GOV.UK
PRADA RETAIL UK LIMITED
Company number: 03299599
Reporting period:
1 January 2021
to 30 June 2021
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 9 August 2021
and approved by Francesca Bertoncini
Payment statistics
Average time taken to pay invoices: 105 days
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 8%
- in 61 days or more: 87%
Invoices due but not paid within agreed terms: 15 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
180 days
Standard payment terms
Standard payment terms are 30 days following the end of the month of the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
180 days
most of our trade payables fall in the higher end of the payment due dates
Any other information about payment terms
Most of our trade payables fall in the higher end of the payment due dates
Dispute resolution process
Prada Retail UK Ltd has dedicated accounts payable staff and contact points for suppliers.
In case of disputes suppliers can liase with accounts payable staff or directly with buyers to resolve any issues.
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