STRAND PALACE HOTEL & RESTAURANTS LIMITED
Company Information
- Company Number
- 03165882
- Registered Address
- 8th Floor, South Block, 55 Baker Street, London, United Kingdom, W1U 8EW
- Status
- Active
- Employee Count
- 209
- Turnover
- £52,066,000
- EBITDA
- £22,077,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 28 February 1996
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Events And Venues, Food And Drink, 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 Apr 2021 - 30 Sept 2021 | 11 Nov 2021 | 55 | 47% | 39% | 14% | 20% |
| 01 Oct 2020 - 31 Mar 2021 | 10 May 2021 | 58 | 26% | 40% | 34% | 45% |
| 01 Oct 2019 - 31 Mar 2020 | 06 Aug 2020 | 37 | 60% | 27% | 13% | 19% |
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 30 days with shorter payment terms agreed with specific suppliers subject to an early settlement discount or supplier specific terms
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
50
Dispute Resolution Process
In the event of a disputed invoice, the staff member responsible for the relevant order will inform the supplier directly the reason(s) for the dispute. The order raiser will also notify the finance team, who will put the invoice on hold until the dispute has been resolved. If a supplier has a query about an unpaid invoice they should contact accounts payable directly with the relevant information e.g supplier details, invoice number, amount, Purchase Order number the person placing the order will then be contacted to resolve the dispute
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
STRAND PALACE HOTEL & RESTAURANTS LIMITED is a renowned hotel and restaurant company based in the heart of London, United Kingdom. With a rich history of over 100 years, they are committed to providing exceptional hospitality and dining experiences to their guests while also prioritizing sustainability and responsible business practices.
The company offers a range of services including accommodation in their luxurious hotel rooms, fine dining at their various restaurants, and event spaces for meetings and special occasions. They also have a dedicated sustainability program in place, with initiatives such as energy-efficient lighting and waste reduction strategies in their operations. The company is actively involved in supporting local communities and charities, as well as promoting environmentally friendly practices among their staff and guests.
The key people at STRAND PALACE HOTEL & RESTAURANTS LIMITED include CEO, Mark Huddart, and Executive Chef, Fabien Echeveste, who bring years of experience and expertise to the company. They are supported by a team of dedicated and skilled staff who strive to deliver exceptional service to their guests.
To learn more about their services, sustainability initiatives, and special offers, interested individuals can visit their website at www.strandpalacehotel.co.uk. The registered office address for the company is Strand Palace Hotel, 372 Strand, London WC2R 0JJ, United Kingdom. With its commitment to sustainability and exceptional hospitality, STRAND PALACE HOTEL & RESTAURANTS LIMITED continues to be a popular choice for visitors to London.
