WAGAMAMA LIMITED
Company Information
- Company Number
- 02605751
- Registered Address
- 5-7 Marshalsea Road, London, England, SE1 1EP
- Status
- Active
- Employee Count
- 7728.0
- Turnover
- 419877000.0
- EBITDA
- 59114000.0
Additional Details
- Website
- https://china-diner.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 29 April 1991
- Nature of Business
- 56101 - Licensed restaurants
- Industries
- Lifestyle And Entertainment
- Region
- London
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 |
|---|---|---|---|---|---|---|
| 03 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 45 | 21% | 73% | 6% | 10% |
| 02 Jan 2023 - 02 Jul 2023 | 21 Jul 2023 | 48 | 21% | 71% | 8% | 10% |
| 24 Apr 2022 - 01 Jan 2023 | 17 Jan 2023 | 45 | 25% | 67% | 8% | 10% |
| 24 Oct 2021 - 23 Apr 2022 | 18 May 2022 | 41 | 27% | 65% | 8% | 4% |
| 24 Apr 2021 - 23 Oct 2021 | 23 Nov 2021 | 47 | 20% | 72% | 8% | 2% |
| 24 Oct 2020 - 23 Apr 2021 | 21 May 2021 | 56 | 11% | 70% | 19% | 14% |
| 24 Apr 2020 - 23 Oct 2020 | 25 Nov 2020 | 58 | 14% | 61% | 25% | 14% |
| 24 Oct 2019 - 23 Apr 2020 | 22 May 2020 | 50 | 7% | 83% | 10% | 12% |
| 24 Apr 2019 - 23 Oct 2019 | 22 Nov 2019 | 49 | 5% | 87% | 8% | 15% |
| 24 Oct 2018 - 23 Apr 2019 | 23 May 2019 | 48 | 10% | 80% | 10% | 20% |
| 24 Apr 2018 - 23 Oct 2018 | 23 Nov 2018 | 45 | 15% | 79% | 6% | 18% |
| 24 Oct 2017 - 23 Apr 2018 | 23 May 2018 | 47 | 18% | 75% | 7% | 13% |
| 24 Apr 2017 - 23 Oct 2017 | 22 Nov 2017 | 45 | 15% | 79% | 6% | 17% |
Company Summary
WAGAMAMA LIMITED is a renowned restaurant chain based in the United Kingdom that specializes in Japanese-inspired cuisine
The company was founded in 1992 and has since expanded to over 200 locations worldwide
The restaurant chain is known for its sustainability efforts, with a strong focus on reducing waste and promoting environmentally-friendly practices
They have implemented a sustainable packaging policy and have also introduced a plant-based menu to cater to the growing demand for vegan and vegetarian options
In addition to their sustainability program, WAGAMAMA LIMITED also offers a variety of dishes inspired by Japanese cuisine, including ramen, donburi, and teppanyaki
They are committed to using fresh, locally-sourced ingredients and have a partnership with the Marine Stewardship Council to ensure sustainable seafood sourcing
The key people at WAGAMAMA LIMITED include CEO Emma Woods, who has been with the company since 2018, and Executive Chef Steve Mangleshot, who has been with the company for over 20 years
For more information on WAGAMAMA LIMITED and their products and services, you can visit their website at www.wagamama.com
Their registered office address is 76 Wardour Street, London, W1F 0UR, United Kingdom
Company Review
Trend Analysis
The average time taken for WAGAMAMA LIMITED to pay invoices has fluctuated between 45 and 58 days over the past three years. However, there is a downward trend, with the current period (2021-04-24 to 2021-10-23) showing the lowest average time to pay at 47 days.
Volatility Analysis
The company's volatility in paying invoices can be seen in the varying percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The highest volatility can be seen in the current period, with a 25% increase in invoices paid later than 60 days compared to the previous period (2020-10-24 to 2021-04-23).
Summary Analysis
From 2017 to 2021, WAGAMAMA LIMITED has shown an overall improvement in their payment terms, with the average time to pay decreasing from 45 to 47 days. The company has also consistently paid a high percentage of invoices within 30 days, with a peak of 27% in the current period (2021-10-24 to 2022-04-23). However, there has been an increase in invoices paid later than 60 days in the current period compared to the previous period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are the last business day of the month after the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
None
Maximum contractual payment period agreed
61
Dispute Resolution Process
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
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
