| 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 2018 - 30 Jun 2018 | 06 Sept 2018 | 28 | 62% | 35% | 3% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are within 30 days of receipt of an accurate and valid invoice.
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
75
Payment disputes and queries are initially handled by the Accounts Payable Supervisor or Manager within the Finance Department. They will then liaise with the relevant Head of Department within the hotel to resolve the query. Failing a successful resolution, the dispute will be escalated to the Assistant Financial Controller, Financial Controller, General Manager or Purchasing Director.
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
WESTMINSTER BRIDGE HOTEL OPERATOR LIMITED is an active private limited company, incorporated on 16 May 2011, based in the London region. Registered business activity: Hotels and similar accommodation.
From Companies House records.