THE ORIGINAL COTTAGE COMPANY LIMITED

PaymentCheck Score 2021
98Excellent
4.8vs last year
#167 in UK
#5 in South West

Company Information

Company Number
06951692
Registered Address
Travel Chapter House, Gammaton Road, Bideford, England, EX39 4DF
Status
Active
Employee Count
445
Turnover
£24,323,000
EBITDA
-£7,755,000

Additional Details

Company Type
Private limited Company
Incorporated On
3 July 2009
Nature of Business
79909 - Other reservation service activities not elsewhere classified
Industries
Coming Soon
Region
South West

Time to Pay

Average Time to Pay
23 days
Shortest Period:10 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
93%
31-60 Days
3%
After 60 Days
3%
Not Paid Within Terms17%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-03-09
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202109 Mar 2022499%1%1%4%
01 Jan 2021 - 30 Jun 202109 Mar 2022599%1%1%7%
01 Jul 2020 - 31 Dec 202009 Mar 2022897%1%2%9%
01 Jan 2020 - 30 Jun 202009 Mar 20222393%3%3%17%
01 Jul 2019 - 31 Dec 201904 Feb 2020797%1%2%4%

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

The Original Holding Company and its Subsidiaries operate default payment terms of 30 days for trade suppliers, 10 days for independent cleaning and maintenance suppliers and 60 days for a small number of suppliers unless otherwise agreed.

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

Any disputes are directed to the Accounts department who will work with the supplier to resolve, by agreement, any issue raised in a timely manner.

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

Company Summary

The Original Cottage Company Limited is a British holiday letting company that offers a wide range of self-catering cottages and holiday homes across the UK. The company was founded in 1992 and is based in Norfolk, with a registered office address at Old Bank of England Court, Queen Street, Norwich, NR2 4SX.

The company prides itself on its commitment to sustainability and has implemented several initiatives to reduce its environmental impact. This includes promoting recycling and reducing energy consumption in its properties, as well as supporting local suppliers and businesses.

The company offers a range of products and services to cater to different holiday needs, from romantic cottages for couples to large family-friendly homes. Customers can also choose from a variety of locations, including coastal, countryside, and city destinations.

The Original Cottage Company Limited has a team of key people who oversee the day-to-day operations and ensure the highest quality standards for its properties. These include the Managing Director, Director of Sales and Marketing, Director of Operations, and Director of Finance.

Customers can easily book their holiday accommodation through the company's website, which also provides helpful information on each property, including photos, amenities, and availability. The website also features a blog with travel tips and inspiration for planning the perfect holiday.

In summary, The Original Cottage Company Limited is a well-established holiday letting company in the UK, offering sustainable and high-quality holiday homes in various locations. With a team of experienced professionals and an easy-to-use website, it is a top choice for those looking for a memorable and eco-friendly holiday experience.

Financial Metrics

Cash
£10,598,000
Net Worth
-£6,854,000
Total Current Assets
£32,980,000
Total Current Liabilities
£40,532,000

Company Location