LIBERTY RETAIL LIMITED
Company number: 00042342
Reporting period:
4 August 2019
to 2 February 2020
This report was filed on 13 January 2021
and approved by ROBERT UNSWORTH
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 35%
- in 61 days or more: 24%
Invoices due but not paid within agreed terms: 27 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
3 standard terms exist for Goods for resale
30 days, 5% settlement discount
60 days, 3% settlement discount
90 days no settlement discount
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Suppliers are requested to submit all invoices and queries to 'accountspayable@libertylondon.com'
These queries are then managed by a AP Assistant and subject to the type of query are resolved either by direct contact or through our query logging system (Zendesk).
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