Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 88.4/100 qualifies for PaymentCheck Certification
| 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 2025 - 30 Jun 2025 | 31 Jul 2025 | 18 | 82% | 10% | 8% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 18 | 82% | 11% | 7% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 20 | 82% | 9% | 9% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 15 Feb 2024 | 16 | 85% | 8% | 7% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 17 | 83% | 14% | 3% | 16% |
| 04 Jul 2022 - 01 Jan 2023 | 22 Mar 2023 | 26 | 64% | 26% | 10% | 33% |
| 02 Jan 2022 - 03 Jul 2022 | 22 Mar 2023 | 34 | 50% | 31% | 18% | 47% |
| 04 Jul 2021 - 01 Jan 2022 | 22 Mar 2023 | 24 | 68% | 20% | 12% | 28% |
| 02 Jan 2021 - 03 Jul 2021 | 22 Mar 2023 | 38 | 56% | 19% | 24% | 40% |
| 03 Jul 2020 - 01 Jan 2021 | 22 Mar 2023 | 25 | 71% | 17% | 12% | 25% |
| 03 Jan 2020 - 02 Jul 2020 | 31 Jul 2020 | 19 | 93% | 4% | 3% | 33% |
| 05 Jul 2019 - 02 Jan 2020 | 30 Jan 2020 | 29 | 58% | 41% | 1% | 10% |
| 29 Jun 2018 - 03 Jan 2019 | 31 Jan 2019 | 30 | 51% | 49% | 0% | 9% |
| 29 Dec 2017 - 28 Jun 2018 | 26 Jul 2018 | 30 | 52% | 48% | 0% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Pret operates periodic payment runs and the operation of these payment cycles means that some suppliers may on occasion receive payment after the due date, but this practice is reflected within the reported net payment terms of 30 days. For suppliers with whom Pret A Manger has a strong relationship, based on mutual agreement, payment terms can go up to 120 days or more
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
360
Pret A Manger's accounts payable team are responsible for processing supplier invoices, matching to purchase orders, and handling dispute resolution. The team can be contacted by email, telephone or letter, and aim to proactively manage any query from suppliers. Where this query results in dispute, this is escalated within the finance team and within the business contact managing the supplier relationship.
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
Pret A Manger (Europe) Limited is the UK-registered entity operating Pret A Manger, a chain of shops selling freshly prepared food and organic coffee. Its menu covers coffee and tea, bakery items, sandwiches, wraps, salads, soups, snacks and bottled drinks, sold through its own outlets and via catering orders for groups and events. The company also operates a subscription scheme offering discounted drinks and menu savings. It is linked to a charitable foundation set up by its founders that donates unsold food to grassroots charities. The registered office is in London, and the company also has a related US entity, Pret A Manger (USA) Ltd, registered separately.
Generated from the company's website and Companies House records. Sources: pret.com · pret.com