Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Jan 2020 - 30 Jun 2020 | 01 Sept 2020 | 52 | 20% | 61% | 18% | 82% |
| 01 Jul 2019 - 31 Dec 2019 | 01 Sept 2020 | 39 | 23% | 75% | 2% | 80% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 35 | 35% | 63% | 2% | 57% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
UNDERDOG RESTAURANTS LIMITED is an active private limited company, incorporated on 19 April 2006, based in the London region. Registered business activity: Licensed restaurants.
From Companies House records.