SKYSCANNER LIMITED

Company Information

Company Number
04217916
Registered Address
Level 5, Ilona Rose House, Manette Street, London, United Kingdom, W1D 4AL
Status
Active
Employee Count
823.0
Turnover
283895000.0
EBITDA
56811000.0

Additional Details

Company Type
Private limited Company
Incorporated On
16 May 2001
Nature of Business
58290 - Other software publishing
Industries
Software,Travel And Transportation
Region
London

Company Location

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Financial Metrics

Cash
£1,929,000.00
Net Worth
£70,157,000.00
Total Current Assets
£176,394,000.00
Total Current Liabilities
£166,664,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-02

Time to Pay

Average Time to Pay
30 days
Shortest Period:7 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
83%
31-60 Days
14%
After 60 Days
3%
Not Paid Within Terms19%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202302 Feb 20243083%14%3%19%
01 Jan 2023 - 30 Jun 202316 Oct 20233365%28%6%39%
01 Jul 2022 - 31 Dec 202216 Oct 20233082%11%7%19%
01 Jan 2022 - 30 Jun 202230 Aug 20223186%10%4%14%
01 Jul 2021 - 31 Dec 202108 Feb 20223286%10%4%15%
01 Jan 2021 - 30 Jun 202108 Feb 2022
01 Jan 2021 - 30 Jun 202108 Feb 20223382%11%6%19%
01 Jul 2020 - 31 Dec 202018 Mar 20213482%13%5%17%
01 Jan 2020 - 30 Jun 202031 Jul 20203870%22%9%35%
01 Jul 2019 - 31 Dec 201924 Jan 20203773%19%9%36%
01 Jan 2019 - 30 Jun 201923 Jul 20195747%39%13%61%
01 Jul 2018 - 31 Dec 201830 Jan 20193671%22%7%35%
01 Jan 2018 - 30 Jun 201827 Jul 20183772%20%8%34%

Company Summary

SKYSCANNER LIMITED is a global travel search engine and online booking platform that provides users with the ability to compare and book flights, hotels, and car rentals

The company was founded in 2003 and is headquartered in Edinburgh, Scotland

The main focus of SKYSCANNER LIMITED is to make travel planning easier and more sustainable for its users

The company has a dedicated sustainability program that aims to reduce its environmental impact and promote responsible travel

This includes initiatives such as offsetting carbon emissions, promoting eco-friendly accommodations and encouraging users to make sustainable travel choices

SKYSCANNER LIMITED offers a wide range of products and services to its users, including flight and hotel search, car rental, and travel deals

The platform is available in over 30 languages and supports multiple currencies, making it accessible to a global audience

The company is led by CEO Bryan Dove and has a team of over 1000 employees worldwide

SKYSCANNER LIMITED has received numerous awards and recognition for its innovative approach to travel planning and sustainable practices

For any inquiries or support, users can contact SKYSCANNER LIMITED through their website www.skyscanner.net

The registered office address is Quartermile One, 15 Lauriston Place, Edinburgh, EH3 9EN, United Kingdom

With its commitment to sustainability and user-friendly services, SKYSCANNER LIMITED continues to be a leading player in the travel industry

Company Review

Trend Analysis

Over the past three periods, there has been a consistent decrease in the average time SKYSCANNER LIMITED takes to pay invoices, with a drop from 57 days in 2019 to 30 days in 2023.

Volatility Analysis

The data shows some volatility in the percentage of invoices paid within 30 days, with a high of 82% in 2022 and a low of 47% in 2019. However, this percentage has generally remained above 70%.

Summary Analysis

Looking at the data for SKYSCANNER LIMITED, there has been a consistent improvement in their payment practices over the past three periods. The average time taken to pay invoices has decreased from 57 days in 2019 to 30 days in 2023.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Skyscanner Standard Payment Terms Maximum agreed suppliers-90 DAYS Standard Invoices-30/45/60 DAYS Contractor/Freelancer-14 DAYS

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

90

Dispute Resolution Process

We endeavour to resolve any disputes in a fair and timely manner. Please email for any issues regarding payments of invoices outlining what the query is and provide us with your Skyscanner contact for us to raise an internal query with them. We aim to get back to you within 2 working days of any queries with the next steps required.

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.

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.

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