FURNITURE VILLAGE LIMITED
Company number: 02307708
Reporting period:
30 December 2024 to 29 June 2025
Report filed on:
28 July 2025
Approved by:
Eamon Wynne
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 54%
- in 61 days or more: 41%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
115 days
Standard payment terms
Furniture Village agrees terms individually with suppliers at the outset of the trading relationship and they do vary. Standard payment terms for stock suppliers are end of second month following. Standard payment terms for expense suppliers are end of month following
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
115 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
All Suppliers are managed by designated personnel within the Accounts Payable Department and disputes in the first instance should be directed to the account owner. Escalation can be within the Finance Department or to the relevant Buyer. All stock invoices are matched to PO's and any discrepancies are directed internally initially to the relevant department for resolution. Unmatched invoices are reviewed regularly within the Finance Department. Electronic Data Interchange invoices are used where possible for stock invoices, with other stock invoices emailed to apinvoices@furniturevillage.co.uk and expense invoices to apexpinv@furniturevillage.co.uk
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