| 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 2019 - 31 Dec 2019 | 19 Feb 2020 | 36 | 49% | 42% | 9% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Oct 2019 | 42 | 47% | 42% | 11% | 55% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of month + 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
When there is a dispute with payment, the concerned supplier will make contact with the accounts payable department. The accounts payable will make a note of the query and will try to resolve the query as quickly and efficiently as possible. Depending on the complexity or the query, it will either be resolved by the accounts payable clerk or escalated to their line manager. Once the issue has been resolved, the supplier will be advised of the payment date, along with the remittance slip.
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.
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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
Revolution Bars Limited operated as part of a UK bar chain, with its registered activity classed as retail sale of beverages in specialised stores. Companies House lists the business under the pubs, cafes and takeaways industry category. The company is currently in administration, having previously undergone a corporate voluntary arrangement between 2020 and 2022. It was incorporated in January 2014. No further detail on trading locations, format or scale is available from the supplied evidence, though the company's activity aligns with bar and drinks retail operations rather than food-led hospitality.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk