The average time taken for JD SPORTS FASHION PLC to pay invoices has remained relatively consistent over the past three periods, with a slight increase in the most recent period.
The percentage of invoices paid within 30 days has fluctuated between 43% and 55%, with an overall trend of slightly decreasing. The percentage of invoices paid between 31 and 60 days has also fluctuated between 36% and 49%, with a slight increase in the most recent period. The percentage of invoices paid later than 60 days has remained consistent at around 9-10%, with a spike in the most recent period. The percentage of invoices not paid within agreed terms has fluctuated between 28% and 47%, with an overall trend of slightly increasing.
From 2018 to 2021, JD SPORTS FASHION PLC has maintained an average time to pay of around 42-43 days. There has been a slight increase in the percentage of invoices paid within 30 days, from 50% in 2018 to 54% in 2021. However, there has also been a slight increase in the percentage of invoices paid later than 60 days, from 9% in 2018 to 12% in 2021. The worst period for late payments was in 2021, where 44% of invoices were not paid within 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 |
|---|---|---|---|---|---|---|
| 29 Jan 2023 - 29 Jul 2023 | 29 Aug 2023 | 38 | 51% | 39% | 10% | 47% |
| 31 Jul 2022 - 28 Jan 2023 | 29 Aug 2023 | 43 | 46% | 45% | 9% | 44% |
| 30 Jan 2022 - 30 Jul 2022 | 30 Sept 2022 | 43 | 49% | 41% | 10% | 43% |
| 01 Aug 2021 - 29 Jan 2022 | 16 Mar 2022 | 42 | 54% | 37% | 9% | 40% |
| 31 Jan 2021 - 31 Jul 2021 | 16 Mar 2022 | 47 | 50% | 38% | 12% | 44% |
| 02 Aug 2020 - 30 Jan 2021 | 21 Apr 2021 | 43 | 52% | 39% | 9% | 31% |
| 02 Feb 2020 - 01 Aug 2020 | 12 Nov 2020 | 43 | 50% | 37% | 13% | 33% |
| 04 Aug 2019 - 01 Feb 2020 | 04 Mar 2020 | 41 | 45% | 46% | 9% | 37% |
| 03 Feb 2019 - 03 Aug 2019 | 02 Sept 2019 | 42 | 55% | 36% | 9% | 30% |
| 05 Aug 2018 - 02 Feb 2019 | 04 Mar 2019 | 41 | 43% | 49% | 8% | 28% |
| 04 Feb 2018 - 03 Aug 2018 | 30 Aug 2018 | 40 | 50% | 41% | 9% | 31% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Invoices are matched on receipt and disputed invoices notified to the supplier
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
JD Sports Fashion PLC is a leading retailer of sports, fashion, and outdoor brands in the United Kingdom and internationally. The company was founded in 1981 and is headquartered in Bury, England.
The company's main activity is the retailing of sports and fashion brands through its various retail stores, including JD Sports, Size?, and Scotts. It also operates online through its website, offering a wide range of products such as footwear, clothing, and accessories from popular brands like Nike, Adidas, and Puma.
JD Sports Fashion PLC is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using sustainable materials in their products, reducing carbon emissions, and promoting recycling and responsible sourcing practices.
The company's key people include Executive Chairman, Peter Cowgill, and Chief Executive Officer, Peter Cowgill. They lead a team of over 50,000 employees worldwide.
For customer inquiries, JD Sports Fashion PLC can be contacted through their website, which also provides information on their products, services, and store locations. The registered office address is at Hollinsbrook Way, Pilsworth, Bury, Lancashire, BL9 8RR, United Kingdom.
In summary, JD Sports Fashion PLC is a leading retailer of sports, fashion, and outdoor brands, with a strong commitment to sustainability. Through their wide range of products and services and dedicated team, they continue to provide customers with the latest and most popular brands in the market.