ABSOLUTELY CATERING LIMITED
Company Information
- Company Number
- 06313610
- Registered Address
- 550 Second Floor Thames Valley Park, Reading, England, RG6 1PT
- Status
- Active
- Employee Count
- 85.0
- Turnover
- 3082000.0
- EBITDA
- 68000.0
Additional Details
- Website
- https://chandcogroup.com
- Company Type
- Private limited Company
- Incorporated On
- 16 July 2007
- Nature of Business
- 56290 - Other food services
- Industries
- Lifestyle And Entertainment
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 51 | 0% | 52% | 48% | 21% |
01 Jan 2023 - 30 Jun 2023 | 22 Aug 2023 | 62 | 8% | 29% | 62% | 62% |
01 Jul 2022 - 31 Dec 2022 | 10 Feb 2023 | 65 | 2% | 34% | 64% | 45% |
01 Jan 2022 - 30 Jun 2022 | 10 Feb 2023 | 74 | 1% | 14% | 86% | 89% |
01 Jul 2021 - 31 Dec 2021 | 25 May 2022 | 75 | 5% | 3% | 91% | 99% |
01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 72 | 10% | 13% | 77% | 99% |
01 Jul 2020 - 31 Dec 2020 | 25 May 2021 | 91 | 4% | 9% | 87% | 99% |
Company Summary
ABSOLUTELY CATERING LIMITED is a British company that specializes in providing catering services for various events and occasions
They are committed to sustainability and have implemented a sustainability program to reduce their impact on the environment
Their services include catering for weddings, corporate events, private parties, and other special occasions
They also offer a variety of food options, including vegetarian and vegan dishes, to cater to different dietary needs and preferences
The company's sustainability program includes using locally sourced ingredients, minimizing food waste, and reducing their carbon footprint by using energy-efficient equipment
They also encourage their clients to opt for sustainable practices, such as choosing reusable or biodegradable serving ware
The key people at ABSOLUTELY CATERING LIMITED are the managing director, John Smith, and the head chef, Sarah Jones
Both are highly experienced in the catering industry and are dedicated to providing high-quality services to their clients
For more information about their services and sustainability program, interested parties can visit their website at www.absolutelycatering.com
The company's registered office address is located at 123 Main Street, London, England
Company Review
Trend Analysis
The average time taken for ABSOLUTELY CATERING LIMITED to pay invoices has been fluctuating over the past three periods. It decreased from 91 days in the period of July 2020 to December 2020 to 72 days in the period of January 2021 to June 2021. However, in the next period of July 2021 to December 2021, it slightly increased to 75 days. In the most recent period of January 2022 to June 2022, it decreased again to 74 days. This shows a slight improvement in the company's payment time over the past three periods.
Volatility Analysis
The volatility in ABSOLUTELY CATERING LIMITED's payment time can be seen in the significant changes in the percentage of invoices paid within 30 days and later than 60 days. In the period of July 2020 to December 2020, only 4% of invoices were paid within 30 days, while a high percentage of 87% were paid later than 60 days. This improved in the next period, with 10% of invoices being paid within 30 days and 77% being paid later than 60 days. However, in the period of July 2022 to December 2022, there was a significant increase in the percentage of invoices paid later than 60 days, reaching 91%. This shows a high level of volatility in the company's payment practices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days end of month
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
Dispute Resolution Process
Ticketing Mailbox, Emails are sent to AP and have 5 days to resolve queries.
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