DUNELM (SOFT FURNISHINGS) LTD
Company number: 02129238
Reporting period:
28 June 2020 to 26 June 2021
Report filed on:
26 July 2021
Approved by:
Laura Carr
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 94%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Payment is made not later than 30 days after the end of the month in which Dunelm received the supplier's invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
In the case of the opening of a new store, all goods and/or services purchased for the new store are paid 90 days from the end of the store opening month.
Any other information about payment terms
No further comment provided
Dispute resolution process
Dunelm is committed to dealing with its suppliers in a fair manner. Initial contact is via the Accounts Payable teams through a dedicated email address. Disputes can be escalated to Buying teams, Finance Leadership and ultimately Executive Leadership.
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 Fair 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.
Yes
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