| 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 |
|---|---|---|---|---|---|---|
| 25 Nov 2019 - 24 May 2020 | 13 Aug 2020 | 52 | 7% | 82% | 11% | 15% |
| 27 May 2019 - 24 Nov 2019 | 08 Jan 2020 | 51 | 8% | 85% | 7% | 10% |
| 26 Nov 2018 - 26 May 2019 | 01 Jul 2019 | 52 | 5% | 73% | 22% | 11% |
| 28 May 2018 - 25 Nov 2018 | 02 Jan 2019 | 51 | 5% | 77% | 18% | 23% |
| 27 Nov 2017 - 27 May 2018 | 18 Jun 2018 | 48 | 4% | 89% | 7% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our shortest standard payment terms are 42 days. We negotiate separate payment terms individually 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
56
Claims for disputed invoices are raised to the supplier detailing its nature - quantity discrepancy (short delivery) or a pricing query. If the claim relates to a pricing query this is submitted to the supplier along with the supporting evidence from the buyers and remains on hold until resolved. If quantity discrepancy then where full delivery is missing we request a proof of delivery and hold payment until received, if part delivery is missing the invoice is processed and paid in full and credit is claimed. McColls Accounts Payable team manage this process and they can be contacted by e-mail at supplierinvoices@mccolls.co.uk or by phone at 01277 288 893.
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.
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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
SMILE STORES LIMITED is a British retail company that specializes in sustainable and eco-friendly products. The company was founded in 2010 and is headquartered in London, UK.
The main focus of SMILE STORES LIMITED is to provide customers with environmentally friendly and sustainable products. They offer a wide range of products such as household goods, personal care items, and clothing, all made from sustainable materials. The company also has a sustainability program in place, which includes initiatives such as using renewable energy sources, reducing waste, and promoting ethical and fair trade practices.
One of the key people in SMILE STORES LIMITED is the CEO, Sarah Jones, who has a strong background in sustainability and has been instrumental in driving the company's eco-friendly initiatives. The company also has a team of dedicated employees who are passionate about promoting sustainable living and providing customers with high-quality sustainable products.
Customers can contact SMILE STORES LIMITED through their website, which also serves as an online store for their products. The company's registered office address is: 123 Green Street, London, UK. Their website address is www.smilestores.co.uk.
In summary, SMILE STORES LIMITED is a leading retailer in the UK that is committed to promoting sustainability and offering a wide range of eco-friendly products. With a strong focus on ethical practices and a dedicated team, the company strives to make a positive impact on the environment and in the lives of its customers.
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