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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 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
60
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.
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?
No information available
Busaba Eathai Limited is a registered UK company operating Busaba, a modern Thai restaurant brand serving Bangkok-inspired dishes such as salads, curries, stir-fries and wok noodles, made to share, with an emphasis on plant-based options. It runs restaurant locations across London, offering dine-in, click and collect, and delivery through Just Eat. The brand originated in Soho in 1999 and later expanded to multiple sites across Central London, currently operating 13 restaurant locations. The company is incorporated as a licensed restaurant business and remains active.
Generated from the company's website and Companies House records. Sources: busaba.com · busaba.com