COSTCUTTER SUPERMARKETS GROUP LIMITED

Company Information

Company Number
02059678
Registered Address
2 Abbey Road, London, England, NW10 7BW
Status
Active
Employee Count
177.0
Turnover
455052000.0
EBITDA
15673000.0

Additional Details

Company Type
Private limited Company
Incorporated On
30 September 1986
Nature of Business
47190 - Other retail sale in non-specialised stores
Industries
Supply Chain,Manufacturing And Commerce Models
Region
London

Company Location

Google
Map data ©2025
Map data ©2025

Financial Metrics

Cash
£7,296,000.00
Net Worth
-£16,814,000.00
Total Current Assets
£41,853,000.00
Total Current Liabilities
£51,279,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
33 days
Shortest Period:7 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
18%
31-60 Days
81%
After 60 Days
1%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018010203040

Payment Distribution Trends

Dec 2023Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 20180255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20243318%81%1%1%
01 Jul 2020 - 31 Dec 202021 Jan 20212859%36%4%45%
01 Jan 2020 - 30 Jun 202017 Jul 20203551%38%10%57%
01 Jul 2019 - 31 Dec 201914 Jan 20203851%36%12%53%
01 Jan 2019 - 30 Jun 201929 Jul 20194048%39%13%56%
01 Jul 2018 - 31 Dec 201828 Jan 20193843%43%14%60%
01 Jan 2018 - 30 Jun 201812 Jul 20183043%50%9%67%

Company Summary

COSTCUTTER SUPERMARKETS GROUP LIMITED is a British-based retail company that operates a network of convenience stores and supermarkets across the UK

The company was founded in 1986 and is headquartered in York, England

The company's main focus is to provide affordable and high-quality products to its customers

They offer a wide range of products including groceries, fresh produce, household items, and other daily essentials

In addition to their own brand products, they also stock popular brands such as Coca-Cola, Nestle, and Heinz

COSTCUTTER SUPERMARKETS GROUP LIMITED is committed to sustainability and has implemented a sustainability program to reduce their environmental impact

They have initiatives in place to reduce energy consumption, minimize food waste, and promote recycling

They also work closely with their suppliers to source sustainable products and reduce their carbon footprint

The company's key people include the CEO, Darcy Willson-Rymer, and the Chairman, Tim Stanley

They have a team of experienced professionals who are dedicated to providing excellent service to their customers

For more information on their products and services, customers can visit their website at www.costcutter.co.uk

The website also allows customers to locate their nearest store and browse their current promotions

The registered office address for COSTCUTTER SUPERMARKETS GROUP LIMITED is Costcutter House, Empire Way, Leeds, LS16 9EN

In summary, COSTCUTTER SUPERMARKETS GROUP LIMITED is a well-established retail company in the UK that offers affordable and high-quality products to its customers

They have a strong commitment to sustainability and have implemented various initiatives to reduce their environmental impact

With a dedicated team and a wide range of products, they continue to be a popular choice for convenience shopping

Company Review

Trend Analysis

The average time taken for COSTCUTTER SUPERMARKETS GROUP LIMITED to pay invoices to suppliers has decreased from 2018 to 2020, with a slight increase in 2023.

Volatility Analysis

The percentage of invoices paid within 30 days has fluctuated between 43% and 59% over the past three years. The percentage of invoices paid between 31 and 60 days has also fluctuated between 36% and 50%. However, there has been a consistent decrease in the percentage of invoices paid later than 60 days, from 14% in 2018 to 1% in 2023.

Summary Analysis

From 2018 to 2020, COSTCUTTER SUPERMARKETS GROUP LIMITED has improved their payment process, with the average time taken to pay invoices decreasing from 38 days to 28 days. The percentage of invoices paid within 30 days has also increased from 43% to 59%, while the percentage of invoices paid later than 60 days has decreased from 14% to 4%.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Costcutter agree standard payment terms that vary between 7 and 90 days depending on size of supplier and products they sell. Most suppliers are currently paid on weekly payment runs.

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

90

Dispute Resolution Process

Invoices in dispute go on hold, and are discussed between the Accounts Department, Trading and the Supplier. Once resolved, the invoice will go forward for payment in accordance with its normal payment terms. If resolved after the payment due date, the invoice is paid on the supplier’s next payment run.

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

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