BELLA ITALIA RESTAURANTS LIMITED
Company number: 00964194
Reporting period:
28 November 2018 to 26 May 2019
Report filed on:
26 July 2019
Approved by:
Giles David
Payment statistics
Average time taken to pay invoices: 1000 days
Invoices paid:
- in 61 days or more: 100%
Late and disputed:
Payment terms
Shortest standard payment periods
1000 days
Longest standard payment period
Answer not provided
Standard payment terms
This business only receives charges through via intercompany as contracts are held with the parent company, payment terms on intercompany invoices are 1,000 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
1000 days
This Company only transacts via intercompany invoices. Invoices from suppliers for goods and services are settled by the parent company. The Payment statistics for the Parent Company are: Invoices Paid within 30 days 6%, in 31 to 60 days 53%, in 61 days or more 41%. Invoices due and paid within agreed terms is 72% Shortest payment terms: 1 day Longest payment terms (excluding Intercompany): 120 days
Any other information about payment terms
No further comment provided
Dispute resolution process
Intercompany invoices are tracked, reconciled and agreed by the accounting team on a periodic basis. Any issues would be escalated to the Finance Manager or Financial Director. Invoice resolution for the Parent Company is that the issues are initially raised with the Accounts Payable team in London, if resolution cannot be reached then the issue is escalated to the account manager and the Finance Director.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No