| 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 |
|---|---|---|---|---|---|---|
| 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 a restaurant chain that specializes in sourdough pizza. The company is committed to sustainability and sources its ingredients from local and ethical suppliers.
Their sustainability program includes using organic and seasonal produce, reducing food waste, and implementing energy-saving initiatives in their restaurants. They also work closely with farmers and producers to ensure fair trade and sustainable practices.
In addition to their focus on sustainability, FRANCO MANCA 2 UK LIMITED offers a variety of pizza options, including vegetarian and vegan options. They also have a selection of organic and biodynamic wines to complement their menu.
The key people at FRANCO MANCA 2 UK LIMITED include founder Giuseppe Mascoli and CEO David Page. They have multiple locations across the UK, with their registered office address at 3rd Floor, 71 Queen Victoria Street, London, EC4V 4BE.
Their website, www.francomanca.co.uk, provides information on their menu, sustainability efforts, and locations. Customers can also contact them through their website for inquiries or feedback. Overall, FRANCO MANCA 2 UK LIMITED is dedicated to providing high-quality, sustainable, and delicious pizza to their customers.