POUNDSTRETCHER LIMITED
Company number: 00553014
Reporting period:
5 October 2021 to
3 April 2022
This report was filed on 12 May 2022
and approved by GERRY LOUGHRAN
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 6%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 38%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
Answer not provided
Standard payment terms
STANDARD TERMS FOR EXPENSES IS 30 DAYS STANDARD TERMS FOR MERCHANDISE IS PER AGREEMENT BETWEEN THE BUYER AND INDIVIDUAL SUPPLIER (RANGING FROM IMMEDIATE TO 90 DAYS)
Were there any changes to the standard payment terms in the reporting period?
POUNDSTRETCHER HAVE PAID AHEAD OF TERMS WHENEVER POSSIBLE
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
WE WILL ONLY WITHHOLD PAYMENT IF THE ACCOUNT IS IN QUERY .
Dispute resolution process
INITIALLY DEALT WITH BY PURCHASE LEDGER/TREASURY DEPARTMENT. IF THE ISSUE IS NOT RESOLVED IS IS THEN ESCALATED TO THE BUYER AND /OR TREASURY MANAGER
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, 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