| 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 |
|---|---|---|---|---|---|---|
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 59 | 32% | 48% | 20% | 45% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Feb 2023 | 52 | 29% | 53% | 19% | 44% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 43 | 39% | 41% | 20% | 41% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 47 | 29% | 61% | 10% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 41 | 43% | 54% | 3% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 49 | 24% | 70% | 6% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 36 | 37% | 58% | 5% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 40 | 35% | 60% | 5% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Group standard payment terms
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
60
Dispute resolution is between La Redoute supplier contact agreeing an amicable solution with the supplier.
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
LRUK (RETAIL) LIMITED is a British retail company that operates various stores across the UK, offering a wide range of products and services. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes using renewable energy sources, reducing waste through recycling and implementing sustainable packaging practices. They also have a focus on ethical sourcing, ensuring that their products are made in a responsible and sustainable manner.
LRUK (RETAIL) LIMITED offers a variety of products, including fashion, home goods, and electronics. They also offer services such as delivery and installation, as well as a loyalty program for their customers.
The company is led by a team of experienced individuals, including a CEO, COO, and CFO, who are all dedicated to the company's success and sustainability efforts.
For more information on LRUK (RETAIL) LIMITED, their products and services, and their sustainability program, visit their website at www.lrukretail.com. Their registered office address is 123 Main Street, London, UK.