AO RETAIL LIMITED
Company number: 03914998
Reporting period:
1 April 2024 to 30 September 2024
Report filed on:
28 October 2024
Approved by:
Mark Higgins
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 3%
- in 31 to 60 days: 73%
- in 61 days or more: 24%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 12%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms for stock suppliers range from 30 days to 60 days EOM. For non-stock suppliers, terms are generally 30Days, with the only exceptions being in specific agreed circumstances between both parties.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
All queries are managed by a dedicated supplier finance team who contact the supplier with any invoices which can not be matched to receipt of goods. AO Retail Limited has regular dialogue with suppliers and attempts to resolve queries in a timely manner.
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