Industry ranking
Overall, there has been a consistent trend of CH & CO CATERING GROUP LIMITED taking an average of 64 days to pay invoices to suppliers. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 33% in the first period to 79% in the third period.
The volatility in the average time to pay has remained consistent at 64 days. However, there has been a significant increase in the volatility of the percentage of invoices paid later than 60 days, with a 46% increase from the first period to the third period.
CH & CO CATERING GROUP LIMITED has consistently taken an average of 64 days to pay invoices to suppliers over the past three periods. However, there has been a concerning increase in the percentage of invoices paid later than 60 days, with a 46% increase from the first period to the third period. This highlights a potential issue with delayed payments to suppliers.
| 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 2023 - 31 Dec 2023 | 05 Feb 2024 | 64 | 1% | 21% | 77% | 76% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 64 | 48% | 19% | 33% | 95% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 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
Ticketing mailbox, emails are sent to AP for queries, the AP team have 5 days to resolve issues.
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
CH & Co Catering Group Limited is a registered entity within the CH & Co group of catering businesses, itself controlled by CH & Co Catering Group (Holdings) Limited. Companies House records its nature of business as head office activities, reflecting its role as an intermediate holding company rather than an operating caterer. Its subsidiaries include well-known contract catering and hospitality brands such as Gather & Gather, Pabulum, Vacherin and Company of Cooks, which deliver catering services across workplaces, venues and other sites. The company files consolidated group accounts and benefits from audit exemption as a subsidiary. It was previously named Muirhead Bidco Limited before adopting its current name shortly after incorporation in 2015.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk