DUNELM (SOFT FURNISHINGS) LTD
Company number: 02129238
1 January 2019
to 29 June 2019
This report was filed on 25 July 2019
and approved by Laura Carr
Average time taken to pay invoices: 46 days
- within 30 days: 8%
- in 31 to 60 days: 90%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 3 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Payment is made not later than 30 days after the end of the month in which Dunelm received the Seller’s invoice
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
In the case of the opening of a new store, all invoices for Goods and/or Services purchased for the new store are paid 90 days from the end of the Store opening month
Any other information about payment terms
Dispute resolution process
Dunelm is committed to dealing with its suppliers in a fair manner. Initial contact is via the Accounts Payable teams through a dedicated email address. Disputes can be escalated to Buying teams, Finance Leadership and ultimately Executive Leadership.
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.
Yes – UK Prompt Payment Code
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?