Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
SUNSAIL WORLDWIDE SAILING LIMITED exhibits a consistent trend of slow payments, with 58% of invoices paid over 60 days and an average payment time of 60 days. This indicates a strong trajectory towards extended payment cycles rather than prompt settlement, as only 24% of payments are received within 30 days.
The payment data indicates low reliability and predictability for timely settlement, as 58% of payments are consistently late. This high proportion of overdue invoices presents a significant risk factor for a supplier's cash flow planning. Suppliers should anticipate extended waiting periods and potential payment uncertainties when dealing with this company.
Overall, a highly cautious approach is recommended when extending credit due to the high probability of late payments and significant cash flow impact. Key decision factors include the 58% late payment rate and average payment time aligning with the longest bracket. Suppliers should consider strict payment terms, requesting upfront deposits, or credit insurance to mitigate risks effectively.
| 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 Apr 2021 - 30 Sept 2021 | 14 Nov 2021 | 60 | 35% | 20% | 45% | 45% |
| 01 Oct 2020 - 31 Mar 2021 | 14 Nov 2021 | 60 | 24% | 18% | 58% | 58% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 60 | 19% | 20% | 61% | 61% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Oct 2020 | 35 | 36% | 34% | 30% | 30% |
| 01 Apr 2019 - 30 Sept 2019 | 05 Nov 2019 | 35 | 84% | 13% | 3% | 19% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 35 | 71% | 14% | 15% | 29% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 35 | 74% | 16% | 10% | 14% |
| 01 Oct 2017 - 31 Mar 2018 | 27 Apr 2018 | 35 | 75% | 16% | 9% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payments are prepared twice monthly and approved supplier invoices are paid according to payment due dates on the vendor master data. The payment due date is calculated from the invoice date.
Were there any changes to the standard payment terms in the reporting period?
Payment terms were changed from 30 days to 60 days
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
The Company is committed to dealing with its suppliers in a fair, honest and professional manner and as close to contractual terms as we possibly can. We do our utmost to resolve queries quickly and to everyone’s satisfaction. It is important to us that there is no negative impact on our customers experience and our supplier relationships are essential in delivering the first class services our customers expect. A close working relationship and good payment performance is paramount in our business.
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
Sunsail Worldwide Sailing Limited is registered under SIC codes covering the renting and leasing of passenger water transport equipment and travel agency activities. Its associated online service, Sunsail Provisioning, allows customers to order food and drink packages ahead of yacht charters, so that vessels are stocked before departure. This indicates the company operates within yacht chartering and related travel arrangements, supporting customers who book sailing holidays. The evidence does not detail wider group structure or additional services beyond charter provisioning and booking support. The company remains an active registered entity based in Surbiton, United Kingdom.
Generated from the company's website and Companies House records. Sources: store.sunsail.com