Industry ranking
LANDMARK HOTEL LONDON LIMITED exhibits a payment trend where nearly half of invoices are settled within 30 days, but an equal proportion extends to the 31-60 day window, pushing the average to 34 days. This indicates a consistent pattern of payments frequently exceeding standard 30-day terms, with a small fraction becoming significantly overdue.
Payment reliability for LANDMARK HOTEL LONDON LIMITED is moderate, with a high proportion of invoices (55%) being paid late, even if many fall within a predictable 31-60 day timeframe. Suppliers should anticipate payments frequently extending beyond 30 days, introducing a predictable delay but still a deviation from on-time settlement.
Given the average 34-day payment cycle and 55% late payment rate, suppliers should factor in potential delays when establishing payment terms with LANDMARK HOTEL LONDON LIMITED. It is advisable to consider negotiating for shorter payment windows or implementing early payment incentives to mitigate cash flow impacts, acknowledging a moderate but manageable risk profile.
| 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 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 34 | 48% | 48% | 4% | 55% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 33 | 48% | 48% | 4% | 52% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 31 | 49% | 48% | 3% | 49% |
| 01 Nov 2018 - 30 Apr 2019 | 29 May 2019 | 35 | 46% | 48% | 6% | 52% |
| 01 May 2018 - 31 Oct 2018 | 29 Nov 2018 | 34 | 46% | 49% | 5% | 54% |
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | 33 | 48% | 48% | 4% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For most qualifying contracts payment is made 30 days after receipt of invoice. Whenever there is an error on received quantities or prices, payment could be delayed depending on how quickly the supplier provides the corresponding correction.
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
Complains or concerns are addressed by the department who ordered the goods or services. They would communicate to the supplier on a matter of dispute/concern usually within 5 working days.
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
LANDMARK HOTEL LONDON LIMITED is an active private limited company, incorporated on 12 June 2008, based in the Unknown region. Registered business activity: Hotels and similar accommodation.
From Companies House records.