Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 92.1/100 qualifies for PaymentCheck Certification
The data shows a consistent trend of improvement in the average time taken for PUB PARTNERSHIP ACQUISITIONS LIMITED to pay their invoices to suppliers. In the first period of 2018-06-03 to 2018-12-02, no data is available. However, in the subsequent periods, there is a clear decrease in the average time taken to pay invoices, with the latest period showing the lowest average time of 17 days. This shows an overall positive trend in the company's payment efficiency.
The data also suggests a decrease in volatility in the company's payment patterns over time. In the first period of 2019-06-02 to 2019-12-01, there were no invoices paid later than 60 days. However, in the next period of 2019-12-02 to 2020-05-30, there was a sudden increase in the percentage of invoices paid later than 60 days, indicating a higher level of volatility. However, this was followed by a decrease in the subsequent periods, with the latest period showing no invoices paid later than 60 days. This decrease in volatility suggests that the company has become more consistent in their payment patterns over time.
| 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 |
|---|---|---|---|---|---|---|
| 30 Nov 2022 - 28 May 2023 | 26 Jun 2023 | |||||
| 30 May 2022 - 29 Nov 2022 | 28 Dec 2022 | |||||
| 30 Nov 2021 - 29 May 2022 | 27 Jun 2022 | 19 | 91% | 8% | 1% | 13% |
| 30 May 2021 - 29 Nov 2021 | 24 Dec 2021 | 17 | 83% | 16% | 0% | 16% |
| 30 Nov 2020 - 29 May 2021 | 23 Jun 2021 | 10 | 94% | 6% | 0% | 25% |
| 31 May 2020 - 29 Nov 2020 | 29 Dec 2020 | 35 | 61% | 18% | 21% | 52% |
| 02 Dec 2019 - 30 May 2020 | 29 Jun 2020 | 30 | 62% | 25% | 13% | 38% |
| 02 Jun 2019 - 01 Dec 2019 | 16 Dec 2019 | 1 | 100% | 0% | 0% | 0% |
| 03 Dec 2018 - 01 Jun 2019 | 26 Jun 2019 | |||||
| 03 Jun 2018 - 02 Dec 2018 | 22 Dec 2018 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company does not have standard payment terms.
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
58
The finance team would contact the supplier to register that there is a query/dispute with an invoice. This would then be resolved between the relevant department within the company and the counterpart department at the supplier.
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
Pub Partnership Acquisitions Limited is a company registered in England and Wales, with a SIC classification covering public houses and bars. Evidence indicates it forms part of the Admiral Taverns corporate group, a community pub operator headquartered in Chester that runs over 1,350 predominantly wet-led pubs across the UK, offering tenancy, lease and operator-managed agreements to licensees. As an entity within this group structure, Pub Partnership Acquisitions Limited's own trading activity is not separately described in available evidence, but it sits within a business whose core activity is operating and letting community public houses rather than manufacturing or distributing goods.
Generated from the company's website and Companies House records. Sources: admiraltaverns.co.uk · admiraltaverns.co.uk