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.
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.
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.
| 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 Sept 2023 | |||||
| 01 Sept 2022 - 28 Feb 2023 | 17 Mar 2023 | |||||
| 01 Mar 2022 - 31 Aug 2022 | 20 Sept 2022 | |||||
| 27 Aug 2021 - 28 Feb 2022 | 23 Mar 2022 | |||||
| 26 Feb 2021 - 26 Aug 2021 | 16 Sept 2021 | |||||
| 01 Sept 2020 - 28 Feb 2021 | 12 Mar 2021 | |||||
| 01 Mar 2020 - 31 Aug 2020 | 15 Sept 2020 | |||||
| 01 Sept 2019 - 29 Feb 2020 | 25 Mar 2020 | |||||
| 01 Mar 2019 - 31 Aug 2019 | 27 Sept 2019 | |||||
| 01 Sept 2018 - 28 Feb 2019 | 26 Mar 2019 | |||||
| 02 Mar 2018 - 30 Aug 2018 | 27 Sept 2018 |
Premier Inn Hotels Limited is a private limited company registered in England, incorporated in 2004 and previously named Premier Travel Inn Limited and, before that, Premier Lodge Newco Limited. Its registered nature of business is hotels and similar accommodation. The company is registered at Whitbread's Dunstable headquarters, indicating it operates as part of the Whitbread corporate group, which trades under the Premier Inn budget hotel brand across the UK. No further detail on specific sites, room numbers or additional services is provided in the available evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk