COSTCO WHOLESALE UK LIMITED
Company Information
- Company Number
- 02635489
- Registered Address
- 213 Hartspring Lane, Uk Home Office, Watford, Hertfordshire, WD25 8JS
- Status
- Active
- Employee Count
- 7,888
- Turnover
- £3,963,062,000
- EBITDA
- £126,768,000
Additional Details
- Website
- https://pmwholesales.com/
- Company Type
- Private limited Company
- Incorporated On
- 6 August 1991
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- Creative,Media And Publishing,Information Technology,Telecommunications And Data,Lifestyle And Entertainment,Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 31 Aug 2025 | 20 Oct 2025 | 35 | 42% | 56% | 2% | 4% |
| 02 Sept 2024 - 25 Feb 2025 | 11 Apr 2025 | 33 | 48% | 50% | 2% | 6% |
| 03 Sept 2023 - 18 Feb 2024 | 28 Mar 2024 | 32 | 47% | 52% | 1% | 4% |
| 02 Mar 2023 - 02 Sept 2023 | 05 Oct 2023 | 35 | 50% | 48% | 1% | 3% |
| 30 Aug 2022 - 01 Mar 2023 | 24 Mar 2023 | 35 | 42% | 57% | 1% | 4% |
| 02 Mar 2022 - 29 Aug 2022 | 30 Sept 2022 | 34 | 44% | 54% | 2% | 5% |
| 30 Aug 2021 - 02 Mar 2022 | 25 Mar 2022 | 34 | 43% | 55% | 2% | 3% |
| 02 Mar 2021 - 29 Aug 2021 | 29 Sept 2021 | 34 | 44% | 55% | 1% | 3% |
| 31 Aug 2020 - 01 Mar 2021 | 26 Mar 2021 | 34 | 43% | 55% | 2% | 5% |
| 03 Mar 2020 - 30 Aug 2020 | 28 Sept 2020 | 32 | 48% | 50% | 1% | 4% |
| 03 Sept 2018 - 02 Mar 2019 | 22 Mar 2019 | 31 | 49% | 49% | 2% | 6% |
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
Costco Wholesale UK Limited negotiates payment terms individually with suppliers. Terms can be either a set number of days from receipt of goods or date of invoice, or end of month plus a set number of days after receipt of goods or date of invoice. Typical payment terms are net 30 days or end of month plus 30 days. The business does not pay for merchandise before receipt of goods. Services are not normally paid for until the work has been performed, although where a service is to be provided over a period of time staged payments may be made. Where payments are due on a weekend or a public holiday funds are sent to arrive in a supplier’s bank account on the next working day. Any payments due on a weekend or a public holiday that were settled on the next working day have been treated as on time payments for the purposes of this report. If a supplier owes Costco Wholesale UK Limited more than Costco Wholesale UK Limited owes to that supplier then we offset the two amounts and do not settle outstanding invoices. This is part of our vendor agreement and is normal business practice to protect the amounts that we are owed. Where we fully offset a supplier’s invoice against an amount owed to Costco Wholesale UK Limited by that supplier we treat the invoice as being settled.
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
Dispute Resolution Process
Costco Wholesale UK Ltd pays for the actual goods received at the price agreed on the purchase order. If there is a discrepancy in the quantity received or the price stated on a supplier’s invoice then Costco will only dispute the difference and not the entire invoiced amount. In this situation Costco will pay for the goods received and the supplier can either raise a credit note or submit a claim for the difference. Payment processing is dealt with by the Expense Accounts Payable and Merchandise Accounts Payable teams. Any supplier payment queries that may arise are dealt with by the appropriate Accounts Payable team. In the event that the Accounts Payable team are unable to resolve the matter then any queries should be discussed between the supplier and the area of the business that ordered the services or goods in question.
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.
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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
Company Summary
COSTCO WHOLESALE UK LIMITED is a wholesale membership warehouse club that offers a wide range of products and services to its customers. The company was founded in 1983 and has since become one of the leading retailers in the UK.
The company's sustainability program is one of its key focuses, with a commitment to reducing its environmental impact and promoting ethical and responsible business practices. This includes efforts to reduce waste, conserve energy, and source products from sustainable and ethical suppliers.
COSTCO WHOLESALE UK LIMITED offers a variety of products, including groceries, electronics, household items, and clothing, all at discounted prices. They also offer services such as travel, optical, and pharmacy services to their members.
The key people at COSTCO WHOLESALE UK LIMITED include CEO John McKay and President Richard Galanti, who have been instrumental in the company's growth and success. The company also has a team of experienced and dedicated employees who work towards providing the best products and services to their customers.
For further information, customers can visit the company's website at www.costco.co.uk or contact their registered office at Hartspring Lane, Watford, Hertfordshire, WD25 8JS. Overall, COSTCO WHOLESALE UK LIMITED is a reputable and sustainable company that offers a wide range of quality products and services at competitive prices.
