THOMAS COOK UK LIMITED
Company Information
- Company Number
- 02631252
- Registered Address
- C/O Alixpartners Uk Llp, 6 New Street Square, London, EC4A 3BF
- Status
- Liquidation
- Employee Count
- 1,226
- Turnover
- £139,268,000
- EBITDA
- £11,538,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 July 1991
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time of 32 days for THOMAS COOK UK LIMITED suggests a tendency to pay just outside standard 30-day terms. While 64% of payments are within 30 days, the consistent 38% late payment rate indicates a recurring pattern of minor delays beyond agreed-upon schedules.
Volatility Analysis
There is significant volatility in payment timing, with 25% of payments extending beyond 60 days, demonstrating a substantial risk of severe and unpredictable delays. This, coupled with an additional 11% paid between 31-60 days, highlights a lack of consistent adherence to payment terms and poses a notable risk to supplier cash flow predictability.
Summary Analysis
Suppliers should exercise caution when dealing with THOMAS COOK UK LIMITED due to the high likelihood of late payments, including a significant portion exceeding 60 days. Key decision factors should include the potential impact of these extended delays on the supplier's working capital and operational planning. To mitigate risk, consider implementing stricter payment terms, reducing initial credit limits, or requiring partial upfront payments for larger orders.
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 | 01 May 2019 | 30 | 71% | 7% | 22% | 33% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 32 | 64% | 11% | 25% | 38% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 32 | 67% | 10% | 23% | 43% |
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
Standard payment terms are 60 days. The longest contractual payment terms used are 90 days. There have been no changes to standard payment terms in the reporting period. Property rental invoices are paid on English or Scottish Quarter days and Council tax invoices are paid by direct debit.
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
90
Dispute Resolution Process
All invoice queries are dealt with by the Accounts Payable teams that have central helpdesk functions. Disputed items are escalated to appropriate Management as necessary.
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?
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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
Company Summary
THOMAS COOK UK LIMITED is a private limited company that operated within the UK travel and tourism sector. The company's name indicates its specialisation in providing travel-related services.
Incorporated on 22 July 1991, THOMAS COOK UK LIMITED is registered in London with company number 02631252. Its registered office is located at C/O Alixpartners Uk Llp, 6 New Street Square, London, EC4A 3BF. The company is currently in liquidation.
As a private limited company operating in the travel sector, such an organisation in the UK market would typically offer a range of services. These commonly include booking holiday packages, flights, hotel accommodation, and facilitating other travel arrangements for consumers.
