GOV.UK
PRADA RETAIL UK LIMITED
Company number: 03299599
Reporting period:
1 July 2018
to 31 December 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 4 March 2019
and approved by Alessandra Marsicola
Payment statistics
Average time taken to pay invoices: 90 days
Invoices paid:
- within 30 days: 3%
- in 31 to 60 days: 5%
- in 61 days or more: 92%
Invoices due but not paid within agreed terms: 10 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
120 days
Standard payment terms
we typically pay local uk suppliers 30 days middle of following month
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
for any building works etc we pay suppliers in stages with a 10% retention for snagging
Any other information about payment terms
N/A
Dispute resolution process
we have a local finance department that manages supplier relationships. any disputes are resolved with the responsible purchasing department, and can be escalated to the manager's of the relevant departments if necessary.
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