MILESTONE RESTAURANTS LIMITED
Company Information
- Company Number
- 06741079
- Registered Address
- 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
- 4 November 2008
- 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
MILESTONE RESTAURANTS LIMITED exhibits a strong trend of prompt payments, with an average settlement time of 23 days and 90% of invoices paid within 30 days. This indicates a consistent operational rhythm focused on timely financial obligations, suggesting a reliable payment trajectory for suppliers.
Volatility Analysis
Payment behavior is highly predictable for the vast majority of transactions, with low volatility given 90% of invoices are settled promptly. While 10% of payments are late (7% between 31-60 days and 3% over 60 days), this represents a small, non-volatile segment of slower payments rather than systemic unpredictability.
Summary Analysis
Overall, MILESTONE RESTAURANTS LIMITED presents a low-risk payment profile, highly favorable for suppliers seeking reliable cash flow. Suppliers can confidently factor in the 90% prompt payment rate as a key decision factor, with minimal risk mitigation strategies needed beyond standard invoice follow-ups for the small late payment percentage.
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 2024 - 31 Dec 2024 | 30 Jan 2025 | 23 | 90% | 7% | 3% | 10% |
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
45
Dispute Resolution Process
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
MILESTONE RESTAURANTS LIMITED operates as a private limited company, specialising in the restaurant sector. The company's name directly reflects its primary business activity.
Incorporated on 4 November 2008, MILESTONE RESTAURANTS LIMITED holds the company number 06741079 and is currently active. Its registered office is situated at First Floor, 736 High Road, North Finchley, London, England, N12 9QD.
Companies operating within the UK restaurant sector typically provide a range of food and beverage services to customers. This commonly includes dine-in experiences, takeaway meals, and potentially event catering, focusing on culinary offerings and customer service.
