Score of 86.4/100 qualifies for PaymentCheck Certification
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.
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.
| 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 Jan 2025 - 30 Jun 2025 | 05 Nov 2025 | 19 | 80% | 14% | 6% | 17% |
| 01 Jul 2024 - 31 Dec 2024 | 04 Mar 2025 | 17 | 82% | 13% | 5% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 20 | 82% | 12% | 6% | 12% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
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.
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
Paul Smith Limited is a Nottingham-based clothing company registered at The Poplars, Lenton Lane. Its registered business activities cover the wholesale of clothing and footwear and the retail sale of clothing in specialised stores. The company has been active since its incorporation in 1974 and continues to file accounts and confirmation statements with Companies House. No further detail on brands, retail locations or wholesale customers is available from the evidence supplied. The company operates within the fashion trade, combining wholesale supply with direct retail sale of clothing, though the specific product ranges or markets served are not described in the available records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk