PIZZA HUT (U.K.) LIMITED
Company number: 01072921
Reporting period:
3 June 2019
to 1 December 2019
This report was filed on 9 December 2019
and approved by Andrew Platt
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 7%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Varied payment terms agreed with suppliers. These range between 30 and 60 days from INVOICE DATE.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
In circumstances where there is a dispute related to payments the Pizza Hut Accounts Payable team will liaise directly with the supplier via telephone or e mail. Once a satisfactory agreement is reached payment is then made via the bank either by Telegraphic Transfer or BACs.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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