| 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 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 30 | 54% | 46% | 0% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Burger & Lobster Restaurant Group Limited, as standard, pays all its suppliers and distributors no later than 15 days after the last day of the month following the month in which the relevant undisputed invoice is received i.e. between 15 and 45 days from receipt. Variations to these standard payment terms are by exception only, and only applied when negotiated and agreed by both parties.
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
Burger & Lobster Restaurant Group has a dedicated accounts payable team that supports suppliers with query resolution. The team can be contacted by email or phone Monday to Friday. Where the accounts payable team are not able to resolve the query, they will refer the matter to the senior operational team in order to reach a resolution promptly.
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
Burger & Lobster Restaurant Group Limited is registered as a holding company and sits within the corporate structure of the Burger & Lobster restaurant group. The wider group operates restaurants across London, Brighton, New York, Malaysia, Bangkok, Qatar, the Philippines, Indonesia and Turkiye, serving prime cut burgers, wild Atlantic lobsters and cocktails. The brand, founded in 2011, focuses on perfecting just these two core dishes across its restaurant locations, offering dine-in service, delivery and events. As the registered entity's own classification is that of a holding company, its role is to sit above the operating restaurant businesses trading under the Burger & Lobster name.
Generated from the company's website and Companies House records. Sources: burgerandlobster.com · burgerandlobster.com