BOOHOO.COM UK LIMITED

Company number: 05723154

Reporting period:
1 March 2020 to 31 August 2020

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This report was filed on 25 September 2020

and approved by Neil Catto

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 60%
• in 31 to 60 days: 31%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 55%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

90 days

Standard payment terms

Payments terms are agreed with suppliers before trading commences and vary from 14 to 90 days depending on the nature of the supply.

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

In the first instance, disputes are handled by trained personnel in the accounts payable team. If the dispute is complex or large, the matter is referred to the Finance Manager for resolution. In rare cases, the legal department may also be involved. Most cases are resolved by email or telephone correspondence.

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