Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 100/100 qualifies for PaymentCheck Certification
The average time to pay for PIZZAEXPRESS MERCHANDISING LIMITED has fluctuated between 4-13 days over the past three periods, with a slight increase in the most recent period. The company has consistently paid 100% of invoices within 30 days and has not paid any invoices later than 60 days in all periods. However, the percentage of invoices not paid within agreed terms increased from 0% to 33% in the third period before decreasing back to 0% in the fourth and fifth periods.
The volatility for PIZZAEXPRESS MERCHANDISING LIMITED's average time to pay is relatively low, with only a 9-day difference between the highest and lowest averages. The volatility for the percentage of invoices not paid within agreed terms is higher, with a 33% difference between the lowest and highest percentages. However, this volatility is likely due to the small sample size of invoices not paid within agreed terms (only one in the third period).
PIZZAEXPRESS MERCHANDISING LIMITED has consistently paid invoices within 30 days and has not paid any invoices later than 60 days in all periods. The company has also maintained a standard payment period of 30 days. However, there was a slight increase in the average time to pay in the most recent period and a temporary increase in the percentage of invoices not paid within agreed terms in the third period.
| 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 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 10 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 29 Dec 2019 | 28 Jan 2020 | 6 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 4 | 100% | 0% | 0% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 4 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jan 2018 | 24 Jul 2018 | 13 | 94% | 0% | 6% | 6% |
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
30
The company has an accounts payable department who can be contacted by email and will facilitate liaison with the supplier and business to resolve any issues.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
PizzaExpress Merchandising Limited is a registered entity within the PizzaExpress group, the Italian restaurant business that traces its history to the first UK pizzeria opened in Soho in 1965. The wider group now operates more than 360 pizzerias across the UK and Ireland, has expanded into twelve international markets, sells a range of products in supermarkets, and offers home delivery. The group also runs PizzaExpress Live, presenting over 1,500 music shows annually, and launched the PX Records label in 2023. Companies House records this entity under the SIC code for licensed restaurants, reflecting its place within the PizzaExpress corporate structure rather than a standalone trading operation.
Generated from the company's website and Companies House records. Sources: pizzaexpress.com