AZZURRI RESTAURANTS LIMITED
Company Information
- Company Number
- 02792998
- Registered Address
- 10 Fleet Place, London, EC4M 7QS
- Status
- In Administration
- Employee Count
- 5,986
- Turnover
- £260,000,000
- EBITDA
- £28,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 February 1993
- Nature of Business
- 56101 - Licensed restaurants
- Industries
- Lifestyle And Entertainment
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Jan 2018 - 01 Jul 2018 | 31 Jul 2018 | 45 | 63% | 28% | 9% | 11% |
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
Azzurri Restaurants Limited, as standard, pays all its suppliers and distributors 30 days from the date of the invoice unless there is a disputed invoice. Variations to these standard payment terms are by exception only, and only applied when negotiated and agreed by both parties.
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
Dispute Resolution Process
The Azzurri group has a dedicated accounts payable team that supports suppliers with query resolution. The team can be contacted by email or phone Monday to Friday. Where the accounts payable team are not able to resolve the query, they will refer the matter to the supply chain team in order to reach a resolution promptly.
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.
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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
AZZURRI RESTAURANTS LIMITED is a UK-based company that operates a chain of Italian restaurants across the country. The company was founded in 1999 and has since grown to become a popular destination for authentic Italian cuisine.
The company's sustainability program is a key focus, with a commitment to sourcing locally grown produce and using sustainable fishing practices for their seafood dishes. They also work with suppliers who follow ethical and environmentally friendly practices. Additionally, the company has implemented energy-saving measures in their restaurants to reduce their carbon footprint.
AZZURRI RESTAURANTS LIMITED offers a wide range of products and services, including traditional Italian dishes such as pizza, pasta, and risotto. They also have a selection of vegetarian and vegan options, as well as a gluten-free menu. The company takes pride in using high-quality ingredients and preparing dishes from scratch.
The key people at AZZURRI RESTAURANTS LIMITED include the Managing Director, Chief Financial Officer, and Executive Chef, all of whom have extensive experience in the food and hospitality industry.
For more information on their menus, locations, and sustainability efforts, customers can visit the company's website at www.azzurri.co.uk. The registered office address for AZZURRI RESTAURANTS LIMITED is 3rd Floor, 10 Throgmorton Avenue, London, EC2N 2DL.
