ARCADIA GROUP LIMITED
Company Information
- Company Number
- 00237511
- Registered Address
- C/O Teneo Financial Advisory Limited The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Status
- Liquidation
- Employee Count
- 21,616
- Turnover
- £1,819,000,000
- EBITDA
- -£7,000,000
Additional Details
- Website
- https://topshop.com
- Company Type
- Private limited Company
- Incorporated On
- 27 February 1929
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores70100 - Activities of head offices
- Industries
- Creative,Media And Publishing
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 |
|---|---|---|---|---|---|---|
| 03 Mar 2019 - 31 Aug 2019 | 04 Oct 2019 | 57 | 71% | 17% | 12% | 61% |
| 02 Sept 2018 - 02 Mar 2019 | 01 Apr 2019 | 53 | 45% | 32% | 23% | 46% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Goods not for resale – Invoices are paid weekly, on 60 days payment terms Goods for resale – Invoices are paid twice weekly, on 90 days payment terms Settlement discount applied to all goods for resale invoices as below – Direct Imports suppliers – 4% Landed suppliers – 18.25%
Were there any changes to the standard payment terms in the reporting period?
Payment terms were amended, in consultation with our suppliers, in response to the COVID-19 pandemic and its impact on trading. Terms were increased by 30 days.
Any other information about payment terms
Payment terms were amended, in consultation with our suppliers, in response to the COVID-19 pandemic and its impact on trading. In addition payment processes were amended and payment runs made less frequently as a proportion of staff were furloughed. Adjusting for these two factors the % of payments made while overdue would have been 30%.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Queries from the Company’s suppliers are directed through a central Supplier Liaison team within Accounts Payable. The following service level agreements are in place to ensure we respond to our suppliers within an acceptable time frame: (a) Urgent queries – 24 hours from receipt of query; and (b) Non-urgent queries – 48 hours from receipt of query. The initial contact points for suppliers are as follows: (a) Goods for resale – tradeinvoices@arcadiagroup.co.uk (b) Goods not for resale – general.expense.queries@arcadiagroup.co.uk
Other Payment Information
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
Company Summary
ARCADIA GROUP LIMITED is a British multinational retail company that operates over 2,500 stores across the world. The company was founded in 1903 and is headquartered in London, United Kingdom.
The company's sustainability program is a key focus, with a commitment to reducing their environmental impact and promoting ethical and sustainable practices throughout their supply chain. They have set ambitious targets to achieve 100% sustainable cotton sourcing by 2025 and have implemented various initiatives to reduce their carbon footprint and waste.
ARCADIA GROUP LIMITED offers a range of products and services under its various brands such as Topshop, Topman, Dorothy Perkins, Miss Selfridge, and Burton. They provide a wide range of clothing, shoes, accessories, and beauty products for men and women, catering to different styles and trends.
The key people at ARCADIA GROUP LIMITED include chairman Ian Grabiner and CEO Philip Green, who lead a team of dedicated professionals in driving the company's success.
For more information on their products and services, customers can visit their website at www.arcadiagroup.co.uk. The registered office address for ARCADIA GROUP LIMITED is Colegrave House, 70 Berners Street, London, W1T 3NL, United Kingdom.
