BUSABA EATHAI LIMITED
Company Information
- Company Number
- 04956194
- Registered Address
- 27 Old Gloucester Street, London, England, WC1N 3AX
- Status
- Active
- Employee Count
- 395
- Turnover
- £21,074,000
- EBITDA
- £950,000
Additional Details
- Website
- https://busaba.com
- Company Type
- Private limited Company
- Incorporated On
- 6 November 2003
- Nature of Business
- 56101 - Licensed restaurants
- Industries
- Events And Venues, Food And Drink
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for BUSABA EATHAI LIMITED to pay invoices has decreased from 45 days in May 2017 to 40 days in November 2018. The percentage of invoices paid within 30 days has also increased from 85% to 90% during this period. This shows a positive trend towards early payment.
Volatility Analysis
The percentage of invoices paid between 31 and 60 days has remained relatively stable at 9-10% over the three periods. However, there has been a decrease in the percentage of invoices paid later than 60 days, from 5% to 2%. This indicates a decrease in volatility and a more consistent payment pattern.
Summary Analysis
In the three periods analysed, BUSABA EATHAI LIMITED has shown a positive trend towards early payment, with the average time to pay decreasing and the percentage of invoices paid within 30 days increasing. There has also been a decrease in volatility, with a lower percentage of invoices paid later than 60 days.
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 |
|---|---|---|---|---|---|---|
| 28 May 2017 - 27 Nov 2017 | 06 Apr 2018 | 45 | 85% | 10% | 5% | 5% |
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
60 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Reconcile supplier statements. It may be a detailed process, or simply an explanation that a complaint or concern will be considered by a particular department or job title, the usual timescale and next steps.
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.
✅
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
BUSABA EATHAI LIMITED is a British restaurant chain that specializes in Thai cuisine. The company was founded in 1999 and currently has 13 locations across the UK.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. These include using sustainable and locally-sourced ingredients, reducing waste and implementing energy-saving measures in their restaurants.
BUSABA EATHAI offers a wide range of authentic Thai dishes, including curries, stir-fries, and noodle dishes. They also have a vegetarian and vegan menu to cater to different dietary requirements.
The key people in the company include founder and CEO, Alan Yau, who is a well-known restaurateur in the UK. The company also has a team of experienced chefs who bring their expertise in Thai cuisine to create delicious and authentic dishes.
To contact BUSABA EATHAI, customers can visit their website at www.busaba.com, where they can find information about their menu, locations, and make reservations. The registered office address for the company is 106-110 Wardour Street, London, W1F 0TR.
In summary, BUSABA EATHAI LIMITED is a sustainable restaurant chain offering authentic Thai cuisine. With a commitment to sustainability and a team of experienced chefs, the company continues to provide customers with delicious and ethically-sourced dishes. Customers can visit their website or contact them at their registered office for more information.
