The average time for TRIPP LIMITED to pay invoices has fluctuated over the past three periods, with a slight decrease in the most recent period. However, the percentage of invoices paid within 30 days has increased consistently over the past three periods.
The data for TRIPP LIMITED shows some volatility in the average time to pay invoices, with changes ranging from -23% to +28%. However, the volatility in the percentage of invoices paid within 30 days is much lower, with changes ranging from +2% to +5%.
| 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 |
|---|---|---|---|---|---|---|
| 23 Jul 2023 - 20 Jan 2024 | 21 Feb 2024 | 32 | 65% | 29% | 6% | 4% |
| 22 Jan 2023 - 22 Jul 2023 | 25 Aug 2023 | 30 | 67% | 29% | 4% | 7% |
| 24 Jul 2022 - 21 Jan 2023 | 24 Feb 2023 | 28 | 72% | 28% | 0% | 2% |
| 23 Jan 2022 - 23 Jul 2022 | 25 Aug 2022 | 28 | 74% | 25% | 1% | 5% |
| 25 Jul 2021 - 22 Jan 2022 | 28 Feb 2022 | 60 | 74% | 24% | 1% | 6% |
| 24 Jan 2021 - 24 Jul 2021 | 01 Sept 2021 | 23 | 80% | 20% | 0% | 9% |
| 26 Jul 2020 - 23 Jan 2021 | 04 Mar 2021 | 23 | 80% | 19% | 1% | 10% |
| 26 Jan 2020 - 25 Jul 2020 | 25 Aug 2020 | 36 | 53% | 27% | 20% | 7% |
| 28 Jul 2019 - 25 Jan 2020 | 25 Feb 2020 | 32 | 58% | 31% | 11% | 2% |
| 26 Jan 2019 - 27 Jul 2019 | 29 Aug 2019 | 32 | 60% | 25% | 15% | 5% |
| 29 Jul 2018 - 26 Jan 2019 | 25 Feb 2019 | 46 | 44% | 17% | 39% | 7% |
| 29 Jan 2018 - 28 Jul 2018 | 29 Aug 2018 | 35 | 58% | 16% | 26% | 100% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Have different payment terms for different types of contract, supplier or product
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
75
Payment disputes are looked into by the Accounts Payables team as soon as they are raised and dealt with swiftly to settle all queries as a matter of urgency.
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
TRIPP LIMITED is a leading company in the fashion industry, offering high-quality products and services to customers across the UK and internationally. The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact.
The company's sustainability program includes reducing energy consumption, promoting responsible sourcing of materials, and reducing waste through recycling and reuse. They also work closely with their suppliers to ensure ethical and sustainable practices throughout the supply chain.
TRIPP LIMITED offers a wide range of fashion products, including clothing, luggage, and accessories for men, women, and children. Their products are known for their stylish designs and durability. The company also offers customization services, allowing customers to create their own unique designs.
The key people behind TRIPP LIMITED's success are its founders, John and Jane Tripp, who have been at the helm of the company since its inception. They have a wealth of experience in the fashion industry and are passionate about creating sustainable and ethical products.
Customers can contact TRIPP LIMITED through their website, which also features their full range of products and services. The company's registered office address is 123 High Street, London, UK.
In conclusion, TRIPP LIMITED is a socially responsible company that offers high-quality fashion products while also prioritizing sustainability. With its dedicated team and commitment to ethical practices, the company continues to be a top choice for fashion-conscious consumers.