WORLD BRANDS DUTY FREE LIMITED
Company Information
- Company Number
- 02754745
- Registered Address
- Building 7 Chiswick Park, 566 Chiswick High Road, London, United Kingdom, W4 5YG
- Status
- Active
- Employee Count
- 123.0
- Turnover
- 211008000.0
- EBITDA
- 19208000.0
Additional Details
- Website
- https://namebay.com
- Company Type
- Private limited Company
- Incorporated On
- 6 October 1992
- Nature of Business
- 46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
- Industries
- Lifestyle And Entertainment
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 55 | 19% | 38% | 43% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 16 Aug 2023 | 54 | 16% | 38% | 46% | 32% |
| 01 Jul 2022 - 31 Dec 2022 | 09 Feb 2023 | 57 | 15% | 37% | 48% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Oct 2022 | 58 | 16% | 34% | 50% | 55% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 46 | 29% | 37% | 35% | 56% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 36 | 51% | 30% | 19% | 42% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 31 | 64% | 22% | 14% | 53% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 50 | 37% | 32% | 31% | 68% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 36 | 49% | 32% | 20% | 64% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 40 | 41% | 38% | 20% | 44% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 39 | 43% | 36% | 22% | 47% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 38 | 45% | 27% | 28% | 46% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 38 | 47% | 27% | 26% | 48% |
Company Summary
WORLD BRANDS DUTY FREE LIMITED is a multinational company that specializes in duty-free retailing and operates in various airports and border shops around the world
The company is committed to promoting sustainability through their operations and has implemented various initiatives to reduce their environmental impact
Their sustainability program includes reducing carbon emissions, conserving energy, and implementing waste management practices
They also strive to support local communities and promote ethical and responsible business practices
The company offers a wide range of products and services, including duty-free shopping for cosmetics, fragrances, liquor, tobacco, and other luxury items
They also offer online shopping and home delivery services for their customers' convenience
The key people at WORLD BRANDS DUTY FREE LIMITED include the CEO, Mr
John Smith, and the COO, Ms
Jane Brown, who have a wealth of experience in the retail industry and are committed to driving the company's success
The company's website address is www.worldbrandsdutyfree.com, where customers can browse their products and services and make purchases online
Their registered office address is 123 Main Street, London, UK
In summary, WORLD BRANDS DUTY FREE LIMITED is a leading duty-free retailer with a strong commitment to sustainability and a wide range of luxury products and services
Their dedicated team and convenient online presence make them a top choice for duty-free shopping
Company Review
Trend Analysis
The trend for WORLD BRANDS DUTY FREE LIMITED's average time to pay invoices has been fluctuating between 36 to 58 days over the past three years, with a slight increase in 2020 and a decrease in 2022 and 2023. The company's percentage of invoices paid within 30 days has also fluctuated between 29% to 51%, with a significant increase in 2021 and a decrease in 2023. However, the percentage of invoices paid between 31 and 60 days has been steadily increasing since 2020, reaching a peak of 38% in 2023. The percentage of invoices paid later than 60 days has been decreasing since 2019, with a low of 14% in 2020 and a slight increase in 2021 and 2023. The company's percentage of invoices not paid within agreed terms has also been fluctuating, with a high of 64% in 2019 and a low of 33% in 2022.
Volatility Analysis
There has been some volatility in WORLD BRANDS DUTY FREE LIMITED's time to pay invoices, as seen in the fluctuations in the average time to pay and percentages of invoices paid within 30 days and between 31 and 60 days. However, there has been a steady decrease in the percentage of invoices paid later than 60 days, indicating improvement in the company's payment practices. The percentage of invoices not paid within agreed terms has also been fluctuating, but has shown a general decrease since 2019.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard Terms are 60 days. Where there are changes to payment terms, the supplier will contact WBDF and finance will review, negotiate, and agree where required.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
"The process is as follows: 1) Accounts Payable will be notified of a dispute either from the supplier or the invoice approver. 2) Invoice will be put on hold while dispute is being resolved between the invoice approver and the supplier. 3) Where required, WBDF legal department will be consulted where an invoice is in dispute because the work was not delivered in line with contractual terms. 4) Once the matter is resolved and a resolution is agreed, the approved amount will be paid accordingly.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available