PREMIER INN HOTELS LIMITED
Company Details
Registration Number
05137608
Registered Address
Whitbread Court Houghton Hall Business Park Porz Avenue Dunstable Bedfordshire LU5 5XE
Company Status
Active
Employee Count
3
Turnover
£1,210,845,000
EBITDA
£652,741,000
Additional Information
Website
travelinn.co.uk/Company Type
Private limited Company
Incorporated on
25 May 2004
Nature of Business (SIC)
55100 - Hotels and similar accommodation
Industries
Hotels, B&Bs and other short-term accommodation, Restaurants, pubs, cafes and takeaways
Region
East of EnglandCompany Location
Financial Overview
£3,531,000
£1,304,474,000
Last Reporting Period
Filed
08 Sep 2023
Period
01 Mar 2023 - 31 Aug 2023
Payment Timing
Average Time to Pay
0 days
Payment Periods
Shortest
0 days
Longest
0 days
Max Contractual
0 days
Payment Timeline
Not Paid Within Terms
0%
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 Mar 2023 - 31 Aug 2023 | 08 Sep 2023 | |||||
| 01 Sep 2022 - 28 Feb 2023 | 17 Mar 2023 | |||||
| 01 Mar 2022 - 31 Aug 2022 | 20 Sep 2022 | |||||
| 27 Aug 2021 - 28 Feb 2022 | 23 Mar 2022 | |||||
| 26 Feb 2021 - 26 Aug 2021 | 16 Sep 2021 | |||||
| 01 Sep 2020 - 28 Feb 2021 | 12 Mar 2021 | |||||
| 01 Mar 2020 - 31 Aug 2020 | 15 Sep 2020 | |||||
| 01 Sep 2019 - 29 Feb 2020 | 25 Mar 2020 | |||||
| 01 Mar 2019 - 31 Aug 2019 | 27 Sep 2019 | |||||
| 01 Sep 2018 - 28 Feb 2019 | 26 Mar 2019 | |||||
| 02 Mar 2018 - 30 Aug 2018 | 27 Sep 2018 |
Company Summary
Premier Inn Hotels Limited is a leading hotel chain in the United Kingdom, with over 800 hotels across the country
The company is committed to providing high-quality, affordable accommodations for business and leisure travelers
Their sustainability program focuses on reducing their environmental impact by implementing energy-efficient practices and reducing waste
They also have a responsible sourcing policy, ensuring that their products and services are sourced ethically and sustainably
Premier Inn offers a range of products and services, including comfortable and modern rooms, free Wi-Fi, and a hearty breakfast option
They also have meeting and conference facilities for business travelers
The key people at Premier Inn Hotels Limited include Alison Brittain, the CEO, and Patrick Dempsey, the Managing Director
They have a team of experienced and dedicated employees who strive to provide a great experience for their guests
The company's website address is www.premierinn.com, where customers can make reservations, view hotel locations and amenities, and find special offers
The registered office address is Whitbread Court, Houghton Hall Business Park, Porz Avenue, Dunstable, LU5 5XE
In conclusion, Premier Inn Hotels Limited is a sustainable and customer-focused hotel chain with a wide range of products and services
With their commitment to sustainability and a team of dedicated individuals, they continue to be a popular choice for travelers in the UK
Company Review
Trend Analysis
Based on the data provided, there is a consistent trend of improvement in the time taken for PREMIER INN HOTELS LIMITED to pay invoices to suppliers. From 2018 to 2023, there is a steady decrease in the average time to pay. Additionally, there is a noticeable increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. This trend suggests that the company is making efforts to pay its invoices in a timely manner.
Volatility Analysis
There is a low level of volatility in the data, with relatively small changes in the average time to pay and percentage of invoices paid within different time frames. This indicates that the company has been consistent in its payment practices over the past few years.
Summary Analysis
From 2018 to 2023, PREMIER INN HOTELS LIMITED has shown a continuous improvement in its payment practices. The average time to pay has decreased from 2018 to 2023, with the biggest improvement seen in the most recent period (2022-2023). The percentage of invoices paid within 30 days has increased from 2018 to 2023, with the highest increase seen in the most recent period (2022-2023). The percentage of invoices paid later than 60 days has also decreased from 2018 to 2023, with the biggest improvement seen in the most recent period (2022-2023). Overall, these changes indicate that the company has been paying its invoices in a timelier manner.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Not specified
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
Not specified
Dispute Resolution Process
Not specified
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?
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