MISSGUIDED LIMITED
Company number: 03235904
Reporting period:
27 September 2021 to 27 March 2022
Report filed on:
30 April 2022
Approved by:
R Ellis
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 34%
- in 61 days or more: 48%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 75%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
60 days from date of invoice for landed suppliers 75 days from Bills of laden for FOB suppliers
Were there any changes to the standard payment terms in the reporting period?
Landed suppliers have moved from 45 days from date of invoice to 60 days from date of invoice FOB suppliers have moved from 60 days from Bills of Laden to 75 days from Bills of Laden
Were suppliers notified or consulted about these changes before they were made?
Consultation with suppliers resulting inagreement to new terms
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Missguided has a process in place for resolvingdisputes relating to payment. In the event of adispute, the Accounts Payable Team wouldnotify the supplier either verbally or in writing ofthe existence and nature of the dispute and seekto agree a credit note or alternative resolution sothat a payment can be made. Resolution timewould be expected to be within 7 to 14 daysdepending on the nature of the dispute sosupplier payment terms could still be met. TheAccounts Payable email isaccountspayable@missguided.com
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