Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for PIZZAEXPRESS (WHOLESALE) LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in 2019 followed by a sharp decrease in 2020. The percentage of invoices paid within 30 days has also shown a similar trend, with a dip in 2019 and a significant increase in 2020. However, there has been a consistent increase in the percentage of invoices paid later than 60 days, with a peak in 2020.
There has been high volatility in the percentage of invoices paid within 30 days, with a difference of 9% between the lowest and highest values. The percentage of invoices paid later than 60 days has also shown high volatility, with a difference of 23% between the lowest and highest values.
For PIZZAEXPRESS (WHOLESALE) LIMITED, the average time taken to pay invoices has decreased over the past three periods, with the lowest value of 39 days in 2020. The percentage of invoices paid within 30 days has also increased, with a peak of 66% in 2020. However, there has been a consistent increase in the percentage of invoices paid later than 60 days, with the highest value of 32% in 2020. The standard payment period has remained constant at 7 days throughout all the periods.
| 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 2020 - 31 Dec 2020 | 13 Jan 2021 | 66 | 17% | 51% | 32% | 60% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 39 | 66% | 19% | 15% | 42% |
| 01 Jul 2019 - 29 Dec 2019 | 28 Jan 2020 | 39 | 60% | 28% | 12% | 52% |
| 01 Jan 2019 - 01 Jun 2019 | 26 Jul 2019 | 44 | 52% | 35% | 13% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 59 | 51% | 31% | 18% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 39 | 48% | 43% | 9% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice.
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
88
The company has an accounts payable department who can be contacted by email who will facilitate liaison with the supplier and business to resolve any issue.
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
PizzaExpress (Wholesale) Limited is a UK-registered company forming part of the wider PizzaExpress group. The group operates Italian restaurants, having opened its first pizzeria in London in 1965, and now runs over 360 pizzerias across the UK and Ireland with a presence in twelve further international markets. Its menu items are also sold in UK supermarkets and available via home delivery. The group additionally runs PizzaExpress Live, presenting shows across various venues, and a related record label. This entity is registered separately from the main trading restaurant company and its own operational role within the group is not detailed in the available evidence, though it sits under the same PizzaExpress restaurant brand.
Generated from the company's website and Companies House records. Sources: pizzaexpress.com · pizzaexpress.com