BOOHOO.COM UK LIMITED

Company number: 05723154

Reporting period:
1 September 2019 to 29 February 2020

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This report was filed on 30 March 2020

and approved by N Catto

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 62%
• in 31 to 60 days: 28%
• in 61 days or more: 10%

Invoices due but not paid within agreed terms: 49%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

90 days

Standard payment terms

Payment terms are agreed with suppliers when a new account is opened or when both parties negotiate a change. Terms vary from immediate payment for some supplies to 90 days for others.

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

Answer not provided

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

N/A

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Suppliers email or telephone their allocated contact in the company, who will try to resolve disputes through the exchange of information. Where there are disputes that cannot be quickly resolved, the matter is referred to the Finance Manager who is responsible for the accounts payable function, who in turn may contact the Group Financial Controller or the CFO in the most difficult cases in order to reach resolution.

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, 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