Company number: 07063562
3 May 2022
to 28 October 2022
This report was filed on 6 December 2022
and approved by Shaun Wills
Average time taken to pay invoices: 61 days
- within 30 days: 29%
- in 31 to 60 days: 43%
- in 61 days or more: 28%
Invoices due but not paid within agreed terms: 80 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
The Superdry group of companies operate to a set of standard payment terms, which are 60 days for goods for re-sale, 30 days for non-goods for re-sale and 14 days for store rents and utilities. Variations to these terms do exist based on agreements with certain suppliers.
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
Payment disputes are settled by reference to the companies 'Condition of Purchase' in the first instance. Where disputes cannot be settled through this process, suppliers are asked to contact the Superdry Accounts Payable email and the appropriate accounts payable assistant will respond to the query. Superdry operates an escalation process which sees items not satisfactorily resolved in the first instance elevated to the Head of Department, Finance Operations Manager and CFO.
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?