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 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.
| 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% |
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 information available
Any other information about payment terms
No additional information
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?
No information available
PizzaExpress Limited is registered as a licensed restaurant business, operating under SIC code 56101. Companies House records show the company was originally incorporated in 1978 as Star Computers Limited, later becoming Star Computer Group PLC, then PizzaExpress PLC from 1993, before adopting its current name in 2003. The company remains active, with its registered office in Uxbridge, Middlesex. As a licensed restaurant operator, its core activity involves running dining premises serving food and drink to the public under licence. No further detail on trading locations, menu format or corporate group structure is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk