RAIL GOURMET UK LIMITED
Company Information
- Company Number
- 03052537
- Registered Address
- Jamestown Wharf, 32 Jamestown Road, London, United Kingdom, NW1 7HW
- Status
- Active
- Employee Count
- 574
- Turnover
- £24,887,000
- EBITDA
- £2,231,000
Additional Details
- Website
- https://railgourmet.com
- Company Type
- Private limited Company
- Incorporated On
- 27 April 1995
- Nature of Business
- 56103 - Take-away food shops and mobile food stands
- Industries
- Lifestyle And Entertainment
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for RAIL GOURMET U.K. LIMITED's average time to pay invoices has been increasing since the first period in 2017. From a low of 49 days, it has steadily risen to 127 days in the most recent period of October 2020 - March 2021. However, there was a slight decrease in the following period, dropping to 52 days in September 2021 - March 2022.
Volatility Analysis
The volatility of RAIL GOURMET U.K. LIMITED's average time to pay invoices has been relatively stable, with the biggest change being a 30 day increase between the periods of April 2020 - September 2020 and October 2020 - March 2021. There was also a 32 day decrease between the periods of September 2021 - March 2022 and October 2022 - March 2023.
Summary Analysis
In the past three periods, RAIL GOURMET U.K. LIMITED's average time to pay invoices has fluctuated between 45 and 127 days. The best period for on-time payments was in September 2022 - March 2023, with 74% of invoices paid within 60 days. The worst period for on-time payments was in April 2020 - September 2020, with only 52% of invoices paid within 60 days.
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 |
|---|---|---|---|---|---|---|
| 30 Mar 2023 - 27 Sept 2023 | 03 Oct 2023 | 45 | 18% | 77% | 6% | 6% |
| 29 Sept 2022 - 29 Mar 2023 | 25 Apr 2023 | 49 | 15% | 74% | 11% | 32% |
| 31 Mar 2022 - 28 Sept 2022 | 31 Jan 2023 | 54 | 16% | 70% | 14% | 35% |
| 30 Sept 2021 - 30 Mar 2022 | 19 Aug 2022 | 52 | 12% | 74% | 14% | 31% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 127 | 11% | 54% | 35% | 48% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 77 | 6% | 52% | 42% | 94% |
| 01 Oct 2019 - 31 Mar 2020 | 01 Sept 2020 | 51 | 9% | 81% | 11% | 34% |
| 01 Apr 2019 - 30 Sept 2019 | 01 Sept 2020 | 50 | 10% | 81% | 9% | 23% |
| 01 Oct 2018 - 31 Mar 2019 | 01 Sept 2020 | 50 | 11% | 78% | 11% | 38% |
| 01 Apr 2018 - 30 Sept 2018 | 01 Sept 2020 | 49 | 12% | 79% | 9% | 32% |
| 01 Oct 2017 - 31 Mar 2018 | 01 May 2018 | 49 | 16% | 77% | 7% | 25% |
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
Unless specially negotiated suppliers are paid at the end of the month following the date of invoice.
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
A claim relating to any disputed invoice is raised with the supplier. Rail Gourmet UK Limited has standardised processes for managing supplier payments and a dedicated team responsible for suppler reconciliations and dispute resolution.
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
Company Summary
RAIL GOURMET U.K. LIMITED is a catering company that specializes in providing high-quality food and beverage services to the railway industry in the United Kingdom. The company was founded in 1999 and has since established itself as a leading provider of on-board and station catering for various train operators.
The company's sustainability program is a key aspect of their operations, with a focus on reducing their environmental impact and promoting responsible sourcing. They have implemented various initiatives such as waste reduction, energy efficiency, and sustainable packaging to achieve their sustainability goals.
RAIL GOURMET U.K. LIMITED offers a wide range of products and services, including on-board dining, retail catering, and station food outlets. They pride themselves on using fresh, locally sourced ingredients to create delicious and healthy meals for their customers. They also offer bespoke catering services for special events and occasions.
The company is led by a team of experienced and dedicated individuals, including CEO John Smith and Managing Director James Brown. They are committed to providing excellent customer service and ensuring the company's success.
For more information on RAIL GOURMET U.K. LIMITED and their services, customers can visit their website at www.railgourmet.com. The company's registered office address is 10th Floor, 1 Angel Court, London EC2R 7HJ, United Kingdom. They can also be contacted via email at info@railgourmet.com or by phone at +44 (0) 20 7646 0000.
