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PRETTYLITTLETHING.COM LIMITED

Company number: 07352417

Reporting period:
1 September 2018 to 28 February 2019

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

This report was filed on 29 March 2019

and approved by Paul Gary Papworth

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 49%
• in 31 to 60 days: 40%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 48 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

60 days

Standard payment terms

Prettylittlething.com Limited's (PLT) standard payment terms are 30 days from date / receipt of invoice. Payment terms are mutually agreed with suppliers as part of contractual negotiations. Terms negotiated between PLT and suppliers can range between 1 and 60 days. There are no suppliers on contractual terms above 60 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

The point of contact for disputes is the PLT accounts payable department. When an invoice is disputed an internal investigation is undertaken and suppliers will be contacted to provide any additional supporting documentation or evidence required, or to issue a corrected invoice, in order to resolve the issue as quickly as possible.

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