Based on the data provided, there is a clear downward trend in the average time taken for MULBERRY GROUP PLC to pay invoices to suppliers. This trend can be seen across all periods, with the average time to pay decreasing from 2018 to 2023.
There is a slight volatility in the percentage of invoices paid within 30 days, with a high of 100% in 2019 and a low of 90.5% in 2022. However, the overall trend shows an improvement in this area. The percentage of invoices paid between 31 and 60 days also shows a slight volatility, with a high of 9.5% in 2018 and a low of 0% in 2023. The most volatile area is the percentage of invoices paid later than 60 days, with a high of 22.2% in 2018 and a low of 0% in 2023.
In the past three periods, MULBERRY GROUP PLC has shown a clear improvement in their payment practices. In 2021, the average time to pay was 36.3 days, which is a significant decrease from 2018 when it was 54.4 days. The percentage of invoices paid within 30 days has also improved, with a high of 100% in 2019 and a low of 97.6% in 2021. However, the company still needs to work on paying invoices within the agreed terms, as the percentage of invoices not paid within agreed terms has remained relatively consistent at around 2%. The worst period for late payments was in 2018, with 22.2% of invoices being paid later than 60 days.
| 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 Apr 2023 - 30 Sept 2023 | 25 Oct 2023 | |||||
| 01 Oct 2022 - 31 Mar 2023 | 21 Apr 2023 | |||||
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | |||||
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | |||||
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | |||||
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | |||||
| 01 Apr 2020 - 30 Sept 2020 | 28 Oct 2020 | |||||
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | |||||
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | |||||
| 01 Oct 2018 - 31 Mar 2019 | 24 Apr 2019 | |||||
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 |
Mulberry Group PLC is a public limited company registered in Somerset, incorporated in 1974. It previously traded as Mulberry Company (Design) Limited and then Mulberry Company (Holdings) Limited before adopting its present name. Companies House records its nature of business as activities of head offices, indicating it functions as the group holding and administrative entity rather than an operating trading unit. Associated industry classifications point to jewellery and accessories, manufacturing, marketing and branding, online and physical retailing, and product design, testing and quality assurance, consistent with oversight of a fashion accessories group. The company remains active, with accounts and confirmation statements filed regularly at its registered Chilcompton office.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk