WIGGLE LIMITED
Company Information
- Company Number
- 02667809
- Registered Address
- 2nd Floor 110 Cannon Street, London, EC4N 6EU
- Status
- In Administration
- Employee Count
- 2
- Turnover
- £247,167,000
- EBITDA
- -£8,949,000
Additional Details
- Website
- https://www.wiggle.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 3 December 1991
- Nature of Business
- 47640 - Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for WIGGLE LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in the most recent period (2023-04-01 to 2023-09-30). The percentage of invoices paid within 30 days has also varied, with a significant decrease in the last period compared to the previous two. There has been an increase in the percentage of invoices paid between 31 and 60 days, as well as those paid later than 60 days. The percentage of invoices not paid within agreed terms has also increased in the most recent period.
Volatility Analysis
The volatility in WIGGLE LIMITED's payment practices can be seen in the fluctuations of the average time to pay and the percentage of invoices paid within 30 days. However, the percentage of invoices paid between 31 and 60 days and later than 60 days has remained relatively stable. The percentage of invoices not paid within agreed terms has also seen some volatility, with an increase in the most recent period.
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 |
|---|---|---|---|---|---|---|
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 44 | 30% | 39% | 31% | 69% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 48 | 26% | 40% | 33% | 68% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 41 | 37% | 39% | 24% | 52% |
| 01 Oct 2021 - 31 Mar 2022 | 03 May 2022 | 40 | 42% | 37% | 21% | 45% |
| 01 Apr 2021 - 26 Sept 2021 | 14 Dec 2021 | 40 | 42% | 36% | 22% | 46% |
| 01 Jan 2021 - 30 Jun 2021 | 06 Jul 2021 | 40 | 41% | 37% | 22% | 45% |
| 01 Jul 2020 - 31 Dec 2020 | 14 Jan 2021 | 41 | 42% | 36% | 22% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 40 | 36% | 43% | 21% | 51% |
| 01 Jul 2019 - 29 Dec 2019 | 29 Jan 2020 | 44 | 34% | 40% | 26% | 54% |
| 31 Dec 2018 - 30 Jun 2019 | 23 Jul 2019 | 45 | 34% | 39% | 27% | 57% |
| 01 Jul 2018 - 30 Dec 2018 | 07 Feb 2019 | 42 | 38% | 38% | 24% | 55% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 58 | 30% | 37% | 33% | 58% |
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
Terms are dependent on the supplier
Were there any changes to the standard payment terms in the reporting period?
Yes – Yes – Various temporary changes to specific suppliers' payment terms which were communicated with each individual supplier and agreed before enforced.
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
Dealt with on a case by case basis depending on dispute. Work with supplier to resolve in first instance.
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
WIGGLE LIMITED is a UK-based company that specializes in the retail of cycling, running, and outdoor equipment. Founded in 1999, the company has grown to become one of the leading online retailers in the UK, with a wide range of products and a strong focus on sustainability.
The company's sustainability program is centered around reducing their environmental impact through various initiatives. These include using eco-friendly packaging materials, implementing energy-efficient practices in their warehouses and offices, and partnering with sustainable brands. WIGGLE also encourages its customers to participate in recycling and offers a bike repair and recycling service.
WIGGLE offers a diverse range of products, including bicycles, clothing, footwear, and accessories for cycling, running, and outdoor activities. They also provide expert advice and guidance to help customers choose the right equipment for their needs.
The key people at WIGGLE LIMITED include CEO Will Kernan, CFO Charmaine Chong, and Chief Commercial Officer Toby Radcliffe. Their registered office address is at 1000 Lakeside, Suite 310, Third Floor North, Portsmouth, Hampshire, PO6 3EN. Customers can contact the company through their website, www.wiggle.co.uk, or by phone at 0330 016 5113.
In summary, WIGGLE LIMITED is a reputable UK retailer that offers a wide range of sustainable products for cycling, running, and outdoor enthusiasts. With a strong commitment to reducing their environmental impact and a team of experienced leaders, WIGGLE continues to thrive as a leader in the sports retail industry.
