PREZZO LIMITED
Company Information
- Company Number
- 03919682
- Registered Address
- C/O Fti Consulting Llp 200 Aldersgate, Aldersgate Street, London, EC1A 4HD
- Status
- Dissolved
- Employee Count
- 3,495
- Turnover
- £157,246,000
- EBITDA
- -£22,328,000
Additional Details
- Website
- https://www.prezzo.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 4 February 2000
- Nature of Business
- 56101 - Licensed restaurants
- Industries
- Events And Venues, Food And Drink
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2019 - 29 Dec 2019 | 31 Jan 2020 | 26 | 52% | 43% | 5% | 22% |
| 31 Dec 2018 - 30 Jun 2019 | 14 Oct 2019 | 23 | 54% | 45% | 1% | 7% |
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
Standard payments terms are 60 days from the date of receipt 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
60
Dispute Resolution Process
The Accounts Payable team deal with any day-to-day queries from suppliers, including the initial handling of disputes. If necessary, disputes are further escalated to the relevant departmental head, Finance Director or member of the Executive team as appropriate.
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.
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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?
❌
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
PREZZO LIMITED is a UK-based restaurant chain that offers Italian-inspired cuisine. The company was founded in 2000 and has since expanded to over 180 locations in the UK. Their sustainability program focuses on reducing waste, promoting responsible sourcing, and supporting local communities.
Their menu features a variety of classic Italian dishes, including pizzas, pastas, and salads, as well as a selection of wines and cocktails. They also offer a gluten-free menu and have options for vegetarians and vegans.
The key people behind PREZZO LIMITED include CEO Karen Jones, who has over 30 years of experience in the restaurant industry, and Executive Chairman Luke Johnson, a successful entrepreneur and investor.
As part of their sustainability efforts, PREZZO LIMITED has implemented several initiatives, such as using biodegradable packaging, recycling cooking oil, and partnering with local charities to donate surplus food. They also support the Marine Stewardship Council and Rainforest Alliance to ensure responsible sourcing of their seafood and coffee.
To contact PREZZO LIMITED, customers can visit their website at www.prezzo.co.uk or reach out to their registered office at 3rd Floor, 24 Chiswell Street, London, EC1Y 4YX. Overall, PREZZO LIMITED is committed to providing delicious Italian food while also making efforts to be environmentally and socially responsible.
