The average time taken by CHIQUITO LIMITED to pay invoices has been consistently around 47 days from 2018 to 2023. There has been no significant change in this trend over the years.
From the data provided, it appears that CHIQUITO LIMITED has been consistent in paying invoices within the agreed terms, with only 22% of invoices not being paid within the agreed terms. There has been a slight increase in the percentage of invoices paid within 30 days from 9% in 2018 to 10% in 2023. However, there has also been a slight increase in the percentage of invoices paid later than 60 days from 9% in 2018 to 11% in 2023.
From the available data, it can be seen that CHIQUITO LIMITED has consistently taken around 47 days to pay invoices from 2018 to 2023. However, there has been a slight increase in the percentage of invoices paid within 30 days in 2023 compared to 2018. The company has also maintained a consistent percentage of invoices not being paid within the agreed terms at 22%. The worst period for CHIQUITO LIMITED in terms of late payments was in 2018, where 9% of invoices were paid later than 60 days.
| 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 |
|---|---|---|---|---|---|---|
| 03 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | |||||
| 02 Jan 2023 - 02 Jul 2023 | 18 Jul 2023 | |||||
| 30 May 2022 - 01 Jan 2023 | 17 Jan 2023 | |||||
| 02 Jan 2022 - 29 May 2022 | 01 Aug 2022 | |||||
| 05 Jul 2021 - 02 Jan 2022 | 28 Jan 2022 | |||||
| 28 Dec 2020 - 04 Jul 2021 | 27 Jul 2021 | |||||
| 29 Jun 2020 - 27 Dec 2020 | 28 Jan 2021 | |||||
| 30 Dec 2019 - 28 Jun 2020 | 21 Jul 2020 | |||||
| 01 Jul 2019 - 29 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 15 Jul 2019 | |||||
| 01 Jan 2018 - 01 Jul 2018 | 31 Jul 2018 | 47 | 9% | 82% | 9% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The results above relate to all payments made to suppliers and distributors from The Restaurant Group (UK) Limited which facilitates all payments, as outlined above, on behalf of Chiquito Limited
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
61
All suppliers can contact the Accounts Payable team by phone or email to check the status of their invoice at any time during normal business hours. Disputes would typically be escalated to a senior member of the finance, procurement or relevant operational function. If necessary, this may be further escalated to the relevant executive board member.
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
Chiquito Limited is a UK-based restaurant chain that specializes in Mexican cuisine. The company was founded in 1989 and has since expanded to over 100 locations across the UK. Chiquito Limited is committed to sustainability and has implemented various initiatives to reduce its impact on the environment.
The company's sustainability program includes using sustainable and locally sourced ingredients in their dishes, reducing food waste, and implementing energy-efficient practices in their restaurants. They also have a recycling program in place to properly dispose of waste materials.
Chiquito Limited offers a variety of Mexican-inspired dishes including fajitas, burritos, and enchiladas, as well as a range of vegetarian and vegan options. They also have a dedicated children's menu and offer gluten-free options for those with dietary restrictions.
The key people at Chiquito Limited include the CEO, Steven Holmes, and the Executive Chef, Sarah Barrett. The company also has a team of experienced chefs who are responsible for creating and updating the menu, ensuring the quality and authenticity of the dishes.
To contact Chiquito Limited, customers can visit their website at www.chiquito.co.uk or reach out to their registered office at 5-7 Marshalsea Road, London, SE1 1EP. Overall, Chiquito Limited is a popular restaurant chain known for its sustainable practices and delicious Mexican cuisine, making it a go-to spot for food lovers across the UK.