre team was following up with suppliers the situation and organize payment when necessary .
Any other information about payment terms
N/A
Maximum contractual payment period agreed
43
Dispute Resolution Process
In case of complaints or disputes, suppliers can contact our accounting team generic email address : accounts.uk@accorinvest.com. The team will deal with the requests and inform shortly the supplier of the outcome: either the payment can be made, or it needs an extra validation by the hotel General Manager. When the payment is validated we organise every Wednesday a manual 3 day payments. If the request is extremely urgent we can organise exceptionally same day manual payments.
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
ACCOR UK BUSINESS & LEISURE HOTELS LIMITED is a leading hotel group in the UK, offering a wide range of hospitality services to business and leisure travelers. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company's sustainability program focuses on four key areas: reducing energy and water consumption, promoting responsible food and beverage practices, managing waste effectively, and supporting local communities. ACCOR UK has also introduced a Green Key certification for its hotels, which recognizes their efforts towards sustainability.
Their portfolio includes well-known hotel brands such as Novotel, Ibis, Mercure, and Sofitel, offering a variety of services and amenities to cater to different needs and budgets. The company also offers meeting and event spaces, as well as loyalty programs for frequent guests.
The key people at ACCOR UK include its CEO, Thomas Dubaere, and the Managing Director, Jean-Philippe Claret. The company's registered office address is 2nd Floor, 40 Bernard Street, London, WC1N 1LE. Their website, www.accor.com, provides information on their hotels, services, and sustainability efforts.
In summary, ACCOR UK BUSINESS & LEISURE HOTELS LIMITED is a leading hotel group in the UK, with a strong commitment to sustainability. Their range of services and products cater to both business and leisure travelers, and their key people are dedicated to providing exceptional hospitality.
