SOFOLOGY LIMITED
Company Information
- Company Number
- 01778734
- Registered Address
- Sofology Limited Ashton Road, Golborne, Warrington, England, WA3 3UL
- Status
- Active
- Employee Count
- 784
- Turnover
- £225,800,000
- EBITDA
- £42,300,000
Additional Details
- Website
- https://www.sofology.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 16 December 1983
- Nature of Business
- 47599 - Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
- Industries
- Commerce Models, Property-related Goods And Services
- 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 |
|---|---|---|---|---|---|---|
| 30 Dec 2024 - 29 Jun 2025 | 28 Jul 2025 | 63 | 26% | 25% | 49% | 6% |
| 26 Jun 2023 - 24 Dec 2023 | 14 Feb 2024 | 63 | 28% | 39% | 33% | 24% |
| 26 Dec 2022 - 25 Jun 2023 | 26 Jul 2023 | 55 | 19% | 38% | 43% | 39% |
| 01 Jan 2022 - 30 Jun 2022 | 12 Aug 2022 | 46 | 29% | 36% | 35% | 54% |
| 28 Jun 2021 - 26 Dec 2021 | 03 Feb 2022 | 44 | 35% | 25% | 40% | 42% |
| 28 Dec 2020 - 27 Jun 2021 | 03 Sept 2021 | 25 | 76% | 16% | 8% | 30% |
| 29 Jun 2020 - 27 Dec 2020 | 03 Sept 2021 | 33 | 49% | 46% | 5% | 29% |
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
Payment terms are agreed with key suppliers individually and may vary depending on the nature of the goods or services being provided. Standard payment terms for other suppliers are typically 60 days from invoice date.
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
120
Dispute Resolution Process
Where discrepancies arise on either the price or volume of items received, these are referred to the business area receiving the goods or services for agreement with the supplier, supported by the accounts payable team. Where necessary, additional documentation (e.g. proof of delivery) is sought.
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
SOFOLOGY LIMITED is a UK-based furniture retailer that specializes in sofas, armchairs, and other home furnishings. The company was founded in 1974 and has since become a leading brand in the industry.
The company's sustainability program focuses on reducing their environmental impact through various initiatives such as using sustainable materials in their products, reducing their carbon footprint, and implementing sustainable practices in their operations. They also work with suppliers who share their commitment to sustainability.
SOFOLOGY offers a wide range of high-quality, stylish and comfortable furniture for the living room, dining room, and bedroom. They have a team of trained experts who provide personalized design advice to customers to help them create their dream home.
The key people behind SOFOLOGY's success include CEO Andy Street, who has over 20 years of experience in the retail industry, and Chairman Bill Adams, who has a background in finance and brings valuable expertise to the company.
Customers can visit SOFOLOGY's website to explore their products, book a store appointment, or chat with a design expert. They also have a dedicated customer service team available to assist with any queries or concerns.
The registered office address for SOFOLOGY LIMITED is 1 Staples Corner, London NW2 6LT, United Kingdom. Their website address is www.sofology.co.uk. With their commitment to sustainability and dedication to providing quality products and services, SOFOLOGY continues to be a top choice for furniture shopping in the UK.
