Score of 87.2/100 qualifies for PaymentCheck Certification
The average time taken for DEPARTMENT STORES REALISATIONS (PROPERTIES) LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in the most recent period.
The company's payment pattern has been inconsistent, with a significant increase in the time taken to pay invoices in the fourth period and a decrease in the sixth period. The volatility of the company's payment behavior may indicate potential cash flow issues.
From Sep 2017 to Feb 2021, the average time taken by DEPARTMENT STORES REALISATIONS (PROPERTIES) LIMITED to pay invoices has ranged from 10 to 66 days. The company's best period for timely payments was from Mar 2019 to Aug 2019, with an average time of 10 days and 96% of invoices paid within 30 days. However, the company's worst period was from Sep 2019 to Feb 2020, with an average time of 31 days and only 88% of invoices paid within 30 days.
| 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 | 31 | 88% | 2% | 10% | 3% |
| 01 Mar 2020 - 29 Aug 2020 | 21 Sept 2020 | 10 | 96% | 1% | 3% | 0% |
| 01 Sept 2019 - 29 Feb 2020 | 17 Mar 2020 | 11 | 95% | 4% | 1% | 12% |
| 03 Mar 2019 - 31 Aug 2019 | 26 Sept 2019 | 10 | 96% | 2% | 2% | 1% |
| 02 Sept 2018 - 02 Mar 2019 | 28 Mar 2019 | 54 | 87% | 7% | 6% | 0% |
| 04 Mar 2018 - 01 Sept 2018 | 25 Sept 2018 | 66 | 83% | 11% | 6% | 1% |
| 03 Sept 2017 - 03 Mar 2018 | 12 Apr 2018 | 26 | 84% | 11% | 4% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Estate related costs: 0-30 days. 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
90
Payment disputes are initially reported to the Supplier Management teams. The dispute can be further escalated to the Finance Manager and resolved with 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 PROPERTIES LIMITED is a in administration private limited company, incorporated on 30 September 1938, based in the London region. Registered business activity: Development of building projects; Management of real estate on a fee or contract basis.
From Companies House records.