| 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 | 17 | 89% | 9% | 2% | 5% |
| 01 Apr 2018 - 30 Sept 2018 | 12 Jun 2019 | 23 | 87% | 8% | 5% | 7% |
This information is as reported by the business, and responses are in their own words.
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
Accounts payable teams work directly with suppliers to resolve any issues. Once resolved, payment is made on the next payment run.
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
Travel 2 Limited is a UK tour operator, incorporated in 1981, whose registered classification covers tour operator activities within travel agency and travel planning services. Its consumer-facing website trades under the name Gold Medal and describes access to over 230 airlines and 100,000 hotel options, offers such as free nights, low deposits from £99 per person, and the ability to book package holidays up to two years in advance. The company is currently in liquidation. Based on the available evidence, its core business was arranging and selling holiday packages, flights and hotel accommodation to travel agents and consumers rather than operating transport services directly.
Generated from the company's website and Companies House records. Sources: travel2.com