| 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 | 94 | 5% | 18% | 77% | 76% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 77 | 4% | 21% | 75% | 67% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 88 | 8% | 17% | 75% | 80% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Thomas Cook Group plc represents the Thomas Cook Group parent company only, i.e. solely the corporate Head Office, and not the consolidated Group. This data therefore relates to less than 1% of all Thomas Cook payments made in the UK. Standard payment terms are 60 days. The longest contractual payment terms used are 90 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Thomas Cook Group plc represents the Thomas Cook Group parent company only, i.e. solely the corporate Head Office, and not the consolidated Group. This data therefore relates to less than 1% of all Thomas Cook payments made in the UK.
Maximum contractual payment period agreed
90
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.
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
THOMAS COOK GROUP PLC is a liquidation public limited company, incorporated on 8 February 2007, based in the London region. Registered business activity: Activities of head offices.
From Companies House records.