Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The trend for BTG LEISURE HOLDINGS LIMITED's average time to pay invoices has remained relatively stable, with a slight increase in recent periods. However, the percentage of invoices paid within 30 days has shown a consistent increase over the past three periods, while the percentage of invoices paid later than 60 days has also increased in recent periods.
There is some volatility in the data for BTG LEISURE HOLDINGS LIMITED, with fluctuations in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. However, overall, the company has shown a consistent pattern of paying invoices within agreed terms.
From Jan 2018 to July 2023, BTG LEISURE HOLDINGS LIMITED has maintained an average time to pay invoices of around 47-58 days. The company has consistently paid a majority of invoices (72-93%) within the standard payment period of 30 days, with a gradual increase over the past three periods. However, there has also been an increase in the percentage of invoices paid later than 60 days in recent periods, with the highest being 21% in the period ending July 2022. The company has a standard payment period of 31 days.
| 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 |
|---|---|---|---|---|---|---|
| 03 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 45 | 21% | 73% | 6% | 10% |
| 02 Jan 2023 - 02 Jul 2023 | 20 Jul 2023 | 47 | 13% | 81% | 6% | 12% |
| 30 May 2022 - 01 Jan 2023 | 17 Jan 2023 | 48 | 16% | 74% | 10% | 20% |
| 02 Jan 2022 - 29 May 2022 | 01 Aug 2022 | 47 | 18% | 72% | 10% | 18% |
| 05 Jul 2021 - 02 Jan 2022 | 28 Jan 2022 | 45 | 14% | 82% | 4% | 11% |
| 28 Dec 2020 - 04 Jul 2021 | 27 Jul 2021 | 58 | 12% | 67% | 21% | 37% |
| 29 Jun 2020 - 27 Dec 2020 | 28 Jan 2021 | 58 | 10% | 74% | 16% | 36% |
| 30 Dec 2019 - 28 Jun 2020 | 27 Jul 2020 | 53 | 7% | 79% | 15% | 27% |
| 01 Jul 2019 - 29 Dec 2019 | 30 Jan 2020 | 48 | 7% | 86% | 7% | 24% |
| 31 Dec 2018 - 30 Jun 2019 | 07 Aug 2019 | 48 | 2% | 93% | 5% | 14% |
| 02 Jul 2018 - 30 Dec 2018 | 30 Jan 2019 | 46 | 9% | 86% | 5% | 17% |
| 01 Jan 2018 - 01 Jul 2018 | 27 Jul 2018 | 47 | 9% | 82% | 9% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are the last business day of the month after the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
None
Maximum contractual payment period agreed
61
All suppliers can contact the Accounts Payable team by phone or email to check the status of their invoice at any time during normal business hours. Disputes would typically be escalated to a senior member of the finance, procurement or relevant operational function. If necessary, this may be further escalated to the relevant executive board member.
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
BTG Leisure Holdings Limited is a long-established UK registered company, first incorporated in 1966. It has traded under several names over the decades, including The Arches Development Co, Dukes (Restaurants), City Centre Restaurants and, most recently, The Restaurant Group (UK) Limited until late 2023, when it took its current name. Its registered activity is classified under licensed restaurants, indicating it functions as a holding entity within a restaurant-operating group rather than a directly trading outlet itself. The company remains active on the UK register, with no indication in the available evidence of its current operational trading beyond this holding role within the wider restaurant business.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk