| 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 |
|---|---|---|---|---|---|---|
| 24 Sept 2018 - 31 Mar 2019 | 24 Apr 2019 | 45 | 5% | 93% | 2% | 2% |
| 26 Mar 2018 - 23 Sept 2018 | 13 Nov 2018 | 45 | 3% | 93% | 4% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Franco Manca 2 UK Limited ("Franco Manca") operates standard payment terms of 30 days after the end of the month of the date of the supplier invoice.
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
61
Any discrepancies or disputes are highlighted through internal procedures with queries raised with the relevant supplier at the earliest instance. Any related invoices are then put on hold and only paid once the query or dispute is resolved. The accounts payable team follows up queries with suppliers where no responses are received before a payment run to ensure that invoice disputes are being resolved in a timely manner.
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
Franco Manca 2 UK Limited is part of the Franco Manca group, which operates a chain of pizzerias across the UK serving sourdough pizza inspired by Neapolitan traditions. The brand, trading as Franco Manca, began in Brixton Market in 2008 and has since expanded to numerous neighbourhoods in London and other UK cities, including Birmingham, Manchester, Liverpool, Cardiff and Edinburgh. Its pizzerias use handmade sourdough bases fermented for at least 24 hours, with ingredients such as British ricotta, Italian tomatoes and cured meats sourced from small suppliers. Venues offer walk-in dining, table bookings, and delivery via third-party platforms. The company operates within the licensed restaurant sector as registered under Companies House.
Generated from the company's website and Companies House records. Sources: francomanca.co.uk · francomanca.co.uk