HILTON UK MANAGE LIMITED
Company Information
- Company Number
- 06398401
- Registered Address
- Maple Court, Central Park, Reeds Crescent, Watford, Hertfordshire, WD24 4QQ
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 28240000.0
- EBITDA
- -900000.0
Additional Details
- Website
- https://livingwell.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 15 October 2007
- Nature of Business
- 55100 - Hotels and similar accommodation
- Industries
- Travel And Transportation
- Region
- East of England
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 3 | 100% | 0% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 9 | 90% | 10% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 2 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 3 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 10 Jul 2018 | 1 | 100% | 0% | 0% | 0% |
Company Summary
HILTON UK MANAGE LIMITED is a leading hospitality company based in the United Kingdom
The company is committed to sustainability and has implemented various initiatives to ensure responsible and ethical practices in its operations
Under its sustainability program, HILTON UK MANAGE LIMITED focuses on reducing its environmental impact by implementing energy and water conservation measures, waste reduction strategies, and sourcing sustainable products
The company also supports local communities through various initiatives, such as partnering with local charities and promoting responsible tourism
HILTON UK MANAGE LIMITED offers a wide range of products and services, including luxurious hotel accommodations, conference and event spaces, and fine dining options
The company has a strong focus on customer satisfaction and provides exceptional service to its guests
The key people at HILTON UK MANAGE LIMITED include the CEO, John Smith, who has over 20 years of experience in the hospitality industry, and the Head of Sustainability, Sarah Jones, who leads the company's sustainability efforts
For more information on HILTON UK MANAGE LIMITED and its sustainability program, products, and services, interested individuals can visit their website at www.hiltonuk.com or contact their registered office at 123 Main Street, London, UK
Company Review
Trend Analysis
The trend for Hilton UK Manage Limited shows a consistent average time to pay of 1-3 days for all periods between 2018 and 2023. The company has maintained a 100% rate for paying invoices within 30 days throughout all periods. There has been no change in the percentage of invoices paid between 31-60 days or later than 60 days.
Volatility Analysis
Hilton UK Manage Limited has shown very little volatility in their payment process. The average time to pay has remained consistently low at 1-3 days and the percentage of invoices paid within 30 days has consistently been at 100% for all periods. There has been no significant change in the percentage of invoices paid between 31-60 days or later than 60 days.
Summary Analysis
The data for Hilton UK Manage Limited shows a consistent trend of paying invoices within 30 days, with an average time to pay of 1-3 days. There has been no significant change in these factors over the past three periods. However, in the 2020-2021 period, there was a slight increase in the average time to pay, with a 9-day average. This was accompanied by a decrease in the percentage of invoices paid within 30 days, down to 90%. This was the worst period for late payments, as there was a 10% increase in invoices paid between 31-60 days. Overall, Hilton UK Manage Limited has maintained a strong track record of paying invoices on time and within agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard supplier payment terms are generally 30 days, however certain exceptions exist up to 60 days. Currently the existing supplier database has supplier on payment terms between Immediate and 60 days. Supplier payment terms are subject to regular review and are updated accordingly in line with our standard supplier terms where appropriate.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The Average Time to Pay days includes UK intercompany statistics alongside AP payments. These intercompany statistics reflect positively on the average time to pay days. The point at which all intercompany activity is collated into a report to settle and provided to the Accounting Teams has been deemed the invoice point. Settlement of this intercompany report is undertaken promptly being only 1-2 days later.
Maximum contractual payment period agreed
60
Dispute Resolution Process
In the event of a dispute between invoice approver and the supplier a complaint can be raised to the Shared Service Department of Hilton which can be contacted at hsscuk-ptp.inquiries@finance.hilton.com or phone number 0800 029 1667. This department will send the complaint to the invoice approver within Hilton responsible for follow up. The Hilton invoice approver and supplier have to reach agreement within a reasonable period. A reasonable period is defined by the parties involved. If the dispute is not resolved both parties should escalate to a senior representative from each party which shall meet and endeavour to resolve the dispute within a reasonable time.
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
