LOIZOU RESTAURANTS LIMITED
Company Information
- Company Number
- 06183263
- Registered Address
- The Accounting Centre, First Floor, 736 High Road, North Finchley, London, England, N12 9QD
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 26 March 2007
- Nature of Business
- 56102 - Unlicensed restaurants and cafes
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
LOIZOU RESTAURANTS LIMITED demonstrates a strong positive trend in payment speed, with an impressive average payment time of 14 days. A significant 94% of invoices are consistently settled within 30 days, indicating highly prompt payment behavior. This consistent performance suggests a stable and reliable payment trajectory beneficial for suppliers.
Volatility Analysis
The company exhibits low payment volatility, as only 6% of payments are late, with a minimal 1% extending beyond 60 days. This low percentage of delayed payments points to high reliability and predictable cash flow for suppliers. The minor instances of delay do not significantly impact overall payment predictability, posing minimal risk.
Summary Analysis
LOIZOU RESTAURANTS LIMITED presents a highly favorable payment profile, characterized by fast average payment times and high on-time rates. Suppliers can generally expect prompt and reliable payments, making this a low-risk client for credit terms. While 1% of payments are very late, standard credit checks and clear payment terms should be sufficient, without requiring extensive specific mitigation strategies.
Performance Reports History
| 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 Apr 2024 - 30 Sept 2024 | 31 Jan 2025 | 12 | 95% | 4% | 1% | 5% |
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
Most of the suppliers are on a 30-day payment term. Key suppliers are on direct debit schemes and collect their payment within 30 days or less from the date of the invoice. Suppliers that are not on direct debit scheme are paid monthly by BACS/bank transfer on request. A small number of suppliers require payment in advance, these are settled either by direct bank transfer or via credit card payments. Suppliers are notified of any delays at the earliest opportunity and the payments are re-arranged as agreed with them. The company actively encourages suppliers to send invoices electronically where possible. It also uses a supply chain finance established by their franchisor. Payment for suppliers who participated in the supply chain finance are collected via direct debits and this process is fully managed by the third-party supply chain finance team. While the company is not a member of a payment code however, it strictly adheres to monthly payment cycle and addresses any payment query the same day. As part of a wider business network the company primarily utilises established supply chains who manage a number of the suppliers on their behalf. The company is proud supporters of British and Irish agriculture and work with over 23,000 British and Irish farmers who supply quality produce for their menu, as well as businesses who are help them create more sustainable packaging. Through this extensive supply chain across the UK and Ireland enables suppliers contribute to their success. The company has long-term partnerships with many of their suppliers. Such long-term partnerships encourage collaboration and enable suppliers to make decisions for the long term, giving them the confidence to invest in their businesses. In order to meet the continued volume growth, suppliers need to invest in future capacity, which involves significant capital investment in equipment and infrastructure. Long-term commitment to supply the company and their franchisor’s overall operation in the UK, has enabled the suppliers to grow with them and drive positive change within their own businesses. The wider Supply Chain and Sustainability function that the company is part of has a broad remit, from ensuring our products and ingredients meet their high food safety, quality and traceability expectations from farm to front counter, to the transportation of goods from supplier to restaurant, procurement of all food and paper, as well as responsibility for our nutrition, sustainability, agriculture, packaging and recycling strategies across their supply base.
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
30
Dispute Resolution Process
As over 90% of invoices are paid by direct debit there would be no dispute which would hold up the payment, any disputed amount would be credited or debited the following month. A minute number of invoices from the other 10%, or less, may occasionally be subject to a dispute which is usually resolved over a phone call due to the long-standing relationships.
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.
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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?
❌
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
LOIZOU RESTAURANTS LIMITED is a private limited company operating within the UK's restaurant sector. The company's name indicates its primary business involves the provision of restaurant services.
This active company (Company number: 06183263) was incorporated on 26 March 2007. Its registered office is located at The Accounting Centre, First Floor, 736 High Road, North Finchley, London, England, N12 9QD, and its designated location is 'Other'.
Companies of this type typically specialise in offering a range of culinary experiences. This includes the preparation and serving of food and beverages for consumption on the premises, along with potential takeaway or delivery services, catering, and event hosting facilities within the British market.
