SELFRIDGES RETAIL LIMITED
Company number: 00097117
Reporting period:
3 August 2018 to
2 February 2019
This report was filed on 5 March 2019
and approved by Matthew Smith
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 55%
- in 31 to 60 days: 31%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 31%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
100 days
Standard payment terms
Goods not for resale - 30 days Goods for resale 21 days - 60 days Concession Partners up to 42 days
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
100 days
Standard payment terms vary dependent on the nature of the contract, as described above.
Any other information about payment terms
We generally adopt supplier’s payment terms other than where agreed alternative terms are reached relating to settlement discounts.
Dispute resolution process
We work hard to maintain a positive and fair relationship with our suppliers and endeavour to pay all suppliers within their agreed payment terms. Any discrepancies are escalated to our Accounts Processing Managers to investigate and resolve.
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, 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