PAUL SMITH LIMITED
Company Information
- Company Number
- 01170719
- Registered Address
- The Poplars, Lenton Lane, Nottingham, NG7 2PW
- Status
- Active
- Employee Count
- 926.0
- Turnover
- 152589000.0
- EBITDA
- -8013000.0
Additional Details
- Website
- https://paulsmith.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 17 May 1974
- Nature of Business
- 46420 - Wholesale of clothing and footwear$47710 - Retail sale of clothing in specialised stores
- Industries
- Creative,Media And Publishing
- Region
- East Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 21 | 80% | 14% | 6% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 23 | 78% | 15% | 7% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 16 Jan 2023 | 22 | 77% | 17% | 6% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Dec 2022 | 24 | 71% | 22% | 7% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Apr 2022 | 22 | 72% | 22% | 6% | 28% |
| 01 Jan 2021 - 30 Jun 2021 | 08 Sept 2021 | 22 | 78% | 16% | 6% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 13 May 2021 | 24 | 70% | 25% | 5% | 31% |
| 01 Jan 2020 - 30 Jun 2020 | 11 May 2021 | 21 | 69% | 20% | 11% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 10 May 2021 | 22 | 72% | 21% | 7% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Oct 2019 | 27 | 60% | 30% | 10% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 03 Oct 2019 | 26 | 63% | 29% | 8% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 21 Dec 2018 | 24 | 69% | 22% | 9% | 41% |
| 01 Jul 2017 - 31 Dec 2017 | 03 May 2018 | 22 | 70% | 23% | 7% | 37% |
Company Summary
Paul Smith Limited is a British fashion company that was founded in 1970 by Sir Paul Smith
The company is known for its high-quality, quirky and colourful designs for both men and women
As a company, Paul Smith Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact
This includes using sustainable materials, such as organic cotton and recycled polyester, in their products, as well as implementing energy-efficient practices in their stores and offices
Their product range includes clothing, accessories, and footwear, all designed with a focus on quality and sustainability
The company also offers a made-to-measure service, allowing customers to create their own bespoke pieces
The key people at Paul Smith Limited include Sir Paul Smith as the founder and Chairman, and Simon Homes as the CEO
They are supported by a team of talented designers and employees who share the company's values and vision
For those interested in contacting Paul Smith Limited, their website address is www.paulsmith.com
The company's registered office address is 37-39 Floral Street, London, WC2E 9DS, United Kingdom
In conclusion, Paul Smith Limited is a renowned British fashion company that not only produces high-quality and unique designs, but also places a strong emphasis on sustainability
With their commitment to using sustainable materials and energy-efficient practices, the company continues to thrive while also making a positive impact on the environment
Company Review
Trend Analysis
The average time taken for PAUL SMITH LIMITED to pay invoices to suppliers has fluctuated over the past three periods, but has generally decreased. In the first period (2017-07-01 to 2017-12-31), the average time was 22 days, increasing to 24 days in the next period and then decreasing to 22 days in the most recent period. This indicates that the company has been making efforts to pay invoices more promptly.
Volatility Analysis
The volatility of PAUL SMITH LIMITED's payment behavior has also decreased over the past three periods. In the first period, the percentage of invoices paid later than 60 days was 7%, increasing to 10% in the second period, and then decreasing to 6% in the most recent period. This shows that the company has been more consistent in paying invoices within the agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 30 or 60 days dependent on the type of goods or services purchased. In general goods from suppliers for resale are 60 day terms and all other suppliers 30 day terms.
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
60
Dispute Resolution Process
Suppliers can contact our Accounts Payable team via email (purchaseledger@paulsmith.co.uk) with any disputes. If disputes cannot be resolved by the department these are escalated to the Group Financial Controller for consideration.
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?
No information available
