| 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 2022 - 31 Dec 2022 | 02 Feb 2023 | 50 | 22% | 63% | 16% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 48 | 26% | 63% | 11% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 50 | 27% | 59% | 14% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 46 | 29% | 61% | 10% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 36 | 52% | 42% | 6% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 43 | 37% | 49% | 14% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 41 | 38% | 57% | 5% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 25 | 60% | 38% | 2% | 31% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 23 | 61% | 37% | 2% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Adidas UK LTD's standard payment terms for the majority of its suppliers are 60 days from the date on which the invoice was received.
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
60
Adidas UK LTD advises that all invoices must contain a Purchase order number which is given to suppliers by our procurement team once the order is approved. This purchase order contains a section that details whom to contact with queries and the email address aukaccountspayable@adidas.com
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Adidas (U.K.) Limited is the UK entity of the adidas group, registered in Stockport and active since its incorporation in 1972. Companies House records list its business activities as wholesale of textiles, wholesale of clothing and footwear, and retail sale of sports goods, fishing gear, camping goods, boats and bicycles. This indicates the entity handles the distribution and retail of adidas branded sportswear, footwear and equipment within the UK, as part of the wider adidas group's operations. The company's own website could not be accessed for further detail due to security restrictions, so this summary relies on the structured company record for its description of activities.
Generated from the company's website and Companies House records.