PRIMARK STORES LIMITED
Company Information
- Company Number
- 00453448
- Registered Address
- Weston Centre, 10 Grosvenor Street, London, W1K 4QY
- Status
- Active
- Employee Count
- 31,819
- Turnover
- £3,378,510,000
- EBITDA
- £414,292,000
Additional Details
- Website
- https://primark.com/en
- Company Type
- Private limited Company
- Incorporated On
- 30 April 1948
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for PRIMARK STORES LIMITED shows a consistent trend of decreasing average time to pay invoices over the past three periods. From 2017-09-17 to 2018-03-16, the average time to pay was 29 days. This decreased to 28 days from 2018-03-17 to 2018-09-16 and remained at 29 days from 2018-09-17 to 2019-03-16. From 2019-03-17 to 2020-09-12, the average time to pay decreased to 27 days and remained at 28 days from 2020-09-13 to 2021-03-12. From 2021-03-13 to 2021-09-18, there was a significant decrease to 25 days and this remained consistent from 2021-09-19 to 2023-03-20.
Volatility Analysis
The data for PRIMARK STORES LIMITED shows a relatively stable trend in terms of volatility. The average time to pay has remained consistent within a range of 1-3 days over the past three periods.
Summary Analysis
Overall, there has been a consistent decrease in the average time for PRIMARK STORES LIMITED to pay invoices over the past three periods. The percentage of invoices paid within 30 days has also increased, with the company consistently paying over 60% of invoices within this time frame. The worst period for late payments was from 2021-03-13 to 2021-09-18, where 4% of invoices were paid later than 60 days. However, this improved significantly in the most recent period (2021-09-19 to 2023-03-20) with only 3% of invoices paid later than 60 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 |
|---|---|---|---|---|---|---|
| 02 Mar 2025 - 13 Sept 2025 | 13 Nov 2025 | 26 | 97% | 2% | 1% | 5% |
| 15 Sept 2024 - 01 Mar 2025 | 30 May 2025 | 25 | 96% | 3% | 1% | 6% |
| 03 Mar 2024 - 14 Sept 2024 | 31 Jan 2025 | 26 | 95% | 4% | 1% | 7% |
| 17 Sept 2023 - 02 Mar 2024 | 30 Jan 2025 | 23 | 95% | 4% | 1% | 7% |
| 20 Mar 2023 - 16 Sept 2023 | 09 Oct 2023 | 25 | 95% | 3% | 2% | 7% |
| 18 Sept 2022 - 19 Mar 2023 | 21 Apr 2023 | 26 | 94% | 3% | 3% | 10% |
| 13 Mar 2022 - 17 Sept 2022 | 21 Nov 2022 | 25 | 93% | 5% | 2% | 10% |
| 19 Sept 2021 - 13 Mar 2022 | 23 May 2022 | 27 | 79% | 18% | 3% | 28% |
| 13 Mar 2021 - 18 Sept 2021 | 13 Oct 2021 | 25 | 82% | 14% | 4% | 43% |
| 13 Sept 2020 - 12 Mar 2021 | 09 Apr 2021 | 28 | 68% | 30% | 2% | 51% |
| 16 Mar 2020 - 12 Sept 2020 | 12 Oct 2020 | 30 | 64% | 32% | 4% | 59% |
| 15 Sept 2019 - 15 Mar 2020 | 16 Apr 2020 | 31 | 66% | 31% | 3% | 51% |
| 17 Mar 2019 - 14 Sept 2019 | 14 Oct 2019 | 27 | 64% | 33% | 3% | 54% |
| 17 Sept 2018 - 16 Mar 2019 | 14 Apr 2019 | 29 | 59% | 38% | 3% | 64% |
| 17 Mar 2018 - 16 Sept 2018 | 12 Oct 2018 | 28 | 61% | 35% | 4% | 64% |
| 17 Sept 2017 - 16 Mar 2018 | 12 Apr 2018 | 29 | 61% | 34% | 5% | 60% |
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
The standard payment terms are 30 days
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
Primark's policy is to pay its suppliers on time in line with agreed terms. Complaints related to late payments are resolved by a dedicated query management team Primark Finance Support who will work with the supplier and their Primark contact to resolve the dispute. Late payments are generally related to issues with incorrect supplier details or invoice/PO discrepancy. Suppliers raise queries regarding payments directly with the Primark Finance Support team.
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.
❌
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.
✅
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
PRIMARK STORES LIMITED is a popular clothing retailer headquartered in Dublin, Ireland. The company was founded in 1969 and has since expanded to over 370 stores in 12 countries, including the United Kingdom.
The company is known for its affordable and trendy fashion products, including clothing, accessories, and footwear for men, women, and children. PRIMARK also offers a range of home and beauty products.
In recent years, PRIMARK has implemented a sustainability program to reduce its environmental impact and promote ethical practices. This includes using sustainable materials, reducing carbon emissions, and promoting fair labor practices in its supply chain.
Some of PRIMARK's key people include CEO Paul Marchant and Chairman Leslie Van de Walle.
Customers can visit PRIMARK's website (primark.com) to browse and purchase products online. The company's registered office address is Primark Stores Limited, Weston Centre, 10 Grosvenor Street, London, W1K 4QY, United Kingdom.
Overall, PRIMARK STORES LIMITED is a popular and affordable fashion retailer with a growing focus on sustainability.
