GOV.UK
PRETTYLITTLETHING.COM LIMITED
Company number: 07352417
Reporting period:
1 September 2020
to 28 February 2021
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 29 March 2021
and approved by Paul Gary Papworth
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 21%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 41 %
Payment terms
Standard payment period for qualifying contracts
1 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 accounts payable manager. In rare cases, the Finance Director 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