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BOOHOO.COM UK LIMITED

Company number: 05723154

Reporting period:
1 March 2019 to 31 August 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 30 September 2019

and approved by N Catto

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 54%
• in 31 to 60 days: 38%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 53 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

60 days

Standard payment terms

Payment terms vary between immediate to 60 days, with the majority being 30 days. UK inventory suppliers are paid in 14 days.

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

Yes – UK inventory suppliers are paid in 14 days (change from 30 days)

Were suppliers notified or consulted about these changes before they were made?

Yes – Each supplier was contacted with earlier payment terms proposed

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Disputes are resolved by contacting the supplier to understand each party's issues and to agree mutually acceptable processes to resolve and conclude the dispute.

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