OASIS FASHIONS LIMITED
Company number: 06822219
Reporting period:
3 March 2019 to 2 September 2019
Report filed on:
30 September 2019
Approved by:
Matt Robinson
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 25%
- in 61 days or more: 21%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 12%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Oasis Fashions Ltd operates to a set of standard payment terms, which are the next payment run before the end of credit period: 60 days for goods for re-sale and 30 days for non-goods for re-sale, variations to these terms to exist based on agreements with certain suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Oasis Fashions policy is to pay its suppliers on time in line with the agreed terms. If a dispute is raised, it is forwarded to the relevant department to be considered. Payment of invoice is held with suppliers knowledge until dispute is resolved. Payment is processed immediately when dispute is resolved
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 Fair 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.
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