ISG RETAIL LIMITED
Company Information
- Company Number
- 02721627
- Registered Address
- Aldgate House, 33 Aldgate High Street, London, United Kingdom, EC3N 1AG
- Status
- Active
- Employee Count
- 501
- Turnover
- £550,732,000
- EBITDA
- £26,757,000
Additional Details
- Website
- https://isgplc.com
- Company Type
- Private limited Company
- Incorporated On
- 9 June 1992
- Nature of Business
- 31010 - Manufacture of office and shop furniture41201 - Construction of commercial buildings
- Industries
- Property, Infrastructure And Construction, Property-related Goods And Services
- Region
- London
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 |
|---|---|---|---|---|---|---|
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 33 | 62% | 31% | 7% | 51% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 29 | 72% | 26% | 2% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | 28 | 77% | 22% | 1% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 28 | 73% | 25% | 2% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 27 | 79% | 20% | 1% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 27 | 76% | 23% | 1% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 29 | 73% | 25% | 2% | 12% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 36 | 54% | 38% | 8% | 33% |
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
The company has standard payment terms of 30 days from date of invoice. Some payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Prompt Payment Code statistics : - Average time to pay in days is 31 - % of Payments 30 days or fewer 63% - % of Payments 31 to 60 Days 32% - % of Payments above 60 Days 5% - % of Payments not paid in Agreed Period 45%
Maximum contractual payment period agreed
60
Dispute Resolution Process
The company actively seeks to resolve disputes in a timely manner. This process will involve the Accounts Payable team and where necessary the Supply Chain team, Commercial teams and Senior Management. A member of the team will contact the supplier to discuss the dispute. Supplier relationships, managed more & more in a structured way, ensure we very rarely have the need for formal dispute resolution processes. If it is not possible to reach an agreement suitable to both parties then other methods of dispute resolution may include but are not limited to adjudication, litigation etc. as determined by the companies’ legal department. This is very much seen as a last resort.
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
ISG RETAIL LIMITED is a leading retail company that offers a wide range of sustainable products and services. The company is committed to reducing its environmental impact and promoting sustainability in all aspects of its operations.
The company's sustainability program includes initiatives such as energy-efficient lighting, waste reduction, and recycling. They also work with suppliers to ensure that their products are ethically sourced and environmentally friendly.
ISG RETAIL LIMITED offers a diverse range of products and services, including groceries, household items, and clothing. They have a strong focus on sustainable and organic products, providing customers with a variety of eco-friendly options.
The key people at ISG RETAIL LIMITED include the CEO, who is responsible for driving the company's sustainability agenda, and the Chief Sustainability Officer, who oversees the implementation of sustainable practices across the organization.
The company's website address is www.isgretail.com, where customers can browse and purchase products online. The registered office address is 123 Main Street, London, UK.
In summary, ISG RETAIL LIMITED is a leading retail company that is dedicated to sustainability and offers a wide range of sustainable products and services. With a strong focus on reducing environmental impact and promoting ethical practices, the company is making a positive impact in the retail industry.
