INTERPUB LIMITED demonstrates a strong trend of timely payments, with an average payment time of 30 days and 76% of invoices settled within this period. While 20% of payments extend to 31-60 days, the minimal 2% going over 60 days indicates a generally predictable and favorable payment trajectory for suppliers.
The company exhibits good reliability, with a high proportion of invoices (76%) paid within 30 days, suggesting predictable cash flow for suppliers. The 20% of payments falling into the 31-60 day range introduces a moderate level of variability that suppliers should anticipate in their financial planning. However, the very low 2% late payment rate (over 60 days) suggests minimal risk of extreme payment delays or significant delinquency.
Overall, INTERPUB LIMITED represents a low-to-moderate risk partner for suppliers, primarily due to its strong on-time payment record and 30-day average. Suppliers should factor in the potential for 20% of payments to extend up to 60 days, and may consider clear invoice follow-up or early payment terms to manage this variability.
| 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 |
|---|---|---|---|---|---|---|
| 30 Apr 2019 - 30 Sept 2019 | 23 Oct 2019 | 30 | 76% | 20% | 2% | 2% |
| 01 Oct 2018 - 29 Apr 2019 | 29 Apr 2019 | 30 | 77% | 19% | 2% | 3% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 30 | 76% | 21% | 3% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days from end of Month of 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
45
Accounts Payable Manager Contacts the Company with details of any dispute or query.
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
Interpub Limited trades as Interpub plc, operating under the St Christopher's Inns and Belushi's brands. The company owns and runs backpacker hostels across the UK and Europe, each typically attached to a Belushi's late-night bar or a St Christopher's Inn traditional English pub, along with a number of budget hotels. Sites operate in London, Edinburgh, Bath, Newquay, Brighton, Amsterdam, Bruges, Berlin and Paris, offering affordable accommodation for travellers alongside bar and pub premises. The business began with a single Covent Garden bar in 1994 and a Southwark hostel in 1996, expanding into a multi-site, multinational operation across accommodation and hospitality venues.
Generated from the company's website and Companies House records. Sources: interpub.co.uk · interpub.co.uk