ANN SUMMERS LTD
Company Details
Registration Number
01034349
Registered Address
Gold Group House Godstone Road Whyteleafe Surrey CR3 0GG
Company Status
Active
Employee Count
1114
Turnover
£104,543,000
EBITDA
£-57,000
Additional Information
Website
annsummers.com/Company Type
Private limited Company
Incorporated on
10 December 1971
Nature of Business (SIC)
47710 - Retail sale of clothing in specialised stores
Industries
Clothes, Online retailing
Region
South EastCompany Location
Financial Overview
£1,015,404
£-6,174,385
Last Reporting Period
Filed
08 Feb 2024
Period
25 Jun 2023 - 30 Dec 2023
Payment Timing
Average Time to Pay
54 days
Payment Periods
Shortest
60 days
Longest
90 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
80%
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 |
|---|---|---|---|---|---|---|
| 25 Jun 2023 - 30 Dec 2023 | 08 Feb 2024 | 54 | 25% | 36% | 39% | 80% |
| 25 Dec 2022 - 24 Jun 2023 | 20 Jul 2023 | 56 | 30% | 29% | 41% | 79% |
| 26 Jun 2022 - 24 Dec 2022 | 30 Jan 2023 | 61 | 25% | 35% | 40% | 84% |
| 26 Dec 2021 - 25 Jun 2022 | 25 Jul 2022 | 61 | 23% | 25% | 52% | 85% |
| 27 Jun 2021 - 25 Dec 2021 | 28 Jan 2022 | 59 | 34% | 26% | 40% | 76% |
| 27 Dec 2020 - 26 Jun 2021 | 27 Jul 2021 | 64 | 30% | 20% | 50% | 76% |
| 28 Jun 2020 - 26 Dec 2020 | 29 Jan 2021 | 74 | 19% | 25% | 56% | 70% |
| 29 Dec 2019 - 27 Jun 2020 | 31 Jul 2020 | 71 | 23% | 22% | 55% | 48% |
| 30 Jun 2019 - 28 Dec 2019 | 31 Jan 2020 | 58 | 29% | 23% | 48% | 41% |
| 30 Dec 2018 - 29 Jun 2019 | 29 Jul 2019 | 65 | 28% | 24% | 47% | 42% |
| 01 Jul 2018 - 29 Dec 2018 | 28 Jan 2019 | 62 | 25% | 29% | 45% | 36% |
| 24 Dec 2017 - 30 Jun 2018 | 23 Jul 2018 | 50 | 38% | 22% | 40% | 32% |
| 25 Jun 2017 - 23 Dec 2017 | 19 Jan 2018 | 47 | 34% | 28% | 38% | 29% |
Company Summary
ANN SUMMERS LTD
is a British-based company that specializes in retailing lingerie, sex toys, and other adult products
Founded in 1970 by Annice Summers, the company has grown to become one of the most well-known and reputable brands in the adult industry
The company's sustainability program focuses on ethical and responsible sourcing, as well as reducing their carbon footprint
They aim to use sustainable materials in their products and packaging, and have implemented energy-efficient practices in their operations
They also support various charities and organizations that promote sexual health and well-being
ANN SUMMERS LTD
offers a wide range of products, catering to different preferences and lifestyles
Their lingerie collection includes bras, panties, and bodysuits, while their sex toy range features vibrators, dildos, and BDSM accessories
They also have a selection of beauty and skincare products, as well as a line of clothing and accessories
The company is led by CEO Jacqueline Gold, who has been with the company since the 1980s
She has been instrumental in the company's growth and success, as well as its commitment to promoting sexual empowerment and positivity
For more information about ANN SUMMERS LTD
and their products, you can visit their website at www.annsummers.com
Their registered office address is 200 Pentonville Road, London, N1 9JP, United Kingdom
Company Review
Trend Analysis
The data for ANN SUMMERS LTD shows that the company has experienced a steady increase in the average time taken to pay invoices from 2017 to 2023. The average time to pay has increased from 47 days in 2017 to 54 days in 2023. This trend suggests that the company may be facing financial difficulties or inefficiencies in their payment processes.
Volatility Analysis
The volatility of the company's payment practices can be seen in the fluctuation of the percentage of invoices paid within 30 days and invoices paid later than 60 days. From 2017 to 2023, the percentage of invoices paid within 30 days has ranged from 23% to 38%, while the percentage of invoices paid later than 60 days has ranged from 38% to 56%. This volatility indicates that the company's payment practices may not be consistent and may be affected by external factors such as cash flow or supplier relationships.
Summary Analysis
From the data for ANN SUMMERS LTD, it can be seen that the company's average time to pay has increased from 47 days in 2017 to 54 days in 2023. This is a significant increase of 7 days or 14.9%. The company has also seen a decrease in the percentage of invoices paid within 30 days, from 34% in 2017 to 25% in 2023. This is a decrease of 9% or 26.5%. In contrast, the percentage of invoices paid later than 60 days has increased from 38% in 2017 to 50% in 2023. This is an increase of 12% or 31.6%. The company's payment practices have also become more inconsistent, with a higher volatility in the percentage of invoices paid within 30 days and later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Ann Summers Ltd standard payment terms are 90 days after invoice date for stock suppliers and 60 days after invoice date for non-stock 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
90
Dispute Resolution Process
Maintaining strong supplier relationships is important to us. Therefore, in the case of any dispute, we would work with suppliers to reach a swift and mutually agreeable conclusion. Our expectations in the case of dispute are clearly outlined in our Terms and Conditions and Supplier Manuals.
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.
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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?
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