THOMAS COOK TOUR OPERATIONS LIMITED
Company Information
- Company Number
- 03772199
- Registered Address
- C/O Alixpartners Uk Llp, 6 New Street Square, London, EC4A 3BF
- Status
- Liquidation
- Employee Count
- 227
- Turnover
- £1,841,711,000
- EBITDA
- -£35,181,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 May 1999
- Nature of Business
- 79110 - Travel agency activities
- Industries
- Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
THOMAS COOK TOUR OPERATIONS LIMITED demonstrates a strong trend of very prompt payments, with an average payment time of just 10 days. A substantial 89% of invoices are settled within 30 days, indicating consistent and efficient payment processing. This trajectory suggests a reliable pattern of quick turnaround on the majority of invoices.
Volatility Analysis
Despite the quick average, 25% of payments are classified as late, which introduces a notable element of unpredictability regarding individual invoice settlement. Furthermore, 6% of payments extending beyond 60 days presents a specific risk factor for potential long-tail delayed cash flow on a minority of transactions. This indicates some volatility, where while most payments are prompt, a significant portion deviates from the average.
Summary Analysis
Overall, THOMAS COOK TOUR OPERATIONS LIMITED is a generally reliable payer, with high probability of quick settlement for the majority of transactions. Suppliers should factor in the 25% late payment rate and the 6% of payments exceeding 60 days when extending credit, implying a need for careful monitoring. Mitigation could involve clear payment terms and proactive follow-up on overdue invoices to manage the identified risk tail.
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 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 3 | 98% | 1% | 1% | 18% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 10 | 89% | 5% | 6% | 25% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 11 | 89% | 5% | 6% | 31% |
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 terms are variable per supplier.
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
90
Dispute Resolution Process
All invoice queries are dealt with by the Accounts Payable teams that have central helpdesk functions. Disputed items are escalated to appropriate Management as necessary.
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?
❌
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
THOMAS COOK TOUR OPERATIONS LIMITED was a private limited company primarily involved in the operation of tours.
Registered in England and Wales under company number 03772199, the company was incorporated on 18 May 1999. Its registered office is located at C/O Alixpartners Uk Llp, 6 New Street Square, London, EC4A 3BF. The company is currently in liquidation.
Companies specialising in tour operations in the UK typically provide a range of services. These commonly include the organisation and sale of package holidays, tours, accommodation, and transport arrangements for travellers.
