| 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 |
|---|---|---|---|---|---|---|
| 01 Apr 2019 - 30 Sept 2019 | 20 Nov 2019 | 59 | 29% | 32% | 39% | 50% |
| 01 Oct 2018 - 31 Mar 2019 | 08 Apr 2019 | 53 | 33% | 34% | 33% | 43% |
| 01 Apr 2018 - 30 Sept 2018 | 10 Dec 2018 | 51 | 37% | 32% | 31% | 37% |
| 01 Oct 2017 - 31 Mar 2018 | 25 Apr 2018 | 53 | 29% | 35% | 36% | 51% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90 days Direct materials 60 days Indirect materials and services With the exception of utilities, insurance, transportation, rent and leases, third party labour and capital spend which are negotiated with each vendor.
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
120
The supplier should make contact with their accounts payable contact to notify a dispute or complaint, the accounts payable department will then liaise with the relevant department to resolve the issue.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Spectrum Brands (UK) Limited is a UK subsidiary within the Spectrum Brands Holdings group, registered with SIC codes covering wholesale of household goods and head office activities. The wider group develops and sells home essentials products under brands including Russell Hobbs, Remington, Tetra, GloFish, FURminator, DreamBone, Cutter and Spectracide, covering areas such as small kitchen appliances, personal care, pet care and pest and weed control. The UK entity's registered office is in Failsworth, Manchester, and it forms part of the group's structure supporting distribution and administrative functions for these consumer product brands in the UK market.
Generated from the company's website and Companies House records. Sources: spectrumbrands.com