POUNDSTRETCHER LIMITED
Company number: 00553014
Reporting period:
4 April 2021 to
4 October 2021
This report was filed on 3 November 2021
and approved by Gerard Martin Loughran
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 20%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 7%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
40 days
Standard payment terms
Standard Terms for Expense Suppliers is 30 days. Standard Terms for Merchandise Suppliers is per agreement between buyer and individual supplier (ranging from immediate to 90 days)
Were there any changes to the standard payment terms in the reporting period?
where possible the company have paid ahead of terms Rents have also been paid 5 to 10 days early and stock up to two months ahead
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
If there are a large number of queries of an account payment will be held up.
Dispute resolution process
initially dealt with by Purchase Ledger/Treasury, if necessary then escalated to buyer, Treasury & PL Manager and finally Directors
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