Their own payment-practices filing · gov.uk
How long does Miki Travel Limited take to pay its suppliers?
Self-reported figure from their statutory filing. How this is compiled.
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 25 Jul 1980
- Registered office
- VINTNERS PLACE, LONDON, EC4V 3BJ
Terms vs reality
Stated terms: 30–45 days. Reported average: 70.
At a glance
The key figures
Vs peers · latest reported averages
The pattern
Getting slower
Average days to pay across their last 6 statutory reports.
Where their supplier invoices land · latest period
The read · computed from their figures
Miki Travel Limited has filed 8 statutory payment periods (earliest H1 2018). Their latest report puts the average at 70 days against stated terms of 30–45 days.
The direction is slower: from 37 to 70 days over the window — about 33 days slower.
In the latest period 21% of invoices were paid outside their agreed terms, and 17% landed 61+ days out.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
Creditors send invoices throughout the month. For the following payment types, Automatic Clearing House USD and Automatic Clearing House CAD - the standard payment period is 30 days. Invoices arriving between the 1st and the 15th get paid at the end of the current month. Invoices arriving between the 16th and the last day of the month get paid on the 15th of the following month. For the other payments our terms are to pay by the 15th of the following month, regardless of what day of the month the invoice is received. This results in a maximum standard payment period of 45 days. Our average payment days are less than 45 days because the majority of creditors invoice us close the month end and get paid by the 15th of the following month.
Dispute resolution
We have an accounts payable team which go through email queries (a dedicated email address is set up for queries). They will check if invoices are on the system and liaise directly with suppliers to obtain missing invoices so that these can be processed for payment and these will be paid within days of receiving the missing invoice. Where we dispute a charge, we will process both the invoice and then a debit note for the disputed amount. We will then reduce our liability on the vendor account and pay the vendor the reduced amount.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2021 | 70 | 21% | 17% | 4 Aug 2021 |
| H1 2021 | 73 | 35% | 25% | 10 Feb 2021 |
| H1 2020 | 40 | 9% | 5% | 7 Sept 2020 |
| H1 2020 | 36 | 4% | 3% | 5 Feb 2020 |
| H1 2019 | 36 | 3% | 2% | 16 Sept 2019 |
| H1 2019 | 37 | 4% | 2% | 28 Feb 2019 |
| H1 2018 | 40 | 5% | 3% | 22 Aug 2018 |
| H1 2018 | 39 | 6% | 5% | 28 Feb 2018 |
Working-capital effect
What a 70-day cycle ties up
Illustrative. On a hypothetical £12k/month account, at a 70-day vs a 30-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers
Are they getting slower or faster?
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-01509274 · latest period to 31 Jul 2021
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