PRADA RETAIL UK LIMITED
Company number: 03299599
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 15 July 2019
and approved by Alessandra Marsicola
Payment statistics
Average time taken to pay invoices: 88 days
Invoices paid:
- within 30 days: 3%
- in 31 to 60 days: 7%
- in 61 days or more: 90%
Invoices due but not paid within agreed terms: 11 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
for local suppliers our standard payment terms are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
however, for intercompany purchases and overseas suppliers, our terms are 90 days, and this makes up the bulk of our payables
Dispute resolution process
Prada Retail UK has dedicated accounts payable staff and contact points for suppliers. In case of disputes suppliers can liaise with accounts payable staff pr directly with buyers to resolve any issues.
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