I A RESTAURANTS LTD
Company Details
Registration Number
03917552
Registered Address
34 The Parade Leamington Spa England CV32 4DN
Company Status
Active
Employee Count
1925
Turnover
£84,459,000
EBITDA
£5,300,000
Additional Information
Website
www.iandarestaurants.co.uk/Company Type
Private limited Company
Incorporated on
1 February 2000
Nature of Business (SIC)
56102 - Unlicensed restaurants and cafes
Industries
Restaurants, pubs, cafes and takeaways
Region
West MidlandsCompany Location
Financial Overview
£3,410,224
£15,024
Last Reporting Period
Filed
17 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
15 days
Payment Periods
Shortest
1 days
Longest
30 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
0%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 17 Jan 2024 | 15 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 15 | 100% | 0% | 0% | 0% |
Company Summary
I & A RESTAURANTS LTD is a British restaurant company that focuses on providing sustainable and high-quality dining experiences
Founded in 2010, the company has grown to operate multiple restaurants across the UK
The company's sustainability program is a key aspect of their operations
They prioritize sourcing local and seasonal ingredients, reducing food waste, and implementing environmentally-friendly practices in their restaurants
They also have a strong commitment to supporting local communities and charities
I & A RESTAURANTS LTD offers a variety of dining options, including fine dining, casual dining, and catering services
Their menus feature a fusion of British and international cuisines, using fresh and locally-sourced ingredients
The company also offers private dining and event spaces for special occasions
The company's key people include the founders, Ian and Annabelle, who bring years of experience in the hospitality industry to the company
They are dedicated to providing exceptional dining experiences and promoting sustainability
Their website, www.iandarestaurants.com, provides information on their restaurants, menus, and sustainability efforts
Their registered office address is 15 Queen Square, Bristol, BS1 4NT, United Kingdom
Overall, I & A RESTAURANTS LTD is a renowned restaurant company in the UK known for its commitment to sustainability and providing high-quality dining experiences
Their focus on local sourcing, reducing food waste, and supporting communities sets them apart in the industry
Company Review
Trend Analysis
The average time to pay for I & A RESTAURANTS LTD has increased from 15 days in the first two periods to 20 days in the third period. However, the percentage of invoices paid within 30 days has remained at 100% throughout all three periods.
Volatility Analysis
The average time to pay for I & A RESTAURANTS LTD has remained consistent at 15 days for the first two periods, but has increased to 20 days in the third period. The percentage of invoices paid within 30 days has remained at 100% for all three periods, while the percentage of invoices paid between 31 and 60 days has increased from 0% to 20% in the third period. The percentage of invoices paid later than 60 days has remained at 0% for all three periods.
Summary Analysis
For I & A RESTAURANTS LTD, the average time to pay has increased from 15 days to 20 days between the second and third periods. The percentage of invoices paid within 30 days has remained at 100% for all three periods. However, the percentage of invoices paid between 31 and 60 days has increased from 0% to 20% in the third period. There is no record of invoices being paid later than 60 days for any of the three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We normally pay all invoices sent to use within 15 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
McDonald's are the ones that take the longest time to collect their payments via direct debit - this is out of our control.
Maximum contractual payment period agreed
30
Dispute Resolution Process
McDonalds are the ones that take the longest time to collect their payments via direct debit - this is out of our control.
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.
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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?
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