Score of 83.3/100 qualifies for PaymentCheck Certification
The average time for CHANNEL TUNNEL GROUP LIMITED(THE) to pay invoices to suppliers has generally remained consistent over the past three years. However, there has been a slight decrease in the average time to pay in 2019 compared to 2018, and a slight increase in 2021 compared to 2020.
The percentage of invoices paid within 30 days has remained consistent at around 80-85%, with a slight decrease in 2021. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days, with a decrease in 2020 and an increase in 2021. The percentage of invoices paid later than 60 days has also shown some volatility, with a decrease in 2019 and 2020, followed by an increase in 2021.
| 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 Jul 2025 - 31 Dec 2025 | 03 Jun 2026 | 32 | 81% | 15% | 4% | 21% |
| 01 Jan 2025 - 30 Jun 2025 | 03 Jun 2026 | 34 | 80% | 14% | 6% | 20% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 26 | 87% | 11% | 2% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 19 Aug 2024 | 28 | 83% | 12% | 5% | 21% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 27 | 83% | 14% | 3% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 26 | 85% | 13% | 2% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 27 | 84% | 13% | 3% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Aug 2022 | 28 | 83% | 14% | 3% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 30 | 80% | 15% | 5% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 31 | 82% | 12% | 6% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 30 | 84% | 10% | 6% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 26 | 88% | 9% | 3% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 24 | 89% | 9% | 2% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 27 | 81% | 16% | 3% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 30 | 75% | 22% | 3% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 27 | 75% | 22% | 3% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are to pay suppliers within 30 days date of invoice, assuming that the invoice is sent immediately to the Accounts Payable Dpt, quoting a valid PO and that goods or services are delivered in accordance with the purchase order. However payment terms may be negotiated on a case by case basis depending on the commercial situation. Pay-runs are processed once a week and include any item due before the next payment run 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
Disputes are handled by the manager of the contract with the support of the Procurement Department and Legal Department if necessary.
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
The Channel Tunnel Group Limited, incorporated in 1984 and registered in Folkestone, Kent, is the entity behind the Channel Tunnel shuttle service, now trading under the brand LeShuttle, formerly styled Eurotunnel. It operates train shuttle crossings between Folkestone and Calais through the Channel Tunnel, carrying cars, motorcycles, coaches and other vehicles along with passengers. The service offers various ticket types including standard, short stay and Flexiplus options, with journeys taking around 35 minutes. Additional features include a membership scheme offering discounts and partner offers, facilities for travelling with pets, and terminals at both Folkestone and Calais. The company positions itself as a fast and convenient alternative to ferry crossings for travel between the UK and France.
Generated from the company's website and Companies House records. Sources: eurotunnel.com · eurotunnel.com