Company number: 07127647
and approved by Jon Temple
Average time taken to pay invoices: 33 days
Invoices paid:
Invoices due but not paid within agreed terms: 17%
30 days
60 days
Standard contractual terms for goods and services vary between 30 and 60 days, with some exceptions in very limited circumstances. Turtle Bay Restaurants operates weekly mid-week payment cycles for the majority of suppliers. The operation of these payment cycles means that some suppliers may receive payment after the due date; 13% of the 17% of invoices not paid within terms were paid within one week of the due date.
Answer not provided
N/A
76 days
No further comment provided
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The accounts payable team are responsible for processing supplier invoices, matching to purchase orders, and handling dispute resolution. The team can be contacted by email, telephone or letter, and aim to proactively manage any query from suppliers. Where this query results in dispute, this is escalated within the finance team and within the business contact managing the supplier relationship. Timescales can vary greatly depending upon the nature of the issue.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No