Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Apr 2020 - 30 Sept 2020 | 05 Nov 2020 | 67 | 19% | 41% | 40% | 51% |
| 01 Oct 2019 - 31 Mar 2020 | 06 Aug 2020 | 37 | 60% | 27% | 13% | 19% |
| 01 Apr 2019 - 30 Sept 2019 | 19 Dec 2019 | 35 | 67% | 20% | 13% | 33% |
| 01 Oct 2017 - 31 Mar 2018 | 17 May 2018 | 29 | 62% | 33% | 4% | 37% |
This information is as reported by the business, and responses are in their own words.
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
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
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Strand Palace Hotel & Restaurants Limited is the registered company operating Strand Palace, a hotel on the Strand in central London near Covent Garden, trading since 1909. The hotel offers guest rooms, meeting and event spaces, and several onsite dining and bar venues including a restaurant, cocktail bar, tea parlour and cafe, alongside a guest gym and service centre. It caters to both leisure and business travellers and underwent a renovation in 2019. The company's own site describes it as offering rooms, eating and drinking venues, and meetings and events facilities in central London.
Generated from the company's website and Companies House records. Sources: strandpalacehotel.co.uk