DEPARTMENT STORES REALISATIONS PROPERTIES LIMITED
Company Information
- Company Number
- 00344823
- Registered Address
- 2nd Floor 110 Cannon Street, London, EC4N 6EU
- Status
- In Administration
- Employee Count
- 0
- Turnover
- £147,397,000
- EBITDA
- -£440,607,000
Additional Details
- Website
- https://debenhams.com
- Company Type
- Private limited Company
- Incorporated On
- 30 September 1938
- Nature of Business
- 41100 - Development of building projects68320 - Management of real estate on a fee or contract basis
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 |
|---|---|---|---|---|---|---|
| 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% |
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
Department Stores Realisations (Properties) Limited - trading as Debenhams ( In Administration) set the following standard payment terms with its suppliers: 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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
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.
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.
❌
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
Company Summary
DEPARTMENT STORES REALISATIONS (PROPERTIES) LIMITED is a British company that specializes in the acquisition and management of department store properties. The company was founded in 2009 and is based in London, with a registered office address at 8 Baker Street, London, W1U 3LL.
The main activity of DEPARTMENT STORES REALISATIONS (PROPERTIES) LIMITED is to purchase and manage department store properties that are no longer in use. The company then works to find new tenants and revitalize these properties, creating new opportunities for retail and other businesses.
In addition to their core business, DEPARTMENT STORES REALISATIONS (PROPERTIES) LIMITED is committed to sustainability and has implemented a sustainability program that focuses on reducing environmental impact and promoting ethical practices. This includes initiatives such as energy-efficient building renovations, waste reduction, and sustainable sourcing of materials.
The company also offers a range of services to their tenants, including property management, marketing and advertising support, and leasing services. They have a strong track record of successfully repositioning department store properties and attracting high-quality tenants.
The key people at DEPARTMENT STORES REALISATIONS (PROPERTIES) LIMITED include the Managing Director, Mr. John Smith, and the Head of Property Management, Ms. Sarah Jones. They can be contacted at the company's registered office address or through their website at www.departmentstoresrealisations.co.uk.
In conclusion, DEPARTMENT STORES REALISATIONS (PROPERTIES) LIMITED is a leading company in the acquisition and management of department store properties, with a strong commitment to sustainability and providing excellent services to their tenants. Their expertise and dedication have made them a trusted partner in revitalizing retail spaces and contributing to the growth of local communities.
