LOUNGERS UK LIMITED
Company Information
- Company Number
- 04595806
- Registered Address
- 26 Baldwin Street, Bristol, BS1 1SE
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 November 2002
- Nature of Business
- 56101 - Licensed restaurants
- Industries
- Coming Soon
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
LOUNGERS UK LIMITED exhibits a consistent payment trend, with an average payment time of 50 days and the vast majority (74%) settling within the 31-60 day window. Only a minimal 6% of payments are made within 30 days, indicating that prompt payment is not a standard practice. The trajectory suggests that suppliers should anticipate receivables consistently falling into an extended payment cycle.
Volatility Analysis
Payment behavior is largely predictable around the 50-day average, with 74% of invoices reliably falling within the 31-60 day range, demonstrating low volatility for the main payment bulk. However, a significant 20% of payments extending beyond 60 days introduces a material risk of prolonged outstanding invoices, impacting cash flow. The 2% categorized as 'Late' represents a critical, albeit small, risk factor for severely overdue accounts requiring closer monitoring.
Summary Analysis
Suppliers should prepare for an average 50-day payment cycle, requiring robust cash flow management to accommodate extended credit terms. Key decision factors include the ability to absorb payments often exceeding 60 days for a notable portion of invoices. To mitigate risk, consider negotiating clear payment schedules aligned with their typical 31-60 day window or implementing staggered payment terms for larger orders to reduce exposure to the small percentage of severely overdue payments.
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 |
|---|---|---|---|---|---|---|
| 21 Apr 2025 - 20 Oct 2025 | 19 Nov 2025 | 50 | 6% | 74% | 20% | 2% |
| 29 Oct 2024 - 20 Apr 2025 | 21 May 2025 | 53 | 5% | 73% | 22% | 3% |
| 22 Apr 2024 - 28 Oct 2024 | 27 Nov 2024 | 50 | 7% | 75% | 18% | 5% |
| 17 Oct 2023 - 21 Apr 2024 | 21 May 2024 | 53 | 6% | 72% | 22% | 5% |
| 17 Apr 2023 - 16 Oct 2023 | 14 Nov 2023 | 54 | 5% | 70% | 25% | 7% |
| 18 Oct 2022 - 16 Apr 2023 | 15 May 2023 | 63 | 6% | 71% | 23% | 8% |
| 18 Apr 2022 - 17 Oct 2022 | 14 Nov 2022 | 84 | 5% | 61% | 34% | 4% |
| 19 Oct 2021 - 17 Apr 2022 | 17 May 2022 | 56 | 5% | 69% | 26% | 11% |
| 19 Apr 2021 - 18 Oct 2021 | 12 Nov 2021 | 55 | 6% | 67% | 27% | 16% |
| 20 Oct 2020 - 18 Apr 2021 | 12 May 2021 | 59 | 2% | 64% | 34% | 14% |
| 20 Apr 2020 - 19 Oct 2020 | 24 Nov 2020 | 80 | 6% | 37% | 57% | 52% |
| 22 Apr 2019 - 21 Oct 2019 | 11 Nov 2019 | 56 | 4% | 61% | 35% | 5% |
| 23 Oct 2018 - 21 Apr 2019 | 16 May 2019 | 60 | 4% | 62% | 34% | 5% |
| 23 Apr 2018 - 22 Oct 2018 | 14 Nov 2018 | 45 | 5% | 61% | 34% | 7% |
| 20 Oct 2017 - 22 Apr 2018 | 23 May 2018 | 54 | 6% | 61% | 33% | 7% |
| 24 Apr 2017 - 23 Oct 2017 | 22 Dec 2017 | 52 | 5% | 64% | 31% | 9% |
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
The company operates to a 13 period year and unless otherwise agreed in writing, standard payment terms are the next payment run following 30 days from the end of the month in which an invoice is received (median average 45 days).
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
90
Dispute Resolution Process
The majority of invoices paid outside of terms relate to invoices that have been operationally disputed. Once disputes are resolved, any payments due will be made promptly and included in the next available payment run. Loungers will try to work constructively with our partners to address issues or complaints. Issues with accounts should first be addressed to the AP Manager at accounts@loungers.co, and will be escalated internally to the relevant department and contact. Response should be given within 7 days, although this may vary at busy times of the month.
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.
❌
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
LOUNGERS UK LIMITED is an active private limited company operating in the UK
The company's name identifies its business as operating venues that provide a relaxed and comfortable environment
This company was incorporated on 20 November 2002, with the company number 04595806
Its registered office is located at 26 Baldwin Street, Bristol, BS1 1SE, establishing its base in the South West region
Companies of this nature typically operate hospitality venues such as cafes, bars, and restaurants across the UK
They specialise in providing a diverse range of food and drink services, often within informal settings designed for socialising throughout the day
