THE NET-A-PORTER GROUP LIMITED
Company number: 03820604
1 April 2022
to 30 September 2022
This report was filed on 2 October 2022
and approved by Emanuele Agosta
Average time taken to pay invoices: 73 days
- within 30 days: 41%
- in 31 to 60 days: 23%
- in 61 days or more: 36%
Invoices due but not paid within agreed terms: 58 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard is 60 days, but can differ dependant on agreement with vendors, so in some cases we have 30, 45 ,90 and 120 days
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
If there is a dispute with an invoice we liaise with the vendor and the relevant business to resolve the issues. The vendor would have direct contact with the AP team for payment issues, who then work with the relevant business departments to get invoice to payment stage.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?