FRED. OLSEN CRUISE LINES LIMITED
Company Information
- Company Number
- 02672435
- Registered Address
- 2nd Floor, 36 Broadway, London, England, SW1H 0BH
- Status
- Active
- Employee Count
- 1,906
- Turnover
- £159,801,000
- EBITDA
- -£98,030,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 December 1991
- Nature of Business
- 50100 - Sea and coastal passenger water transport
- Industries
- Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 04 Jul 2024 | 25 | 84% | 11% | 5% | 40% |
| 01 Jul 2023 - 31 Dec 2023 | 10 Jan 2024 | 25 | 87% | 10% | 3% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Jul 2023 | 25 | 85% | 12% | 3% | 39% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Jan 2023 | 27 | 80% | 15% | 5% | 48% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 27 | 74% | 23% | 3% | 57% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Jul 2021 | 26 | 83% | 13% | 3% | 58% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Jan 2021 | 33 | 70% | 18% | 12% | 71% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Jul 2019 | 23 | 87% | 11% | 2% | 31% |
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
30 days
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
Fred. Olsen Cruise Lines employs a Purchase Ledger Controller who is the first point of contact should a supplier want to query or resolve an issue regarding invoice payment. Contact can be made via telephone Monday to Friday 9am to 5pm or via email. Phone calls are usually answered immediately and the dedicated purchase ledger mailbox is monitored on a daily basis with target response times within 2 working days. If an invoice dispute is in relation to the supply of goods or services, direct contact is established between the department responsible for the order and the supplier.
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.
❌
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.
❌
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.
❌
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
FRED. OLSEN CRUISE LINES LIMITED is a UK-based cruise company that offers a variety of cruise experiences to destinations around the world. The company is committed to sustainability and has implemented several initiatives to reduce their environmental impact.
Their sustainability program, called "Green Horizons," focuses on reducing waste, conserving energy, and promoting responsible tourism practices. This includes recycling onboard, using energy-efficient lighting and equipment, and partnering with local communities to support sustainable development.
FRED. OLSEN CRUISE LINES LIMITED offers a range of products and services, including traditional ocean cruises, river cruises, and expedition cruises. They also have a variety of onboard activities and entertainment options, as well as shore excursions to explore the destinations visited.
The key people at FRED. OLSEN CRUISE LINES LIMITED include the Chairman, Fred. Olsen Jr., and the Managing Director, Peter Deer. They are both committed to the company's sustainability efforts and have implemented policies to ensure responsible practices throughout the organization.
For more information on FRED. OLSEN CRUISE LINES LIMITED, their products and services, and their sustainability program, you can visit their website at www.fredolsencruises.com. Their registered office address is 2nd Floor, 64-65 Vincent Square, London, SW1P 2NU, United Kingdom.
