LAS IGUANAS LIMITED
Company Information
- Company Number
- 02479566
- Employee Count
- 0
- Turnover
- £82,000,000
- EBITDA
- £4,000,000
Additional Details
- Website
- https://iguanaspeople.co.uk/
- Industries
- Events And Venues, Food And Drink, Travel And Transportation
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for LAS IGUANAS LIMITED's average time to pay invoices has been consistently high at 1000 days for the past two periods.
Volatility Analysis
The volatility for LAS IGUANAS LIMITED's average time to pay invoices has been stable at 1000 days for the past two periods.
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 |
|---|---|---|---|---|---|---|
| 28 Nov 2018 - 26 May 2019 | 26 Jul 2019 | 1000 | 0% | 0% | 100% | 0% |
| 29 May 2017 - 28 Nov 2017 | 21 Dec 2017 | 1000 | 0% | 0% | 100% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
This business only receives charges through via intercompany as contracts are held with the parent company, payment terms on intercompany invoices are 1,000 days.
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
1000
Dispute Resolution Process
Intercompany invoices are tracked, reconciled and agreed by the accounting team on a periodic basis. Any issues would be escalated to the Finance Manager or Financial Director. Invoice resolution for the Parent Company is that the issues are initially raised with the Accounts Payable team in London, if resolution cannot be reached then the issue is escalated to the account manager and the Finance Director.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
LAS IGUANAS LIMITED is a restaurant chain based in the United Kingdom, offering Latin American cuisine. The company was founded in 1991 and currently has over 55 locations across the UK. Their registered office address is located in London.
The company's sustainability program focuses on reducing waste and promoting sustainable sourcing. They partner with local suppliers and use sustainable packaging materials. They also have a recycling program in place and actively promote energy efficiency in their restaurants.
LAS IGUANAS LIMITED offers a range of Latin American dishes, including traditional dishes such as fajitas, enchiladas, and empanadas, as well as a variety of vegetarian and vegan options. They also have a range of cocktails and drinks inspired by Latin American flavors.
The key people in the company include the CEO, Mos Shamel, who has been with the company since 2005, and the Executive Chef, Glenn Evans, who is responsible for creating and developing their menu. The company also has a team of experienced chefs and a dedicated customer service team to ensure a high-quality dining experience for their customers.
Customers can visit the company's website, www.iguanas.co.uk, to view their menu, find locations, and make reservations. The website also includes information on their sustainability efforts and links to their social media pages. Customers can also contact the company via email or phone for any inquiries.
In summary, LAS IGUANAS LIMITED is a well-established restaurant chain in the UK, offering Latin American cuisine and promoting sustainability in their operations. With a dedicated team and a wide range of menu options, the company continues to provide a unique dining experience for its customers.
