JUST EATCOUK LTD
Company Information
- Company Number
- 04656315
- Registered Address
- Fleet Place House, 2 Fleet Place, London, United Kingdom, EC4M 7RF
- Status
- Active
- Employee Count
- 1277.0
- Turnover
- 1058800000.0
- EBITDA
- 86500000.0
Additional Details
- Website
- https://www.just-eat.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 4 February 2003
- Nature of Business
- 63120 - Web portals
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 | 31 Jan 2024 | 18 | 95% | 4% | 1% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 26 | 91% | 6% | 3% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 17 | 98% | 1% | 1% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 25 | 97% | 1% | 3% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 15 | 98% | 1% | 1% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 13 | 99% | 1% | 0% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Jan 2021 | 17 | 98% | 1% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 12 | 98% | 1% | 1% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 13 | 98% | 1% | 1% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 8 | 99% | 1% | 0% | 35% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 15 | 98% | 0% | 2% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 11 | 98% | 2% | 0% | 31% |
Company Summary
JUST EAT.CO.UK LTD is a British online food order and delivery service company that was founded in 2001
The company's mission is to make food discovery and delivery quick, easy and hassle-free for their customers
They operate a website and mobile app which allows users to search for local restaurants, browse menus, and place orders for home delivery or takeaway
The company's sustainability program aims to reduce their environmental impact and promote sustainable practices within their operations
They have implemented measures such as using eco-friendly packaging and promoting the use of reusable containers for food delivery
JUST EAT.CO.UK LTD also partners with local charities and food banks to reduce food waste and support the community
Their product range includes a wide variety of cuisines from popular chain restaurants to local independent eateries
They also offer a range of dietary options, such as vegetarian, vegan, and gluten-free, to cater to different needs
The company continuously updates their platform with new features and technologies to improve the user experience
Key people in the company include Peter Plumb, the CEO, and Paul Harrison, the Chief Technology Officer
They lead a team of over 2,000 employees who are dedicated to providing the best service to their customers
For any inquiries or support, customers can contact JUST EAT.CO.UK LTD through their website or by calling their customer service hotline
Their registered office address is located in London, United Kingdom
Their website address is www.just-eat.co.uk
In conclusion, JUST EAT.CO.UK LTD is a leading online food ordering and delivery service in the UK, with a focus on sustainability and providing a diverse range of food options to their customers
They have a dedicated team and offer convenient ways for customers to contact them for any assistance
Company Review
Trend Analysis
The average time to pay for JUST EAT.CO.UK LTD has fluctuated over the past three years, but has generally remained below 20 days. However, there was a spike in the first half of 2022 when it reached 25 days. Additionally, the percentage of invoices paid within 30 days has remained consistently high, ranging from 97% to 99%.
Volatility Analysis
The volatility for JUST EAT.CO.UK LTD has been relatively low, with the average time to pay and the percentages of invoices paid within 30 days remaining relatively stable. However, there was a significant increase in the percentage of invoices paid later than 60 days in the first half of 2023, which could be a cause for concern.
Summary Analysis
In the past three periods, JUST EAT.CO.UK LTD has shown a consistent trend of paying invoices within 30 days, with an average time to pay ranging from 8 to 18 days. The majority of invoices were paid within the agreed terms, with the percentage not paid within terms ranging from 4% to 44%. The best period for early payment was in the first half of 2019 when 99% of invoices were paid within 30 days. The worst period for late payment was in the first half of 2023 when 6% of invoices were paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Just-Eat UK have standard payment terms of 30 days with suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Excluded from the number above are payments to couriers operating under our Independent Contractor Model, excluded due to the high volume of payments and different standard payment terms. The standard payment terms are 5 working days, and the average days to pay for the reporting period was 5.
Maximum contractual payment period agreed
30
Dispute Resolution Process
In the event of a supplier dispute over payments, the Just-Eat UK Finance team are the first point of contact. If the dispute cannot be resolved simply the matter will be escalated to the Finance Manager or Financial Controller.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
