CARPETRIGHT LIMITED

Company Information

Company Number
02294875
Registered Address
Nestware House, Purfleet Bypass, Purfleet, Essex, England, RM19 1TT
Status
Active
Employee Count
2,785
Turnover
£372,600,000
EBITDA
£11,000,000

Additional Details

Company Type
Private limited Company
Incorporated On
12 September 1988
Nature of Business
41100 - Development of building projects
43390 - Other building completion and finishing
47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores
47599 - Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Industries
Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
Region
East of England

Time to Pay

Average Time to Pay
38 days
Shortest Period:0 days
Longest Period:75 days
Max Contractual:75 days

Payment Timeline

Within 30 Days
38%
31-60 Days
41%
After 60 Days
21%
Not Paid Within Terms50%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-02-13
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
28 Apr 2019 - 26 Oct 201913 Feb 20203838%41%21%50%
29 Apr 2018 - 27 Oct 201807 Mar 20193852%18%30%46%

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

'Carpetright Plc does not have standard payment terms but is cognisant of terms defined in individual contracts with suppliers, which may vary. Our standard policy is to initiate payments at the end of the month following the month of receipt of the invoice, unless otherwise dictated by the contract. The most common payment terms of invoices paid during the reporting period were 21 days net, 30 days EOM, 30 days Nett, 45 days Nett, and 60 days EOM.

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

75

Dispute Resolution Process

Information on dispute resolution can be found on our corporate web site www.carpetright.co.uk

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

CARPETRIGHT LIMITED is a leading retailer of carpets, flooring and related products, operating in the UK and Ireland. The company was founded in 1988 and is headquartered in Purfleet, Essex.

The company's sustainability program, called "Green Choice", focuses on reducing their environmental impact through various initiatives such as reducing waste, promoting sustainable sourcing and using renewable energy sources. They also offer a recycling service for old carpets and flooring.

CARPETRIGHT LIMITED offers a wide range of products including carpets, rugs, vinyl flooring, laminate flooring, and luxury vinyl tiles. They also provide fitting and installation services, as well as home consultation and measurement services.

The company is led by CEO Wilf Walsh, who has over 25 years of experience in the retail industry. Their Board of Directors includes a diverse mix of individuals with expertise in finance, property, and retail operations.

To get in touch with CARPETRIGHT LIMITED, customers can visit their website at www.carpetright.co.uk or contact their registered office at Purfleet Bypass, Purfleet, Essex RM19 1TT. They also have over 400 stores across the UK and Ireland, with store locators available on their website. Overall, CARPETRIGHT LIMITED is committed to providing quality products and services while also promoting sustainable practices in their operations.

Financial Metrics

Cash
£25,400,000
Net Worth
-£62,300,000
Total Current Assets
£82,600,000
Total Current Liabilities
£187,300,000

Company Location