UK : TUI and Thomas Cook 'among worst offenders for late payments'
Thursday, November 8, 2018

TUI and Thomas Cook are among the worst offending business for late payments, forcing some suppliers to wait several months for their cash, according to a new report.

Research by invoicing company Business Expert found that 96% of TUI UK Transport invoices are not paid within the agreed terms. It claimed that, on average, the travel giant takes makes suppliers wait 129 days for payment.

TUI Transport, which is only a small part of the TUI group, was the eighth worst offender in the UK, while Thomas Cook, which, according to the report, pays only 80% of its UK invoices on time and takes an average of 88 days to pay, was 25 on the list.

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