NEXT RETAIL LIMITED
Company number: 04521150
Reporting period:
1 February 2026 to 1 August 2026
Report filed on:
28 August 2026
Approved by:
Jonathan Blanchard
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 23 days
Total value paid:
- within 30 days: £2,287,917,086 (94%)
- in 31 to 60 days: £127,647,709 (5%)
- in 61 days or more: £19,424,121 (< 1%)
Invoices paid:
- within 30 days: 94%
- in 31 to 60 days: 5%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £541,827,247
- payments due in the reporting period which have not been paid within the agreed period: 16%
- not made in the reporting period due to a dispute: 6%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard contractual terms for goods and services is 30 days with exception of intercompany Goods for Resale invoices which are paid between 7 to 14 day terms.
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
90 days
No further comment provided
Any other information about payment terms
Intercompany invoices and preformance have been included for completeness.
Dispute resolution process
A central ticketing system, accessed via our Supplier Portal, is in place for suppliers to contact us regarding any matters under dispute. Tickets are logged immediately upon submission and are typically responded to within 24 hours. For standard account queries documented through the portal, our team responds within 48 hours. Where required, any ticket can be escalated to our management team for further review.
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.
Yes
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