RIVER ISLAND CLOTHING CO LIMITED
Company Information
- Company Number
- 00636095
- Registered Address
- Chelsea House, West Gate, London, W5 1DR
- Status
- Active
- Employee Count
- 2264.0
- Turnover
- 715300000.0
- EBITDA
- 17700000.0
Additional Details
- Website
- https://riverisland.com
- Company Type
- Private limited Company
- Incorporated On
- 31 August 1959
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 43 | 35% | 54% | 11% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 41 | 39% | 52% | 9% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 43 | 40% | 49% | 11% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 39 | 49% | 47% | 4% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 49 | 40% | 54% | 6% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 43 | 31% | 52% | 17% | 39% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 44 | 18% | 56% | 25% | 35% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 26 | 55% | 32% | 13% | 30% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 17 | 86% | 8% | 6% | 12% |
| 31 Dec 2018 - 30 Jun 2019 | 25 Jul 2019 | 19 | 77% | 15% | 8% | 18% |
| 30 Jun 2018 - 31 Dec 2018 | 04 Feb 2019 | 18 | 88% | 9% | 3% | 21% |
| 31 Dec 2017 - 29 Jun 2018 | 27 Jul 2018 | 20 | 85% | 11% | 4% | 19% |
Company Summary
RIVER ISLAND CLOTHING CO
LIMITED is a British fashion retailer that was founded in 1948 by Bernard Lewis and his brothers
The company has over 350 stores worldwide, with its headquarters located in London, UK
The company offers a wide range of clothing and accessories for men, women, and children, including trendy and affordable fashion items
It also has a sustainability program in place, with a focus on reducing its impact on the environment
This includes using sustainable materials, reducing waste, and implementing ethical sourcing practices
Some of the key people in the company include Ben Lewis, the CEO, and Will Kernan, the Managing Director
They are responsible for leading the company and ensuring its success in the fashion industry
Customers can contact RIVER ISLAND CLOTHING CO
LIMITED through their website, which offers online shopping, customer service support, and a blog featuring the latest fashion trends
The company also has a strong presence on social media platforms like Instagram, Facebook, and Twitter
The registered office address of RIVER ISLAND CLOTHING CO
LIMITED is at Chelsea House, Westgate, London, W5 1DR, United Kingdom, and their website address is www.riverisland.com
The company continues to be a popular and successful fashion retailer, known for its trendy and sustainable products
Company Review
Trend Analysis
The average time taken for RIVER ISLAND CLOTHING CO. LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period.
Volatility Analysis
The volatility of the company's payment pattern can be seen in the drastic changes in the percentage of invoices paid within 30 days and those paid later than 60 days. This indicates that the company's payment behavior is not consistent.
Summary Analysis
From 2017 to 2020, RIVER ISLAND CLOTHING CO. LIMITED consistently paid invoices within an average of 20 days. However, there was a notable decrease in the percentage of invoices paid within 30 days in the period of 2020-01-01 to 2020-06-30, with an increase in those paid later than 60 days. This was also the period with the longest average time to pay invoices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
River Island Clothing Co. Ltd Standard payment terms are as follows; Goods for sale - 14-60 days Goods not for sale - 7-60 days Terms are based on the agreements and types of goods or service being offered by individual 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
60
Dispute Resolution Process
Disputes concerning supplier invoices and payments are dealt with by Accounts Payable and managed through a central mailbox. Concerned teams endeavour to resolve any issues in a timely manner to ensure payment terms are met.
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
