Published reports

PIZZA HUT (U.K.) LIMITED

Company number: 01072921

This information is as reported by the business, and responses are in their own words.

Reporting period:

5 June 2023 to 3 December 2023

Report filed on:

20 December 2023

Approved by:

Andrew Platt

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Payment statistics

Average time taken to pay invoices: 23 days

Invoices paid:

• within 30 days: 86%
• in 31 to 60 days: 16%

Late and disputed:

Payment terms

Shortest standard payment periods

7 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

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

N/A

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 the dispute is resolved.

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