HILTON WORLDWIDE LIMITED
Company Information
- Company Number
- SC022163
- Registered Address
- 191 West George Street, Glasgow, United Kingdom, G2 2LD
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 164005000.0
- EBITDA
- 18494000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 25 September 1942
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Lifestyle And Entertainment,Travel And Transportation
- Region
- West of Scotland
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 42 | 82% | 12% | 6% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 39 | 82% | 12% | 6% | 33% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 40 | 70% | 20% | 10% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 40 | 65% | 24% | 11% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 38 | 68% | 20% | 12% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 13 | 89% | 6% | 5% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 67 | 54% | 20% | 26% | 47% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 10 | 92% | 6% | 2% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 20 | 80% | 16% | 4% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 19 | 90% | 7% | 3% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 18 | 94% | 3% | 3% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 10 Jul 2018 | 29 | 77% | 13% | 10% | 28% |
Company Summary
Hilton Worldwide Limited is a multinational hospitality company that operates and franchises a wide range of hotels and resorts around the world
The company was founded in 1919 and is headquartered in Virginia, United States
Hilton is committed to sustainability and has implemented various initiatives to reduce its environmental footprint
These include reducing energy and water consumption, using sustainable materials in their hotels, and promoting recycling and waste reduction
The company offers a variety of products and services, including luxury and full-service hotels, resorts, and extended-stay suites under its various brands such as Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, and DoubleTree by Hilton
It also has a loyalty program, Hilton Honors, which rewards members with exclusive benefits and experiences
The key people at Hilton Worldwide Limited include Christopher J
Nassetta, President and CEO, and Kevin Jacobs, Chief Financial Officer
The company also has a Board of Directors, with Jon T
Gray serving as Chairman
For more information on Hilton's sustainability efforts, products, and services, you can visit their website at www.hilton.com
The registered office address of the company is 7930 Jones Branch Drive, Suite 1100, McLean, Virginia 22102, United States
Company Review
Trend Analysis
The average time taken for HILTON WORLDWIDE LIMITED to pay invoices has fluctuated over the past three periods, with a significant decrease in the most recent period.
Volatility Analysis
The data shows that the percentage of invoices paid within 30 days has remained relatively stable, while there has been more variability in the percentage of invoices paid between 31 and 60 days and later than 60 days. The percentage of invoices not paid within agreed terms has also shown some volatility.
Summary Analysis
From 2018 to 2020, HILTON WORLDWIDE LIMITED saw a significant improvement in their average time to pay invoices, decreasing from 29 days to 10 days. This improvement was mainly due to an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard supplier payment terms are generally 30 days, however certain exceptions exist up to 60 days. Currently the existing supplier database has supplier on payment terms between Immediate and 60 days. Supplier payment terms are subject to regular review and are updated accordingly in line with our standard supplier terms where appropriate.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The Average Time to Pay days includes UK intercompany statistics alongside AP payments. These intercompany statistics reflect positively on the average time to pay days. The point at which all intercompany activity is collated into a report to settle and provided to the Accounting Teams has been deemed the invoice point. Settlement of this intercompany report is undertaken promptly being only 1-2 days later.
Maximum contractual payment period agreed
60
Dispute Resolution Process
In the event of a dispute between invoice approver and the supplier a complaint can be raised to the Shared Service Department of Hilton which can be contacted at hsscuk-ptp.inquiries@finance.hilton.com or phone number 0800 029 1667. This department will send the complaint to the invoice approver within Hilton responsible for follow up. The Hilton invoice approver and supplier have to reach agreement within a reasonable period. A reasonable period is defined by the parties involved. If the dispute is not resolved both parties should escalate to a senior representative from each party which shall meet and endeavour to resolve the dispute within a reasonable time.
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
