LUTON HOO PARK LIMITED
Company Information
- Company Number
- 03648488
- Registered Address
- World Business Centre 2, Newall Road, Hounslow, United Kingdom, TW6 2SF
- Status
- Active
- Employee Count
- 290
- Turnover
- £12,332,000
- EBITDA
- £364,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 October 1998
- Nature of Business
- 55100 - Hotels and similar accommodation
- Industries
- Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
LUTON HOO PARK LIMITED consistently demonstrates an average payment time of 45 days, with the vast majority (78%) of invoices being settled within the 31-60 day window. This indicates a clear trend of payments occurring on the longer side of standard terms, with only a small proportion (12%) arriving within 30 days and a similar minority (10%) exceeding 60 days.
Volatility Analysis
Payment predictability is moderate, as 78% of invoices are reliably settled between 31 and 60 days, suggesting consistent processing within that range. However, the 10% of payments that extend beyond 60 days and are officially late introduce a notable, albeit contained, volatility factor for a portion of transactions.
Summary Analysis
Suppliers should expect payments from LUTON HOO PARK LIMITED to consistently average 45 days, with the strong likelihood of settlement within 31-60 days. To mitigate risk, consider establishing credit terms aligned with their 45-day average and clearly define late payment policies for the 10% of invoices that may exceed 60 days.
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 2020 - 30 Sept 2020 | 30 Oct 2020 | 58 | 11% | 42% | 47% | 47% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 45 | 12% | 78% | 10% | 10% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 46 | 11% | 79% | 10% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 48 | 6% | 78% | 16% | 16% |
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
Payment of the undisputed price shall be made within sixty (60) days of the consignment of goods or provision of services being properly delivered (or of delivery of the invoice if later). The company makes most payments in one single monthly payment run.
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
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 hotel accounts team at the relevant property, who will put the invoice into “query” status on the purchase ledger until the dispute has been resolved. If a supplier has a query about an unpaid invoice they should contact LHHaccountsgroup@elitehotels.co.uk giving their supplier details, the invoice number, amount, the Purchase Order number and the name of the staff member raising the order if known.
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
LUTON HOO PARK LIMITED is an active private limited company. Its name reflects its commercial focus on the Luton Hoo Park estate.
Incorporated on 13 October 1998, the company operates under company number 03648488. Its registered office is located at World Business Centre 2, Newall Road, Hounslow, United Kingdom, TW6 2SF, placing its official UK operational base in the South East region.
Private limited companies in the UK are established to conduct commercial activities across various sectors. They typically offer a diverse range of products and services, from manufacturing and retail to professional consultancy and property management, depending on their specific industry and purpose.
