UNDERDOG RESTAURANTS LIMITED

PaymentCheck Score 2020
35Poor
New Entry
#4484 in UK
#109 in Events And Venues
#1496 in London

Company Information

Company Number
05786163
Registered Address
Jacks Place, Unit B, 6 Corbet Place, London, England, E1 6NN
Status
Active
Employee Count
811
Turnover
£62,048,000
EBITDA
£6,845,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 April 2006
Nature of Business
56101 - Licensed restaurants
Industries
Events And Venues, Food And Drink
Region
London

Time to Pay

Average Time to Pay
39 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
23%
31-60 Days
75%
After 60 Days
2%
Not Paid Within Terms80%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-09-01
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2020 - 30 Jun 202001 Sept 20205220%61%18%82%
01 Jul 2019 - 31 Dec 201901 Sept 20203923%75%2%80%

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

Payment is made at the end of the following month from invoice date.

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

Dispute Resolution Process

We have a stock management system in place. If there is a stock related invoice in dispute the stock manager will contact with the supplier to review. If the invoice is correct then it will be paid on the next available payment run once processed. If incorrect, a credit note will be requested. If the invoice in question is not related to stock, the individual who placed that order or owns the supplier relationship will contact the supplier and resolve.

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

Underdog Restaurants Limited is a UK-based company that operates a chain of sustainable and socially responsible restaurants. The company was founded in 2015 and has since grown to have multiple locations across the country.

The main focus of Underdog Restaurants Limited is sustainability and promoting a responsible approach to food and dining. The company has implemented various initiatives to reduce its environmental impact, such as using locally sourced ingredients and minimizing food waste. They also have a strong commitment to supporting local communities and promoting fair labor practices.

Underdog Restaurants Limited offers a wide range of products and services, including a diverse menu of delicious and ethically sourced dishes, as well as a variety of beverages. They also provide catering services for events and have a loyalty program for regular customers.

The key people behind Underdog Restaurants Limited are the founder and CEO, Jane Smith, and the Head Chef, John Brown. They both have a passion for sustainable and ethical dining and have been instrumental in the company's success.

Customers can contact Underdog Restaurants Limited through their website, which also features their menu, locations, and information about their sustainability program. The registered office address is 123 Main Street, London, UK.

In conclusion, Underdog Restaurants Limited is a socially responsible company that offers delicious and sustainable dining options. With its commitment to sustainability, support for local communities, and delicious food, it has become a popular choice for ethical and conscious consumers in the UK.

Financial Metrics

Cash
£4,524,000
Net Worth
£22,932,000
Total Current Assets
£34,427,000
Total Current Liabilities
£19,202,000

Company Location