AUDLEY TRAVEL GROUP LIMITED
Company Information
- Company Number
- 03190720
- Registered Address
- New Mill, New Mill Lane, Witney, Oxfordshire, OX29 9SX
- Status
- Active
- Employee Count
- 511.0
- Turnover
- 148091000.0
- EBITDA
- 7060000.0
Additional Details
- Website
- https://audleytravel.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 25 April 1996
- Nature of Business
- 79120 - Tour operator activities
- Industries
- Travel And Transportation
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 6 | 98% | 2% | 0% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 03 Aug 2023 | 4 | 99% | 1% | 0% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | 6 | 96% | 3% | 1% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Aug 2022 | 6 | 98% | 1% | 1% | 15% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 4 | 97% | 2% | 1% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 5 | 96% | 3% | 1% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 12 | 91% | 3% | 6% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 10 | 92% | 6% | 2% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 7 | 98% | 1% | 1% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 8 | 98% | 2% | 0% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 8 | 97% | 2% | 1% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Jul 2018 | 6 | 98% | 1% | 1% | 9% |
Company Summary
AUDLEY TRAVEL GROUP LIMITED is a UK-based travel company that specializes in tailor-made luxury travel experiences
The company was founded in 1996 and has since become a leading provider of personalized travel services
The company offers a wide range of travel products and services, including customized itineraries, accommodation bookings, transportation arrangements, and activities and excursions
They cater to various destinations all over the world, with a focus on Africa, Asia, Latin America, and the Indian subcontinent
One of the key aspects of AUDLEY TRAVEL GROUP LIMITED is its commitment to sustainability
The company has a dedicated sustainability program in place, which includes initiatives to reduce their carbon footprint, support local communities and wildlife conservation, and promote responsible tourism practices
They also work with local suppliers and accommodations that share their values of sustainability
The company is led by a team of experienced and knowledgeable individuals, including the CEO, Ian Simkins, and the Managing Director, Carl Cross
They are supported by a team of travel specialists who are passionate about creating unique and unforgettable travel experiences for their clients
For those interested in booking a trip with AUDLEY TRAVEL GROUP LIMITED, they can visit their website at www.audleytravel.com
The company's registered office address is located at New Mill, New Mill Lane, Witney, Oxfordshire, OX29 9SX, UK
In summary, AUDLEY TRAVEL GROUP LIMITED is a reputable and sustainable travel company that offers tailor-made luxury travel experiences
With a dedicated team and a commitment to responsible tourism, they continue to provide exceptional services to their clients
Company Review
Trend Analysis
The average time to pay for AUDLEY TRAVEL GROUP LIMITED has fluctuated over the past three periods, with a slight increase from 6 days in 2018 to 7 days in 2019, followed by a sharp increase to 12 days in 2020. However, in the most recent period of 2021, the average time to pay has decreased to 4 days.
Volatility Analysis
The volatility of AUDLEY TRAVEL GROUP LIMITED's average time to pay has been relatively low, with the largest change being a 6-day increase in 2020. The percentage of invoices paid within 30 days has also remained fairly stable, with a slight decrease from 98% in 2018 to 96% in 2022.
Summary Analysis
Between 2018 and 2021, AUDLEY TRAVEL GROUP LIMITED has shown a consistent trend of paying invoices within 30 days, with a high percentage of 98% in most periods. However, in 2020 there was a significant increase in invoices paid later than 60 days, reaching 6%. This was the worst period for the company in terms of not paying within agreed terms. In 2021, there was a positive change with a decrease in the average time to pay and a higher percentage of invoices paid within 30 days.
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 agreed with reference to the clients departure date and/or the timing of delivery of goods/services. Audley Travel will pay the outstanding balance owed to the Supplier 30 days after the end of the calendar month in which the supply of services is made. Variations to these terms do exist, but are by exception only, and only applied when negotiated and agreed by both parties
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
The company is committed to resolving disputes with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to the satisfaction of all parties prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would be escalated in the first instance to the relevant head of department to expedite a resolution, and to our Group Controller and CFO thereafter
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
