Company number: 03584121
and approved by Katy Mecklenburgh
Average time taken to pay invoices: 71 days
Invoices paid:
Invoices due but not paid within agreed terms: 62%
14 days
90 days
ASOS.com Limited’s standard payment terms are: for stock, 90 days from the later of the date of invoice or the date the goods are received; for Free on Board stock, 14-60 days from the date the goods were on vessel; for non-stock, 30-60 days from date the invoice was received. SME’s are paid within 30 days.
Answer not provided
N/A
90 days
No further comment provided
The batch payment process in the vast majority of cases results in the payment being actioned by the due date of the invoice, due to it taking up to 2 days to be received into the supplier's bank account these invoices are classed as paid late for payment practice reporting purposes.
All disputes are initially dealt with by Accounts Payable. Each supplier has an assigned representative who will contact the relevant Retail team, Logistics and business areas to resolve the query. Complaints are followed up within five days and escalated as appropriate. On resolution, the supplier will be paid in accordance with their payment terms or on the next payment run if payment is already due.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: ACT (Action Collaboration Transformation) Memorandum of Understanding on establishing freedom of association, collective bargaining and living wages within global supply chain value chains
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No