Industry ranking
| 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 Aug 2022 - 31 Jan 2023 | 06 Feb 2023 | 56 | 29% | 34% | 37% | 41% |
| 01 Feb 2022 - 31 Jul 2022 | 19 Aug 2022 | 49 | 38% | 36% | 26% | 27% |
| 01 Aug 2021 - 31 Jan 2022 | 28 Feb 2022 | 52 | 37% | 37% | 26% | 22% |
| 01 Feb 2021 - 31 Jul 2021 | 26 Aug 2021 | 55 | 33% | 35% | 31% | 25% |
| 01 Aug 2020 - 31 Jan 2021 | 26 Feb 2021 | 55 | 33% | 36% | 32% | 36% |
| 01 Feb 2020 - 31 Jul 2020 | 21 Aug 2020 | 58 | 28% | 32% | 40% | 45% |
| 01 Aug 2019 - 31 Jan 2020 | 25 Feb 2020 | 49 | 33% | 40% | 27% | 55% |
| 01 Feb 2019 - 31 Jul 2019 | 22 Aug 2019 | 36 | 51% | 37% | 12% | 35% |
| 01 Aug 2018 - 31 Jan 2019 | 01 Mar 2019 | 38 | 51% | 37% | 12% | 35% |
| 01 Feb 2018 - 31 Jul 2018 | 30 Aug 2018 | 29 | 61% | 26% | 13% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
No Ordinary Designer Label’s frequent payment terms for goods not for resale are 60 days from invoice date. No Ordinary Designer Label’s frequent payment terms for goods for resale are 60 days from invoice date. No Ordinary Designer Label settles payments weekly.
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
90
Suppliers can contact No Ordinary Designer Label’s Accounts Payable team via payment.queries@tedbaker.com with an SLA for response of 72 hours. In order to resolve a dispute, the supplier is required to provide any missing information or a corrected invoice.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
NO ORDINARY DESIGNER LABEL LIMITED is an active private limited company, incorporated on 8 June 1990, based in the West Midlands region. Registered business activity: Wholesale of clothing and footwear; Retail sale of clothing in specialised stores; Retail sale of footwear in specialised stores.
From Companies House records.