TRAVELOPIA HOLDINGS LIMITED
Company Information
- Company Number
- 05934241
- Registered Address
- Platinum House, St. Marks Hill, Surbiton, United Kingdom, KT6 4BH
- Status
- Active
- Employee Count
- 141
- Turnover
- £22,727,000
- EBITDA
- -£9,233,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 September 2006
- Nature of Business
- 79110 - Travel agency activities
- Industries
- Events And Venues, Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
TRAVELOPIA HOLDINGS LIMITED exhibits a trend where a substantial majority of payments extend beyond 30 days, averaging 43 days. A significant 49% of payments fall within the 31-60 day window, indicating a consistent preference for extended terms. Only 35% of invoices are settled within 30 days, suggesting suppliers should anticipate longer standard payment cycles.
Volatility Analysis
The 19% late payment rate, alongside 16% of payments extending beyond 60 days, introduces a moderate degree of unpredictability for cash flow planning. While 84% of payments occur within 60 days, the noticeable late portion suggests a risk of delays for nearly one-fifth of transactions. This pattern reduces overall payment reliability and predictability for suppliers.
Summary Analysis
Suppliers engaging with TRAVELOPIA should anticipate an average payment time of 43 days, with a notable risk of 19% of payments being late. It is recommended that suppliers budget for extended payment cycles and factor in potential delays to manage their cash flow effectively. Consider implementing tighter credit terms or requiring upfront payments for significant orders to mitigate identified payment risks.
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 2023 - 31 Mar 2024 | 26 Apr 2024 | 43 | 35% | 49% | 16% | 19% |
| 01 Apr 2023 - 30 Sept 2023 | 06 Nov 2023 | 45 | 35% | 50% | 15% | 18% |
| 01 Oct 2022 - 31 Mar 2023 | 15 May 2023 | 47 | 39% | 47% | 14% | 20% |
| 01 Apr 2022 - 30 Sept 2022 | 06 Dec 2022 | 49 | 33% | 50% | 17% | 24% |
| 01 Oct 2021 - 31 Mar 2022 | 25 Apr 2022 | 51 | 31% | 51% | 18% | 23% |
| 01 Apr 2021 - 30 Sept 2021 | 07 Mar 2022 | 71 | 25% | 51% | 24% | 31% |
| 01 Oct 2020 - 31 Mar 2021 | 26 Apr 2021 | 67 | 31% | 46% | 23% | 30% |
| 01 Apr 2020 - 30 Sept 2020 | 16 Nov 2020 | 37 | 38% | 35% | 27% | 35% |
| 01 Oct 2019 - 31 Mar 2020 | 16 Nov 2020 | 50 | 28% | 27% | 45% | 52% |
| 01 Apr 2019 - 30 Sept 2019 | 04 Nov 2019 | 45 | 44% | 31% | 25% | 27% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 45 | 54% | 31% | 15% | 15% |
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
Travelopia Holdings Limited standard payment terms are 30 days from receipt of invoice on normal qualifying contracts unless specifically agreed or net monthly from the date of invoice. We have several suppliers who offer differing payment terms and we do our best to accommodate these. Creditors send invoices throughout the month, with 99% being received by email. Creditors are paid twice monthly. The payment runs are produced twice per month paying invoices approved and due during the payment week. This results in suppliers being paid for invoices both before and after 30 days. For the purpose of this report we have used 50 days as the average number of days for net monthly payments. (Invoices in month 1 paid by end of month 2).
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
60
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner and as close to contractual terms as we possibly can. We do our utmost to resolve queries quickly and to everyone’s satisfaction. It is important to us that there is no negative impact on our customers experience and our supplier relationships are essential in delivering the first class services our customers expect. A close working relationship and good payment performance is paramount in our business. All our suppliers have a personal point of contact within the Accounts Payable Department and either email or telephone the team member to discuss payment concerns. The Accounts Payable Executives and Team Leader work closely with our suppliers and departments to understand why an invoice is not approved or not yet paid. Every effort is made to ensure the invoice is included in the next payment run.
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
Company Summary
TRAVELOPIA HOLDINGS LIMITED is an active private limited company with interests focused on the travel sector. As a holding company, its primary function is to own and manage shares in other businesses, often within the travel industry.
The company was incorporated on 13 September 2006 and operates with company number 05934241. Its registered office is situated at Platinum House, St. Marks Hill, Surbiton, United Kingdom, KT6 4BH, placing its location within the South East region of England.
In the UK market, a travel holdings company typically provides strategic oversight and financial consolidation for its subsidiary organisations. This often involves managing a diverse portfolio of travel businesses, which may include tour operators, travel agencies, accommodation providers, or travel technology firms.
