PERRY ELLIS EUROPE LIMITED
Company number: 00981294
Reporting period:
31 January 2021 to 31 July 2021
Report filed on:
26 August 2021
Approved by:
Darren Brown
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 14%
- in 61 days or more: 18%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 24%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are 30 days from the end of the month during which the invoice is received. However in order to remain flexible to our suppliers needs individual requests for preferential payment terms will be considered on an individual basis by our Finance Director upon request.
For non-finished goods: Standard payment terms are 30 days from the end of the month during which the invoice is received. However in order to remain flexible to our suppliers needs individual requests for preferential payment terms will be considered on an individual basis by our Finance Director upon request. For finished goods: Standard payment terms are 90 days from the Bill of Lading date.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any dispute about invoice payment that cannot be resolved with the Company’s Accounts Payable team can be escalated initially to the Group Financial Controller and thereafter if still unresolved to the Group CFO. Any dispute that cannot be resolved with the Finance team may be referred to the Groups General Council.
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.
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