WAGAMAMA International exhibits a consistent payment trend, with 90% of invoices settling within the 31-60 day range, pushing their average payment time to 48 days. This indicates a predictable pattern of payments occurring beyond a standard 30-day term, firmly establishing a 45-60 day expectation.
The high concentration of payments (90%) within the 31-60 day window suggests strong predictability for when most invoices will be settled. However, the 9% overall late payment rate, combined with 5% of payments exceeding 60 days, introduces a moderate but notable element of unreliability for a segment of transactions.
Suppliers should anticipate an average payment cycle of approximately 48 days from WAGAMAMA International, consistently falling into the 31-60 day bracket. It is advisable to adjust cash flow projections accordingly and consider implementing credit terms that align with a 60-day window, potentially requiring upfront deposits or shorter credit limits to mitigate the 9% late payment risk.
| 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 2024 - 29 Dec 2024 | 16 Jan 2025 | 48 | 9% | 87% | 4% | 7% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
None
Maximum contractual payment period agreed
61
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.
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
WAGAMAMA INTERNATIONAL (FRANCHISING) LIMITED is an active private limited company primarily involved in franchising activities. Its name indicates it specialises in granting and managing franchise agreements for the Wagamama brand on an international scale.
The company was incorporated on 22 November 1999 and operates under company number 03881186. Its registered office is located at 5-7 Marshalsea Road, London, England, SE1 1EP.
Companies specialising in franchising typically manage and develop a brand's presence through a network of franchised operations. This involves granting franchisees the rights to use the brand name, business model, and operational systems in exchange for fees. They also provide ongoing support, training, and ensure brand consistency across all franchised outlets.