SECRET ESCAPES LIMITED
Company Information
- Company Number
- 07026107
- Registered Address
- 4th Floor 120 Holborn, London, England, EC1N 2TD
- Status
- Active
- Employee Count
- 796
- Turnover
- £108,097,000
- EBITDA
- -£7,569,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 September 2009
- Nature of Business
- 79110 - Travel agency activities
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
Over the past three periods (2018-2022), SECRET ESCAPES LIMITED has seen an increase in their average time to pay invoices, with a significant jump in 2020-2021. However, they have also shown improvement in paying invoices within 30 days, with a consistent 95-99% rate, and a decrease in the percentage of invoices paid later than 60 days.
Volatility Analysis
The data for SECRET ESCAPES LIMITED shows some volatility in their payment patterns. In the first two periods, there is a slight increase in the average time to pay, but in the third period, there is a sharp decrease. Additionally, there is a lot of fluctuation in the percentage of invoices paid within 30 days, with a decrease in 2020-2021 and a sharp increase in the last period.
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 Jan 2022 - 30 Jun 2022 | 26 Oct 2022 | 2 | 98% | 1% | 1% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Oct 2022 | 1 | 100% | 0% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Oct 2022 | 22 | 99% | 0% | 1% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Oct 2022 | 22 | 80% | 15% | 5% | 43% |
| 01 Jan 2020 - 30 Jun 2020 | 25 Oct 2022 | 8 | 94% | 3% | 3% | 41% |
| 01 Jul 2019 - 31 Dec 2019 | 25 Oct 2022 | 1 | 99% | 1% | 0% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 22 | 95% | 4% | 1% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 14 | 95% | 4% | 1% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 12 | 96% | 3% | 1% | 22% |
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
Our standard payment terms are 28 days for hotel partners, 30 days for opex suppliers
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
If we have an overdue invoice this is usually because it has not been received into the payment processing queue. We request copy invoices from the supplier and prioritise these for processing and approval.
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
SECRET ESCAPES LIMITED is a UK-based company that offers luxury travel deals to its members through its online platform. Founded in 2010, the company has grown to become one of the leading providers of exclusive travel experiences, with over 60 million members worldwide.
The company's sustainability program is focused on minimizing its environmental impact and promoting responsible tourism. This includes working with eco-friendly hotels, promoting sustainable travel options, and offsetting carbon emissions from its business operations.
SECRET ESCAPES LIMITED offers a wide range of products and services, including discounted hotel stays, all-inclusive packages, and personalized travel planning services. They partner with over 5,000 hotels and resorts around the world to offer their members unique and luxurious travel experiences.
The company is led by a team of experienced professionals, including CEO Alex Saint and COO Tom Valentine. They are committed to providing exceptional customer service and delivering the best deals for their members.
To access SECRET ESCAPES LIMITED's exclusive travel deals, individuals can sign up for a free membership on their website. The company's registered office is located at 120 Holborn, London, EC1N 2TD, United Kingdom. Their website address is www.secretescapes.com.
In conclusion, SECRET ESCAPES LIMITED is a reputable company that offers luxury travel experiences while also promoting sustainability and responsible tourism. With its team of experienced leaders and a wide range of products and services, it continues to be a top choice for travellers looking for unique and affordable travel experiences.
