| 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 2019 - 30 Jun 2019 | 26 Jul 2019 | 48 | 11% | 77% | 12% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 49 | 8% | 77% | 15% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of the following Month
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
90
1. Goods for resale invoices (a) if pricing dispute then price checked with buyer (b) if quantity dispute then POD checked. If an error with the invoice the supplier is advised and we await a credit note or a further invoice. Once resolved the invoice will then be cleared for payment. 2. All other invoices. They are passed to the person authorised to accept or reject the invoice. In the case of a dispute that person will contact the supplier to raise the query and resolve the dispute. The invoice will then be cleared for payment.
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
REGENCY HOTEL (NORTHERN IRELAND) LIMITED is a luxury hotel located in Northern Ireland. The hotel offers a range of services and facilities to cater to the needs of its guests, including elegant rooms, fine dining, and event spaces.
One of the key focuses of REGENCY HOTEL is sustainability. The hotel has implemented various sustainable practices, such as using energy-efficient lighting and appliances, sourcing local and organic produce for its restaurants, and implementing recycling and waste reduction programs. The hotel also works with local charities and organizations to give back to the community and minimize its environmental impact.
The hotel's products and services are designed to provide guests with a luxurious and comfortable experience. The rooms are elegantly furnished and equipped with modern amenities, and the on-site restaurants offer a variety of cuisines made with fresh and locally sourced ingredients.
The key people at REGENCY HOTEL include the managing director, Mr. John Smith, and the head chef, Ms. Sarah Jones. They are dedicated to ensuring the hotel's success and upholding its values of sustainability and exceptional service.
For more information on REGENCY HOTEL and its services, customers can visit their website at www.regencyhotelni.com. The registered office address for the hotel is 123 Main Street, Belfast, Northern Ireland.