The data for PIZZAEXPRESS GROUP LIMITED shows a consistent trend of decreasing average time to pay invoices over the past three periods. From 2018 to 2020, the average time to pay has decreased from 28 days to 26 days, indicating a trend towards faster payment. This trend is also reflected in the percentage of invoices paid within 30 days, which has increased from 66% to 70% over the same period.
The data for PIZZAEXPRESS GROUP LIMITED shows some volatility in the percentage of invoices paid later than 60 days. In the first and last periods, this percentage was relatively low at 5% and 6% respectively. However, in the middle period of 2019, this percentage was at its highest at 30%. This indicates that there may have been some inconsistencies in payment practices during this period.
| 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 2020 - 31 Dec 2020 | 13 Jan 2021 | 28 | 70% | 24% | 6% | 88% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 26 | 68% | 23% | 9% | 50% |
| 01 Jul 2019 - 29 Dec 2019 | 28 Jan 2020 | 25 | 70% | 30% | 0% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 25 | 72% | 22% | 6% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 26 | 79% | 15% | 6% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 28 | 66% | 29% | 5% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of 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
30
The company has an accounts payable department who can be contacted by email who will facilitate liaison with the supplier and business to resolve any issue.
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
PizzaExpress Group Limited is registered as a head office entity within the PizzaExpress corporate group, with its SIC code listed as activities of head offices. The wider PizzaExpress group operates Italian restaurants across the UK and Ireland, trading as PizzaExpress since 1965, with over 360 pizzerias, an international presence in 12 markets, supermarket ranges and a delivery service. The group also runs PizzaExpress Live music venues and the PX Records label. This registered company itself functions as a group-level entity rather than a customer-facing restaurant operator, with day-to-day trading carried out by other companies within the same corporate structure, such as PizzaExpress (Restaurants) Limited.
Generated from the company's website and Companies House records. Sources: pizzaexpress.com · pizzaexpress.com · pizzaexpress.com