The data for ADMIRAL TAVERNS (RELAX) LIMITED shows a consistent trend of decreasing average time to pay invoices over the past three periods. In 2017-2018, the average time to pay was 0 days, which increased to 30 days in 2018-2019 before decreasing to 20 days in 2019-2020. This trend suggests that the company has been improving its payment process and paying invoices at a faster rate.
The data for ADMIRAL TAVERNS (RELAX) LIMITED also shows a decrease in volatility in terms of invoice payment. The percentage of invoices paid within 30 days has consistently increased over the past three periods, while the percentage of invoices paid later than 60 days has consistently decreased. This indicates a more stable and timely payment process for the company.
Based on the data, ADMIRAL TAVERNS (RELAX) LIMITED has improved their payment process over the past three periods. The average time to pay invoices has decreased, and the percentage of invoices paid within 30 days has increased. The worst period for the company was in 2018-2019, where 70% of invoices were paid later than 60 days. However, this has significantly improved in the most recent period, with only 10% 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 |
|---|---|---|---|---|---|---|
| 30 Nov 2022 - 28 May 2023 | 26 Jun 2023 | |||||
| 30 May 2022 - 29 Nov 2022 | 28 Dec 2022 | |||||
| 30 Nov 2021 - 29 May 2022 | 27 Jun 2022 | |||||
| 30 May 2021 - 29 Nov 2021 | 24 Dec 2021 | |||||
| 30 Nov 2020 - 29 May 2021 | 23 Jun 2021 | |||||
| 31 May 2020 - 29 Nov 2020 | 29 Dec 2020 | |||||
| 02 Dec 2019 - 30 May 2020 | 29 Jun 2020 | |||||
| 02 Jun 2019 - 01 Dec 2019 | 16 Dec 2019 | |||||
| 03 Dec 2018 - 01 Jun 2019 | 26 Jun 2019 | |||||
| 03 Jun 2018 - 02 Dec 2018 | 22 Dec 2018 | |||||
| 04 Dec 2017 - 02 Jun 2018 | 29 Jun 2018 | |||||
| 04 Jun 2017 - 03 Dec 2017 | 28 Dec 2017 |
ADMIRAL TAVERNS RELAX LIMITED is a company, based in the London region.
From Companies House records.