Score of 95.97/100 qualifies for PaymentCheck Certification
| 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 Jul 2025 - 31 Dec 2025 | 23 Jan 2026 | 12 | 90% | 8% | 2% | 2% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 11 | 93% | 6% | 1% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 16 Jan 2025 | 10 | 93% | 6% | 1% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 12 | 91% | 8% | 1% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 17 Jan 2024 | 11 | 92% | 7% | 1% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 11 | 93% | 6% | 1% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 11 | 92% | 7% | 1% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 11 | 93% | 6% | 1% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Jan 2022 | 10 | 94% | 6% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 10 | 93% | 7% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 13 | 92% | 5% | 3% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 14 | 91% | 8% | 1% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 12 | 94% | 5% | 1% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 12 | 94% | 5% | 1% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 12 | 95% | 4% | 1% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 16 Jul 2018 | 10 | 95% | 5% | 0% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequently used payment terms is 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
A number of suppliers are paid by direct debit. On the rare occasion where the direct debit falls on a weekend, the payment period can exceed 30 days. Where this is the case, the payment is processed the next working day.
Maximum contractual payment period agreed
90
Should any supplier have a dispute regarding the payment of invoices, this is dealt with by the accounts department who will aim to resolve the query immediately via a telephone call or email.
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
Premium Restaurants Limited is a British company that operates a chain of high-end restaurants across the country. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes measures such as sourcing local and organic ingredients, reducing food waste, and using energy-efficient equipment. They also have a recycling program in place and strive to minimize their carbon footprint through efficient transportation and waste management.
Premium Restaurants Limited offers a range of products and services, including fine dining experiences, private event hosting, and catering services. Their menus feature a variety of cuisines, including British, European, and Asian fusion, all prepared using high-quality, sustainable ingredients.
The key people in the company include the CEO, John Smith, who has over 20 years of experience in the hospitality industry, and the Head Chef, Sarah Jones, who is renowned for her innovative and sustainable approach to cooking.
For more information on their restaurants, menus, and sustainability efforts, interested individuals can visit their website at www.premiumrestaurants.co.uk. The company's registered office address is 10 High Street, London, UK.
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