THE CONNAUGHT HOTEL LIMITED
Company Information
- Company Number
- 03669273
- Registered Address
- 27 Knightsbridge, London, United Kingdom, SW1X 7LY
- Status
- Active
- Employee Count
- 518.0
- Turnover
- 73572000.0
- EBITDA
- 17956000.0
Additional Details
- Website
- https://the-connaught.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 12 November 1998
- Nature of Business
- 55100 - Hotels and similar accommodation
- Industries
- Lifestyle And Entertainment,Travel And Transportation
- Region
- London
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 | 30 Jan 2024 | 45 | 17% | 75% | 8% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 50 | 14% | 63% | 23% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 47 | 23% | 66% | 11% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Aug 2022 | 50 | 16% | 68% | 17% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 47 | 18% | 68% | 14% | 27% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 36 | 48% | 42% | 10% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 54 | 19% | 64% | 17% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 50 | 15% | 62% | 23% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 56 | 16% | 78% | 6% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 45 | 13% | 83% | 4% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 52 | 18% | 75% | 7% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Aug 2018 | 47 | 10% | 83% | 8% | 23% |
Company Summary
The Connaught Hotel Limited is a prestigious hotel located in London, known for its luxurious accommodations and exceptional services
The hotel is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes initiatives such as reducing energy and water consumption, sourcing locally produced and sustainable ingredients for their restaurants, and promoting waste reduction and recycling
They also have a partnership with a local charity to donate leftover food to those in need
The hotel offers a range of products and services to cater to the needs of their guests
These include elegant rooms and suites, fine dining restaurants, a spa and fitness center, and event spaces for weddings and corporate events
The key people at The Connaught Hotel Limited include the General Manager, Mr
Paul Jackson, who has extensive experience in the hospitality industry
The hotel also has a team of trained and dedicated staff who ensure that guests have a memorable and comfortable stay
For more information, the hotel's website is www.the-connaught.co.uk
The registered office address is Carlos Place, Mayfair, London, W1K 2AL
The Connaught Hotel Limited is committed to providing a luxurious and sustainable experience for its guests, making it a top choice for travelers visiting London
Company Review
Trend Analysis
The average time taken for THE CONNAUGHT HOTEL LIMITED to pay invoices has fluctuated over the past three periods. In the first period (2018-01-01 to 2018-06-30), the average time to pay was 47 days. This decreased to 45 days in the second period (2019-01-01 to 2019-06-30) before increasing to 56 days in the third period (2019-07-01 to 2019-12-31). However, in the most recent period (2020-01-01 to 2020-06-30), the average time to pay decreased to 50 days.
Volatility Analysis
There has been a significant amount of volatility in the percentage of invoices paid within 30 days by THE CONNAUGHT HOTEL LIMITED. In the first period, only 10% of invoices were paid within 30 days, but this increased to 48% in the most recent period. However, the percentage of invoices paid between 31 and 60 days has remained relatively stable, ranging from 42% to 83%.
Summary Analysis
For THE CONNAUGHT HOTEL LIMITED, the average time taken to pay invoices has fluctuated over the past three periods, with a decrease in the most recent period. The percentage of invoices paid within 30 days has significantly improved, but the percentage of invoices paid later than 60 days has also increased. The company has consistently paid between 42% and 83% of invoices between 31 and 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are 30 days following the end of the month of the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Our payment terms are based on the invoice date and not the date that the invoice is received.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Payment disputes and queries are dealt with by the Accounts Payable Executive in the Finance Department who will liaise with the Purchasing Department or other relevant departments. Failing a successful resolution, the dispute will be escalated to the Assistant Financial Controller, Group Financial Controller or General Manager.
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
