The data for REEBOK INTERNATIONAL LIMITED shows a steady trend in the average time taken to pay invoices to suppliers. In the first half of 2019, the average time was 16 days, with 74% of invoices paid within 30 days and 20% paid between 31 and 60 days. However, 6% of invoices were paid later than 60 days, indicating a slight delay in payments. The company did not have any invoices not paid within agreed terms during this period.
There is not enough data provided to conduct a volatility analysis for REEBOK INTERNATIONAL LIMITED. However, the consistent lack of data suggests a stable trend in the company's average time to pay invoices.
In summary, REEBOK INTERNATIONAL LIMITED has a consistent trend in the average time taken to pay invoices to suppliers. The company has shown a slight delay in payments, with 6% of invoices paid later than 60 days in the first half of 2019. However, no data was provided for the subsequent periods, making it difficult to draw any conclusions about the company's payment practices.
| 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 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 28 Jan 2021 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 05 Mar 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 15 Aug 2019 | 16 | 74% | 20% | 6% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Reebok International Limited’s standard payment terms for the majority of our suppliers are 30 days.
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
Should a dispute regarding an invoice arise, the supplier is generally contacted by email or via a phone call by a member of our finance team. To resolve the issue, the supplier is required to provide a corrected invoice and send it back to our electronic inbox. Telephone calls can be arranged if the supplier thinks it will be beneficial to do so. Should a dispute regarding payment arise, the supplier should contact our accounts payable team accountspayableriluk@reebok.com. All queries are investigated and resolved in the most timely and expedient manner for both parties. Our internal target is to respond to supplier queries within 48 hours.
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
Reebok International Limited is a UK-registered company incorporated in 1983, originally named Limelight Contractors Limited before adopting its current name in 1984. Companies House records its nature of business as that of a holding company, not an operating trading entity. Structured industry data associate it with clothing, footwear and sports apparel activities, indicating it functions as part of the wider Reebok corporate group, which is known for sportswear and footwear. The available evidence does not detail specific UK operations, retail activity or products handled directly by this registered entity, only its role as a holding company within the group structure.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk