MATALAN RETAIL LTD
Company Details
Registration Number
02103564
Registered Address
Matalan Head Office Perimeter Road Knowsley Industrial Park Liverpool L33 7SZ
Company Status
Active
Employee Count
11246
Turnover
£1,153,400,000
EBITDA
£110,500,000
Additional Information
Website
matalan.co.ukCompany Type
Private limited Company
Incorporated on
25 February 1987
Nature of Business (SIC)
47710 - Retail sale of clothing in specialised stores
Industries
Clothes
Region
North WestCompany Location
Financial Overview
£82,400,000
£6,600,000
Last Reporting Period
Filed
20 Sep 2023
Period
26 Feb 2023 - 26 Aug 2023
Payment Timing
Average Time to Pay
61 days
Payment Periods
Shortest
0 days
Longest
115 days
Max Contractual
115 days
Payment Timeline
Not Paid Within Terms
13%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 |
|---|---|---|---|---|---|---|
| 26 Feb 2023 - 26 Aug 2023 | 20 Sep 2023 | 61 | 27% | 27% | 46% | 13% |
| 26 Aug 2022 - 25 Feb 2023 | 28 Mar 2023 | 67 | 26% | 21% | 53% | 17% |
| 27 Feb 2022 - 26 Aug 2022 | 22 Nov 2022 | 66 | 25% | 19% | 56% | 14% |
| 31 Aug 2021 - 26 Feb 2022 | 22 Nov 2022 | 69 | 27% | 16% | 57% | 15% |
| 01 Sep 2019 - 29 Feb 2020 | 16 Jun 2020 | 60 | 22% | 3% | 75% | 10% |
| 24 Feb 2019 - 31 Aug 2019 | 10 Oct 2019 | 61 | 21% | 5% | 74% | 12% |
| 26 Aug 2018 - 23 Feb 2019 | 10 Oct 2019 | 62 | 19% | 7% | 74% | 13% |
| 25 Feb 2018 - 25 Aug 2018 | 13 Dec 2018 | 52 | 23% | 24% | 53% | 7% |
Company Summary
MATALAN RETAIL LTD
is a British-based retail company that offers clothing, homeware, and accessories for men, women, and children
The company was founded in 1985 and has since grown to have over 230 stores across the UK and an online presence
The sustainability program of MATALAN RETAIL LTD
focuses on reducing waste and promoting ethical sourcing
They have implemented various initiatives to achieve these goals, such as recycling hangers and packaging materials, using sustainable fabrics, and ensuring fair labor practices in their supply chain
In terms of products and services, MATALAN RETAIL LTD
offers a wide range of affordable and high-quality clothing and homeware items
They also have a loyalty program for their customers, providing them with exclusive discounts and offers
The key people behind MATALAN RETAIL LTD
include CEO Jason Hargreaves and Chairman John Hargreaves, who founded the company
They have a team of experienced retail professionals who are dedicated to providing customers with the best shopping experience
Contact information for MATALAN RETAIL LTD
can be found on their website, which is www.matalan.co.uk
Their registered office address is Matalan House, Perimeter Road, Knowsley Industrial Park, Liverpool, L33 7SZ
In conclusion, MATALAN RETAIL LTD
is a leading retail company in the UK that is committed to sustainability and providing customers with affordable and high-quality products
With its strong leadership and dedicated team, the company continues to grow and expand its reach in the retail industry
Company Review
Trend Analysis
The trend for MATALAN RETAIL LTD. shows a steady increase in the average time to pay invoices, from 52 days in Feb 2018 to 67 days in Feb 2023. This is accompanied by a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. This trend suggests a potential issue with late payments to suppliers.
Volatility Analysis
The volatility for MATALAN RETAIL LTD. is relatively stable, with the average time to pay fluctuating between 60 and 67 days over the course of the data. However, there is a notable increase in the percentage of invoices paid later than 60 days in Aug 2018 and Feb 2023, with a decrease in between those periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
E90 (end of month plus 90 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
115
Dispute Resolution Process
Suppliers have specific contacts within Matalan who will deal directly with any issues.
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.
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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?
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