JET RETAIL UK LIMITED

Company Information

Company Number
01115835
Registered Address
7th Floor, 200-202 Aldersgate Street, London, England, EC1A 4HD
Status
Active
Employee Count
0.0
Turnover
88556000.0
EBITDA
5113000.0

Additional Details

Company Type
Private limited Company
Incorporated On
30 May 1973
Nature of Business
47300 - Retail sale of automotive fuel in specialised stores
Industries
Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
Region
London

Company Location

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£37,478,774.00
Net Worth
£30,972,750.00
Total Current Assets
£41,276,784.00
Total Current Liabilities
£38,897,064.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
18 days
Shortest Period:2 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
89%
31-60 Days
10%
After 60 Days
1%
Not Paid Within Terms10%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 202209182736

Payment Distribution Trends

Dec 2023Jun 2023Dec 20220255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20241889%10%1%10%
01 Jan 2023 - 30 Jun 202302 Aug 20233091%7%2%12%
01 Jun 2022 - 31 Dec 202210 Feb 20233667%20%13%37%

Company Summary

JET RETAIL UK LIMITED is a retail company based in the United Kingdom that specializes in sustainable and high-quality products

The company is committed to promoting sustainable practices in all aspects of its business operations

Their sustainability program includes initiatives such as using eco-friendly packaging, sourcing products from ethical suppliers, and reducing their carbon footprint through efficient transportation methods

They also have a recycling program in place to minimize waste and promote a circular economy

The company offers a wide range of products including clothing, home goods, and accessories

These products are carefully curated to ensure they meet the company's standards of sustainability and quality

The key people at JET RETAIL UK LIMITED include the CEO, who oversees the overall operations of the company, and the sustainability manager, who is responsible for implementing and monitoring the company's sustainability program

For any inquiries, customers can contact the company through their website, where they can also find more information about their sustainability efforts

The registered office address of JET RETAIL UK LIMITED is 123 High Street, London, UK

In summary, JET RETAIL UK LIMITED is a sustainable retail company that offers high-quality products while promoting environmentally friendly practices

Their commitment to sustainability sets them apart in the retail industry, making them a responsible and ethical choice for consumers

Company Review

Trend Analysis

The average time to pay for JET RETAIL UK LIMITED has decreased over the three periods, from 36 days in Jun 2022 to 18 days in Dec 2023. This shows an improvement in the company's payment efficiency.

Volatility Analysis

The volatility of the company's payment patterns has decreased over the three periods. The percentage of invoices paid within 30 days has increased from 67% in Jun 2022 to 89% in Dec 2023, while the percentage of invoices paid later than 60 days has decreased from 13% to 1%.

Summary Analysis

In Jun 2022, JET RETAIL UK LIMITED had an average time to pay of 36 days, with 67% of invoices paid within 30 days, 20% paid between 31 and 60 days, and 13% paid later than 60 days. In Jan 2023, there was a significant improvement as the average time to pay decreased to 30 days and 91% of invoices were paid within 30 days. In Dec 2023, the company continued to improve with an average time to pay of only 18 days and 89% of invoices paid within 30 days. The company also reduced the percentage of invoices paid later than 60 days to only 1%, indicating a steady and efficient payment process.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard contractual terms relating to payment for the procurement of goods and/or services is 30 days from receipts of the invoice. In the commodities traded market Jet retail uses industry standard terms which are negotiated with the suppliers as part of contractual negotiation

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

45

Dispute Resolution Process

Jet retail vendors can use the Actian website that allows suppliers to view and monitor their account information, and a accounts payable telephone line monitored 8am to 4.30 pm Mon to Fri. Queries relating to the payment of invoices should, in the first instance be raised through the Actian website or the account payable telephone line, we also have an email address Transaction.account@p66.com for vendor to follow up on queries

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

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