Score of 83.9/100 qualifies for PaymentCheck Certification
The data for Department Stores Realisations Limited shows a consistent trend of decreasing average time to pay invoices since 2017. In the most recent period, the company has reached its lowest average time to pay of 29 days.
The data for Department Stores Realisations Limited also shows a decrease in volatility in terms of the percentage of invoices paid within 30 days and between 31 and 60 days. This indicates that the company has become more consistent in paying invoices within these time frames.
From 2017 to 2021, Department Stores Realisations Limited has shown a significant improvement in their payment practices. The company has reduced its average time to pay invoices by 28 days, from 57 days in 2017 to 29 days in the most recent period (2020-08-30 to 2021-02-27). This is a decrease of 49.1%.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 30 Aug 2020 - 27 Feb 2021 | 23 Mar 2021 | 29 | 79% | 14% | 7% | 7% |
| 01 Mar 2020 - 29 Aug 2020 | 21 Sept 2020 | 45 | 41% | 31% | 28% | 3% |
| 01 Sept 2019 - 29 Feb 2020 | 17 Mar 2020 | 39 | 45% | 40% | 15% | 5% |
| 03 Mar 2019 - 31 Aug 2019 | 26 Sept 2019 | 44 | 35% | 44% | 21% | 5% |
| 02 Sept 2018 - 02 Mar 2019 | 28 Mar 2019 | 53 | 29% | 41% | 31% | 6% |
| 04 Mar 2018 - 01 Sept 2018 | 25 Sept 2018 | 63 | 18% | 40% | 42% | 3% |
| 03 Sept 2017 - 03 Mar 2018 | 12 Apr 2018 | 57 | 25% | 40% | 35% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Goods for resale: up to 120 days from date of invoice or receipt of invoice for non-UK based suppliers. Goods not for resale: up to 90 days from date of invoice. Terms may vary in accordance with individual agreements with suppliers.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
Debenhams offers a B2B website which suppliers can sign up to, to monitor account activity and view the status of invoices. Payment disputes are initially reported to the Supplier Management Teams. The dispute can be further escalated to the Team Leader and Finance Manager of the Supplier Management Teams and resolved by the appropriate action.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Debenhams Retail Limited is the registered UK entity historically operating as Debenhams, the department store retailer, with its registered office in London. Companies House records show it incorporated in 1905 and its SIC codes cover retail sale of clothing and footwear in specialised stores, as well as head office activities. The company's current status is in administration. The Debenhams brand itself now trades as an online-only retailer of fashion, beauty and homeware, describing itself as "Britain's Online Department Store" offering womenswear, menswear, kidswear, furniture and beauty products from a range of third-party and own brands, delivered directly to customers.
Generated from the company's website and Companies House records. Sources: debenhams.com · debenhams.com