The average time to pay for APOSTROPHE PUBS LIMITED has increased over the three periods, from 32 days in Oct 2017 to 46 days in Mar 2019. The percentage of invoices paid within 30 days has also decreased from 65% to 17% in the same time frame.
The volatility in the company's payment behavior can be seen in the significant increase in the percentage of invoices paid between 31 and 60 days in the second period (69%) compared to the first period (25%). However, the company has improved in this aspect in the third period, with only 4% of invoices paid later than 60 days.
In the first period, APOSTROPHE PUBS LIMITED had an average time to pay of 32 days, with 65% of invoices paid within 30 days and 11% paid later than 60 days. The company also had a relatively low percentage (35%) of invoices not paid within agreed terms.
| 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 Apr 2018 - 30 Sept 2018 | 02 Nov 2018 | 41 | 24% | 69% | 8% | 39% |
| 01 Oct 2017 - 31 Mar 2018 | 23 Apr 2018 | 32 | 65% | 25% | 11% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days after the end of the 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
30
Payment of Invoices is outsourced; a copy of the invoice should be sent to the pub in question
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
APOSTROPHE PUBS LIMITED is an active private limited company, incorporated on 9 September 1963, based in the East of England region. Registered business activity: Public houses and bars.
From Companies House records.