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BOOHOO.COM UK LIMITED

Company number: 05723154

Reporting period:
1 September 2020 to 28 February 2021

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This information is as reported by the business, and responses are in their own words.

This report was filed on 22 March 2021

and approved by Neil Catto

Payment statistics

Average time taken to pay invoices: 35 days

Invoices paid:

• within 30 days: 56%
• in 31 to 60 days: 32%
• in 61 days or more: 12%

Invoices due but not paid within agreed terms: 44 %

Payment terms

Standard payment period for qualifying contracts

14 days

Standard payment terms

Payment terms are agreed with suppliers and vary according to the type of supply. UK inventory suppliers are paid on 14 day terms.

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

Most disputes are settled by email or phone with a payables colleague. If that fails, the disputes are passed to the Finance Manager. In rare cases, another director or the CFO may be involved.

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