TRAVELBAG LIMITED
Company Information
- Company Number
- 01434872
- Registered Address
- Lancaster House, Centurion Way, Leyland, Lancashire, United Kingdom, PR26 6TX
- Status
- Active
- Employee Count
- 122
- Turnover
- £74,893,000
- EBITDA
- -£3,362,000
Additional Details
- Website
- https://www.travelbag.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 4 July 1979
- Nature of Business
- 79120 - Tour operator activities
- Industries
- Travel And Transportation
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
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 Oct 2018 - 31 Mar 2019 | 12 Jun 2019 | 16 | 90% | 8% | 2% | 5% |
| 01 Apr 2018 - 30 Sept 2018 | 12 Jun 2019 | 17 | 93% | 5% | 2% | 5% |
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
Flights and cruises are paid for upfront. Ground invoices are paid up to 30 days upon the customer arriving at their destination. Overhead invoices are paid on 30 days of invoice date.
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
60
Dispute Resolution Process
Accounts payable teams work directly with suppliers to resolve any issues. Once resolved, payment is made on the next payment run.
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.
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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?
❌
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
Travelbag Limited is a UK-based travel company that offers a wide range of services to customers, including flights, accommodation, and holiday packages. The company was founded in 1979 and has since grown to become a leading player in the travel industry.
Sustainability is an important aspect of Travelbag Limited's operations, and the company has implemented various measures to reduce its environmental impact. This includes promoting eco-friendly travel options, such as carbon offsetting for flights, and partnering with sustainable hotels and tour operators.
One of the company's key products is its holiday packages, which offer customers the convenience of booking flights, accommodation, and activities all in one place. These packages are customizable to suit individual preferences and budgets. Travelbag Limited also offers a variety of flight options, from budget airlines to premium carriers, to cater to different customer needs.
The company is led by a team of experienced and knowledgeable professionals, including CEO Chris Mottershead and Managing Director Paul Hopkinson. They are committed to providing customers with the best travel experience and continuously improving the company's sustainability efforts.
To contact Travelbag Limited, customers can visit their website at www.travelbag.co.uk or call their customer service hotline at +44 203 139 7577. The company's registered office address is at 4th Floor, 4 Brindley Place, Birmingham, B1 2HZ, UK.
In summary, Travelbag Limited offers a wide range of travel services with a strong focus on sustainability. With their commitment to providing customers with the best travel experience and their efforts towards reducing their environmental impact, they continue to be a trusted and reputable player in the travel industry.
