Industry ranking
The average time for PERRY ELLIS EUROPE LIMITED to pay invoices has fluctuated over the past three periods. In 2018-2019, the average time was 37 days, but it decreased to 35 days in 2019-2020. However, in 2020-2021, it increased to 42 days.
The volatility in PERRY ELLIS EUROPE LIMITED's payment behavior can be seen in the changes between periods. In 2018-2019, there was a 1% increase in invoices paid within 30 days, but a 3% increase in invoices paid later than 60 days. In 2019-2020, there was a 1% decrease in invoices paid within 30 days, but a 2% decrease in invoices paid later than 60 days. In 2020-2021, there was a 9% decrease in invoices paid within 30 days and a 9% increase in invoices paid later than 60 days.
In the past three periods, PERRY ELLIS EUROPE LIMITED has shown overall improvement in their payment behavior. The average time to pay invoices has decreased from 37 days in 2018-2019 to 41 days in 2020-2021. The percentage of invoices paid within 30 days has also increased from 65% in 2018-2019 to 68% in 2020-2021. However, there has been an increase in the percentage of invoices paid later than 60 days, from 11% in 2018-2019 to 18% in 2020-2021.
| 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 |
|---|---|---|---|---|---|---|
| 03 Aug 2025 - 31 Jan 2026 | 20 Apr 2026 | 27 | 73% | 22% | 5% | 19% |
| 02 Feb 2025 - 02 Aug 2025 | 14 Nov 2025 | 28 | 72% | 23% | 5% | 17% |
| 04 Aug 2024 - 01 Feb 2025 | 24 Feb 2025 | 27 | 75% | 20% | 5% | 84% |
| 04 Feb 2024 - 03 Aug 2024 | 27 Aug 2024 | 27 | 75% | 20% | 5% | 16% |
| 30 Jul 2023 - 03 Feb 2024 | 12 Mar 2024 | 29 | 68% | 26% | 6% | 30% |
| 29 Jan 2023 - 29 Jul 2023 | 26 Sept 2023 | 41 | 55% | 31% | 14% | 39% |
| 31 Jul 2022 - 28 Jan 2023 | 23 Feb 2023 | 42 | 50% | 37% | 13% | 48% |
| 30 Jan 2022 - 30 Jul 2022 | 06 Sept 2022 | 38 | 67% | 17% | 16% | 25% |
| 01 Aug 2021 - 29 Jan 2022 | 25 Feb 2022 | 38 | 69% | 17% | 14% | 29% |
| 31 Jan 2021 - 31 Jul 2021 | 26 Aug 2021 | 40 | 68% | 14% | 18% | 24% |
| 02 Aug 2020 - 30 Jan 2021 | 25 Feb 2021 | 43 | 62% | 21% | 17% | 25% |
| 02 Feb 2020 - 01 Aug 2020 | 24 Aug 2020 | 41 | 52% | 35% | 13% | 40% |
| 04 Aug 2019 - 01 Feb 2020 | 27 Feb 2020 | 34 | 71% | 21% | 8% | 29% |
| 03 Feb 2019 - 03 Aug 2019 | 30 Aug 2019 | 36 | 66% | 24% | 10% | 29% |
| 05 Aug 2018 - 02 Feb 2019 | 19 Feb 2019 | 38 | 65% | 23% | 13% | 20% |
| 04 Feb 2018 - 04 Aug 2018 | 30 Aug 2018 | 36 | 65% | 24% | 11% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days from the end of the month during which the invoice is received. However in order to remain flexible to our suppliers needs individual requests for preferential payment terms will be considered on an individual basis by our Finance Director upon request.
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
Any dispute about invoice payment that cannot be resolved with the Company’s Accounts Payable team can be escalated initially to the Group Financial Controller and thereafter if still unresolved to the Group CFO. Any dispute that cannot be resolved with the Finance team may be referred to the Groups General Council.
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
Perry Ellis Europe Limited is the UK registered company behind the Farah brand, trading through its official online store selling men's clothing and accessories. The range includes shirts, t-shirts, trousers, polos, jumpers, jackets and coats, alongside accessories and fragrance. Farah originated as a workwear maker founded in Texas in 1920 before being re-established in the UK during the 1970s, becoming associated with British subcultures including Mods and Casuals. The company describes efforts to use certified organic cotton in its basics and fashion lines and to reduce packaging. Companies House records list its activities as wholesale of clothing and footwear and retail sale of clothing in specialised stores, reflecting both wholesale supply and direct-to-consumer retail operations.
Generated from the company's website and Companies House records. Sources: farah.co.uk · farah.co.uk