ACCESSORIZE BRANDS LTD
Company number: 12543459
Reporting period:
1 September 2024 to 1 March 2025
Report filed on:
25 March 2025
Approved by:
Craig Holson
Payment statistics
Average time taken to pay invoices: 68 days
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 18%
- in 61 days or more: 60%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 21%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
Property suppliers: 0 to 30 days All other suppliers: 30 to 90 days Shorter payment terms may be agreed with freelancers and sole traders as part of commercial negotiations. If payments fall on a weekend or bank holiday, they will be paid on the next working day. The majority of payments reported as ‘not been paid within agreed terms’ above relate to suppliers with payment terms of 14 days or less.
Were there any changes to the standard payment terms in the reporting period?
No
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
No further comment provided
Dispute resolution process
We engage closely with suppliers to ensure that we minimise the impact of delays which tend to be caused by invoice or receiving discrepancies. When an issue has occurred, it is managed through our AP team, with acceleration, if required, through to the Director of Group Finance.
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.
Yes
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