Registration Number
01404552
Registered Address
Building 01 Arc Uxbridge Sanderson Road Uxbridge Middlesex United Kingdom UB8 1DH
Company Status
Active
Employee Count
3
Turnover
£0
EBITDA
£-812,000
Website
pizzaexpresslive.co.uk/Company Type
Private limited Company
Incorporated on
11 December 1978
Nature of Business (SIC)
56101 - Licensed restaurants
Industries
Restaurants, pubs, cafes and takeaways
Region
South East£3,000
£-71,795,000
Filed
13 Jan 2021
Period
01 Jul 2020 - 31 Dec 2020
Average Time to Pay
58 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Not Paid Within Terms
100%
| 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 Jul 2020 - 31 Dec 2020 | 13 Jan 2021 | 58 | 0% | 67% | 33% | 100% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 49 | 36% | 36% | 28% | 75% |
| 01 Jul 2019 - 29 Dec 2019 | 28 Jan 2020 | 58 | 33% | 29% | 38% | 57% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 36 | 52% | 45% | 3% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 39 | 54% | 35% | 11% | 46% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 37 | 44% | 50% | 6% | 56% |
PizzaExpress Limited is a leading UK-based restaurant chain that specializes in Italian-style pizza
The company was founded in 1965 and has since grown to have over 500 restaurants worldwide
Their registered office address is at Hunton House, Highbridge Estate, Oxford Road, Uxbridge, Middlesex, UB8 1LX
The company's sustainability program focuses on reducing their environmental impact and promoting ethical and socially responsible practices
They have implemented initiatives such as using sustainable ingredients, reducing food waste, and promoting recycling and energy-efficient practices
They also work closely with their suppliers to ensure fair labor practices and reduce carbon emissions
PizzaExpress offers a wide range of vegetarian and vegan options, making them a popular choice for those with dietary restrictions
They have also introduced gluten-free options for customers with gluten allergies
The company sources their ingredients from local suppliers and uses fresh, high-quality produce in their dishes
The key people in PizzaExpress include Jinlong Wang, the CEO, and Zoe Bowley, the Managing Director
They have a team of experienced chefs and staff who are passionate about providing a unique and enjoyable dining experience for their customers
In addition to their traditional dine-in restaurants, PizzaExpress also offers delivery and takeaway services, making their delicious pizzas accessible to a wider audience
They also have an online ordering system and a loyalty program for their frequent customers
To keep up with the latest news and promotions, customers can visit the company's website at www.pizzaexpress.com
They can also follow PizzaExpress on social media platforms such as Facebook, Instagram, and Twitter
In summary, PizzaExpress Limited is a popular restaurant chain known for its delicious pizzas and commitment to sustainability
With a wide range of menu options, efficient delivery services, and a focus on ethical practices, PizzaExpress continues to be a top choice for Italian-style dining in the UK and beyond
The trend for PizzaExpress Limited shows an increase in the average time taken to pay invoices, with a peak in the last period (2020-07-01 to 2020-12-31) at 58 days. There has also been a decrease in the percentage of invoices paid within 30 days, with a low of 0% in the last period. The percentage of invoices paid between 31 and 60 days has fluctuated, with a high of 67% in the last period. The percentage of invoices paid later than 60 days has also increased, reaching a high of 38% in the fourth period (2019-07-01 to 2019-12-29). The percentage of invoices not paid within agreed terms has consistently been above 50%, with a high of 100% in the last period. The shortest standard payment period has remained consistent at 30 days throughout all periods.
There has been significant volatility in the data for PizzaExpress Limited, particularly in the last two periods. This is reflected in the fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days, as well as the increase in the average time to pay invoices. The highest volatility can be seen in the percentage of invoices not paid within agreed terms, which has varied between 46% and 100%.
In the last three periods (2019-07-01 to 2020-12-31), there has been a noticeable decrease in the percentage of invoices paid within 30 days and an increase in the average time taken to pay invoices. The last period (2020-07-01 to 2020-12-31) also saw a significant increase in the percentage of invoices paid between 31 and 60 days and those paid later than 60 days, with the latter reaching a high of 38%. There has also been a consistent trend of the majority of invoices not being paid within agreed terms, with a high of 100% in the last period. The shortest standard payment period has remained consistent at 30 days throughout all periods.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice.
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
30
The company has an accounts payable department who can be contacted by email who will facilitate liaison with the supplier and business to resolve any issue.
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?
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