PREMIUM DINING RESTAURANTS AND PUBS LIMITED
Company Information
- Company Number
- SC181811
- Registered Address
- Belhaven Brewery, Brewery Lane, Dunbar, East Lothian, EH42 1PE
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- -£311,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 December 1997
- Nature of Business
- 56101 - Licensed restaurants
- Industries
- Events And Venues, Food And Drink
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average payment time for PREMIUM DINING RESTAURANTS AND PUBS LIMITED is 45 days, indicating a consistent trend towards settling invoices in the mid-term rather than immediate payment. A significant 65% of payments occur within the 31-60 day window, clearly establishing this as their predominant operational payment cycle.
Volatility Analysis
While the majority of payments are predictably made between 31-60 days, the 15% late payment rate introduces a moderate level of volatility and unreliability. Furthermore, 11% of payments extending beyond 60 days suggests that a notable portion of invoices will experience extended delays, impacting cash flow predictability.
Summary Analysis
Suppliers should anticipate an average payment cycle of 45 days and factor in a moderate risk of 15% late payments from PREMIUM DINING. It is recommended to establish clear 45-day payment terms, closely monitor initial transactions, and consider implementing credit limits or prompt payment incentives to mitigate potential cash flow disruptions.
Performance Reports History
| 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 2024 - 30 Jun 2024 | 25 Jul 2024 | 45 | 24% | 65% | 11% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 44 | 27% | 57% | 16% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 43 | 26% | 64% | 10% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 44 | 27% | 60% | 13% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 06 Jul 2022 | 40 | 33% | 58% | 9% | 6% |
| 07 Jul 2021 - 31 Dec 2021 | 13 Jan 2022 | 46 | 33% | 59% | 8% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 46 | 30% | 54% | 16% | 10% |
| 01 Nov 2020 - 31 Dec 2020 | 30 Jan 2021 | 45 | 26% | 60% | 14% | 8% |
| 01 May 2020 - 31 Oct 2020 | 24 Nov 2020 | 44 | 26% | 60% | 14% | 6% |
| 01 Nov 2019 - 30 Apr 2020 | 18 May 2020 | 38 | 39% | 50% | 11% | 6% |
| 01 May 2019 - 31 Oct 2019 | 13 Nov 2019 | 40 | 31% | 57% | 12% | 5% |
| 01 Nov 2018 - 30 Apr 2019 | 28 May 2019 | 38 | 40% | 48% | 12% | 7% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 40 | 35% | 53% | 12% | 8% |
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | 39 | 43% | 44% | 12% | 9% |
| 01 May 2017 - 31 Oct 2017 | 14 Nov 2017 | 40 | 34% | 51% | 15% | 10% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 60 days following the end of the month of the invoice date. The maximum payment period is 60 days end of month. There have been no changes to standard payment terms in the reporting period.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
In December 2023, informal agreements were made with some suppliers to pay them later than the contractually agreed terms due to payment dates falling on Bank Holidays. If we exclude these suppliers, the proportion of suppliers paid beyond agreed terms was actually 4%.
Maximum contractual payment period agreed
90
Dispute Resolution Process
The Greene King group has a dedicated accounts payable helpdesk that offers suppliers support through to query resolution. The team can be contacted by e-mail or phone Monday to Friday. Contact by e-mail is acknowledged within a maximum of 2 working days with all supplier queries being assigned a unique case number. The majority of phone calls are answered immediately. Greene King offers a supplier payment portal to allow suppliers to monitor and view all their account information, providing real time data that includes invoice approval and invoice payment status.
Other Payment Information
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.
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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.
❌
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
Company Summary
PREMIUM DINING RESTAURANTS AND PUBS LIMITED is an active private limited company operating within the premium dining restaurant and pub sector. This involves the commercial provision of high-quality dining and pub experiences.
Incorporated on 30 December 1997, the company holds company number SC181811. Its registered office is situated in Scotland at Belhaven Brewery, Brewery Lane, Dunbar, East Lothian, EH42 1PE.
Companies in this sector typically provide a range of hospitality services, focusing on food and beverage offerings. This includes serving refined menus and quality drinks in restaurant settings, and a diverse selection of beverages often complemented by food in pub environments.
