MARKS AND SPENCER FINANCIAL SERVICES PLC
Company Information
- Company Number
- 01772585
- Registered Address
- Kings Meadow, Chester Business Park, Chester, United Kingdom, CH99 9FB
- Status
- Active
- Employee Count
- 887
- Turnover
- £212,535,000
- EBITDA
- £40,557,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 24 November 1983
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 10 | 99% | 1% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 10 | 99% | 1% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 10 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 9 | 99% | 0% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 8 | 99% | 0% | 1% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 11 | 98% | 2% | 0% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 12 | 98% | 2% | 0% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 12 | 96% | 3% | 1% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 24 | 92% | 5% | 3% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 25 | 90% | 7% | 3% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 29 | 86% | 9% | 5% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 25 | 79% | 16% | 5% | 17% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from date of receipt of valid invoice
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
42
Dispute Resolution Process
Suppliers are asked to place their issue in writing to their main contact point. Business contact and Accounts Payable will work with the supplier to resolve payment issue/dispute in accordance with internal investigation and escalation procedures
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
Company Summary
MARKS AND SPENCER FINANCIAL SERVICES PLC is a financial services company that operates within the retail industry in the United Kingdom. The company is a subsidiary of Marks and Spencer Group plc and provides a range of financial products and services.
Their sustainability program is a key aspect of their operations, with a focus on reducing their environmental impact and promoting ethical business practices. They have set targets to reduce their carbon emissions and increase their use of renewable energy sources. They also have initiatives in place to reduce waste and promote sustainable sourcing.
MARKS AND SPENCER FINANCIAL SERVICES PLC offers a variety of financial products and services such as credit cards, savings accounts, insurance, and loans. Their products are designed to cater to the needs of their retail customers and provide them with convenient and affordable financial solutions.
The company is led by a team of experienced executives, including the Chief Executive Officer, Chief Financial Officer, and Director of Sustainability. Their leadership is committed to the company's sustainability goals and ensuring the company operates in an ethical and responsible manner.
For more information on their products and services, customers can visit their website at www.marksandspencer.com/finance. The registered office address for MARKS AND SPENCER FINANCIAL SERVICES PLC is Waterside House, 35 North Wharf Road, London, W2 1NW.
