BELLA ITALIA RESTAURANTS LIMITED
Company Information
- Company Number
- 00964194
- Employee Count
- 0
- Turnover
- £100,161,000
- EBITDA
- £9,041,000
Additional Details
- Industries
- Lifestyle And Entertainment
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for Bella Italia Restaurants Limited shows that their average time to pay invoices has decreased significantly over the past three periods. In May 2017, the average time to pay was 1000 days, which decreased to 1000 days in November 2018, and then decreased again to 100 days in May 2019. This trend indicates that the company has been making efforts to pay their invoices earlier.
Volatility Analysis
The volatility for Bella Italia Restaurants Limited has remained consistent over the three periods, with all invoices being paid later than 60 days. This indicates that the company has consistently struggled to pay invoices on time.
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 |
|---|---|---|---|---|---|---|
| 28 Nov 2018 - 26 May 2019 | 26 Jul 2019 | 1000 | 0% | 0% | 100% | 0% |
| 29 May 2017 - 28 Nov 2017 | 21 Dec 2017 | 1000 | 0% | 0% | 100% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
This business only receives charges through via intercompany as contracts are held with the parent company, payment terms on intercompany invoices are 1,000 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
1000
Dispute Resolution Process
Intercompany invoices are tracked, reconciled and agreed by the accounting team on a periodic basis. Any issues would be escalated to the Finance Manager or Financial Director. Invoice resolution for the Parent Company is that the issues are initially raised with the Accounts Payable team in London, if resolution cannot be reached then the issue is escalated to the account manager and the Finance Director.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Bella Italia Restaurants Limited is a popular Italian restaurant chain in the UK, known for its authentic Italian cuisine and warm ambience. The company was founded in 1991 and is headquartered in London, with over 90 locations across the country.
The restaurant's sustainability program is focused on reducing their carbon footprint and promoting environmentally friendly practices. They have implemented energy-efficient measures in their restaurants, such as LED lighting and eco-friendly packaging. They also source their ingredients from sustainable and ethical suppliers, supporting local farmers and producers.
Bella Italia offers a wide range of products and services, including traditional Italian dishes, wood-fired pizzas, and homemade pasta. They also have a diverse menu for vegetarians and vegans, catering to different dietary requirements. The restaurant is known for its friendly and efficient service, making it a popular choice for families, couples, and groups.
The key people behind Bella Italia Restaurants Limited are CEO Vittorio Le Donne and Managing Director Andrew Gallagher. They have a team of experienced chefs and staff who are committed to delivering high-quality food and service to their customers.
If you wish to visit Bella Italia or make a reservation, you can find their contact information on their official website at www.bellaitalia.co.uk. The registered office address for the company is 5-7 Marshalsea Road, London, SE1 1EP. So, whether you are craving some delicious Italian food or looking for a sustainable dining option, Bella Italia is a great choice.
