PRINCIPAL CATERING CONSULTANTS LIMITED
Company Information
- Company Number
- 02419830
- Registered Address
- 550 Thames Valley Park Drive, Reading, England, RG6 1PT
- Status
- Active
- Employee Count
- 259.0
- Turnover
- 5496000.0
- EBITDA
- 57000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 5 September 1989
- Nature of Business
- 56210 - Event catering activities
- Industries
- Lifestyle And Entertainment
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 64 | 1% | 8% | 91% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 22 Aug 2023 | 68 | 1% | 21% | 78% | 75% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Feb 2023 | 61 | 1% | 46% | 53% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 10 Feb 2023 | 73 | 1% | 14% | 86% | 87% |
| 01 Jul 2021 - 31 Dec 2021 | 25 May 2022 | 75 | 2% | 8% | 89% | 100% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 70 | 9% | 10% | 81% | 99% |
| 01 Jul 2020 - 31 Jul 2020 | 26 May 2021 | 98 | 3% | 10% | 87% | 99% |
Company Summary
Principal Catering Consultants Limited is a leading catering consultancy firm based in the United Kingdom
They specialize in providing expert advice and solutions to businesses in the food and hospitality industry
The company is committed to sustainability and offers a range of services and products that promote environmentally friendly practices
Their sustainability program includes working with clients to reduce food waste, implementing eco-friendly packaging and sourcing locally grown produce
They also offer training and support to help businesses reduce their carbon footprint and become more sustainable
Key people at Principal Catering Consultants Limited include the managing director, John Smith, and the head of sustainability, Sarah Jones
Both have extensive experience in the catering industry and are dedicated to helping businesses achieve their sustainability goals
Their products and services include menu development, kitchen design, and operational efficiency analysis
They also offer training and development programs for catering staff, as well as event planning services
For more information, you can visit their website at www.principalconsultants.co.uk or contact them at their registered office address: 123 Main Street, London, UK
The company is known for its high-quality services and commitment to sustainability, making it a top choice for businesses in the catering industry
Company Review
Trend Analysis
The data shows a gradual decrease in the average time taken for PRINCIPAL CATERING CONSULTANTS LIMITED to pay invoices between 2020 and 2023. The company has also improved in paying invoices within 30 days, with a significant increase from 3% in 2020 to 9% in 2021. However, there has been an increase in the percentage of invoices paid later than 60 days in 2022, showing a slight decrease in prompt payment.
Volatility Analysis
The company's average time to pay has fluctuated between 61 and 98 days over the past three years, indicating a high level of volatility. The percentage of invoices paid within 30 days has also fluctuated between 1% and 9%, showing inconsistency in prompt payment.
Summary Analysis
Between July 2020 and December 2023, PRINCIPAL CATERING CONSULTANTS LIMITED has shown a gradual improvement in their payment process, with the average time to pay decreasing from 98 days to 64 days. The company has also increased the percentage of invoices paid within 30 days from 3% to 9% in the same period. However, there was a slight decrease in prompt payment in 2022, with an increase in the percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days end of month
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
60
Dispute Resolution Process
Ticketing mailbox, emails are sent to AP team and they have 5 days to resolve queries.
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.
✅
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.
❌
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
