FRIDAYS LIMITED
Company Information
- Company Number
- 01005611
- Registered Address
- Chequer Tree Farm, Benenden Road, Cranbrook, Kent, TN17 3PN
- Status
- Active
- Employee Count
- 249
- Turnover
- £55,072,000
- EBITDA
- £1,256,000
Additional Details
- Website
- https://www.fridays.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 23 March 1971
- Nature of Business
- 46330 - Wholesale of dairy products, eggs and edible oils and fats
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for FRIDAYS LIMITED shows a consistent trend of paying invoices within an average of 24 days in the periods between 2018 and 2021. However, there was a slight increase in the average time to pay in 2019, with an average of 27 days. This trend then decreased in the following periods, reaching the lowest average time to pay of 22 days in the most recent period of 2021.
Volatility Analysis
The data for FRIDAYS LIMITED shows a low volatility in terms of the average time to pay, with only a 5-day difference between the highest and lowest average time to pay. There is also a consistent pattern in the percentage of invoices paid within 30 days, with a range of 77-79%. However, there is a slight increase in volatility in the percentage of invoices paid between 31-60 days, with a range of 17-19%, and in the percentage of invoices paid later than 60 days, with a range of 3-6%.
Summary Analysis
Between the three periods analysed, there were no major changes in the average time to pay for FRIDAYS LIMITED. However, there was a decrease in the percentage of invoices paid within 30 days in 2019, with a decrease of 3%. This was also reflected in an increase in the percentage of invoices paid later than 60 days, with an increase of 2%. The most recent period of 2021 shows a slight improvement in both these areas, with an increase of 1% in invoices paid within 30 days and a decrease of 1% in invoices paid later than 60 days. It is worth noting that in all periods, the percentage of invoices paid within the agreed terms (30 days) was consistently high, ranging from 75-79%.
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 |
|---|---|---|---|---|---|---|
| 01 Jan 2021 - 30 Jun 2021 | 16 Aug 2021 | 22 | 77% | 19% | 4% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jul 2020 | 24 | 78% | 17% | 5% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2020 | 27 | 75% | 19% | 6% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Jul 2019 | 24 | 78% | 18% | 4% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Jul 2018 | 24 | 79% | 18% | 3% | 18% |
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
Suppliers are categorised as either agricultural or general. Payment terms for agricultural suppliers are set at 21 days. Payment terms for other suppliers vary between 21 days from invoice receipt, and 60 days from month end, with the most frequent terms being 30 days from month end.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
No
Maximum contractual payment period agreed
90
Dispute Resolution Process
If an invoice is in dispute, the supplier is contacted to discuss and resolve the query. If credit is due, the invoice is held until a credit is received or a debit note is raised to allow the payment to be made.
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.
❌
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
FRIDAYS LIMITED is a well-known restaurant chain that specializes in American-style casual dining. Established in 1965, the company has over 900 locations in more than 60 countries worldwide.
The company's sustainability program is aimed at reducing its environmental impact and promoting sustainable practices. They have implemented energy-efficient measures in their restaurants, such as using LED lighting and installing energy-saving equipment. They also strive to source their ingredients from sustainable and ethical suppliers.
FRIDAYS LIMITED offers a wide range of products and services, including classic American dishes, burgers, ribs, and cocktails. They also have a catering service for events and parties. The company prides itself on providing high-quality food and excellent customer service.
The key people at FRIDAYS LIMITED include CEO Ray Blanchette, who has been with the company since 2018, and Executive Vice President and Chief Financial Officer Stephanie Perdue. The company's registered office address is in Luton, Bedfordshire, and their website address is www.tgifridays.co.uk.
In conclusion, FRIDAYS LIMITED is a popular restaurant chain that is committed to sustainability and providing customers with delicious food and a great dining experience. With a strong leadership team and a strong focus on sustainability, the company continues to grow and expand globally.
