PRETTYLITTLETHING.COM LIMITED
Company number: 07352417
Reporting period:
1 September 2024 to 28 February 2025
Report filed on:
31 March 2025
Approved by:
Daniel Finley
Payment statistics
Average time taken to pay invoices: 61 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 26%
- in 61 days or more: 43%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 77%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
90 days
Standard payment terms
Standard terms are agreed with suppliers and vary from 45 days to 90 days.
Were there any changes to the standard payment terms in the reporting period?
Payment terms changed from between 30 and 75 days to between 45 and 90 days.
Were suppliers notified or consulted about these changes before they were made?
All suppliers were contacted by email in advance of the changes being made.
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Personnel in the accounts payable team are allocated a number of suppliers to manage and the account handler deals with disputes in the first instance. If the dispute cannot be easily resolved, the matter is passed to the team supervisors and, if necessary, escalated to the Head of Finance or the COO.
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