VALUE RETAIL PLC
Company Information
- Company Number
- 02782532
- Registered Address
- 19 Berkeley Street, London, W1J 8ED
- Status
- Active
- Employee Count
- 1,160
- Turnover
- £364,227,000
- EBITDA
- £21,825,000
Additional Details
- Website
- https://www.valueretail.com/
- Company Type
- Public limited Company
- Incorporated On
- 22 January 1993
- Nature of Business
- 68320 - Management of real estate on a fee or contract basis
- Industries
- Fashion
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for VALUE RETAIL PLC shows a significant improvement in their payment process over the past three periods. In the first period of 2020, the average time to pay was 32 days, with only 50% of invoices paid within 30 days and 17% paid later than 60 days. However, by the end of 2023, the average time to pay had decreased to 23 days, with 76% of invoices being paid within 30 days and 0% paid later than 60 days. This shows a clear trend of the company paying their invoices earlier and more efficiently.
Volatility Analysis
The data for VALUE RETAIL PLC also shows a decrease in volatility over the past three periods. In the first period of 2020, there was a high percentage of invoices paid later than 60 days (17%), indicating a lack of consistency in the payment process. However, by the end of 2023, this percentage had decreased to 0%, showing a more stable and reliable payment process.
Summary Analysis
Overall, the data for VALUE RETAIL PLC shows a significant improvement in their payment process. The average time to pay has decreased from 32 days to 23 days, and the percentage of invoices paid within 30 days has increased from 50% to 76%. There has also been a decrease in the percentage of invoices paid later than 60 days, from 17% to 0%. This improvement can be attributed to the company's efforts in paying their invoices earlier and more efficiently.
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 | 30 Jan 2024 | 23 | 76% | 24% | 0% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Jul 2023 | 24 | 50% | 50% | 0% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 17 | 75% | 25% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 24 | 60% | 40% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 29 | 63% | 34% | 3% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 54 | 48% | 30% | 22% | 44% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 74 | 43% | 25% | 32% | 50% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 32 | 50% | 33% | 17% | 28% |
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
Standard payment terms are principally, 30 days end of month. However, some suppliers are on other terms ranging from immediate payment to 60 days after the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Average payment days are calculated as the average of the difference between Payment date and the later of the Invoice Creation Date and the Invoice Date.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Value Retail PLC operates a no PO no Pay policy. If any invoice is submitted without a valid PO then the Accounts Payable team return the invoice to the supplier. Queries can also be dealt with directly.
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
VALUE RETAIL PLC is a global company that specializes in luxury outlet shopping. Founded in 1992, the company operates nine outlet villages in Europe and China, including Bicester Village in the UK and La Vallée Village in France.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include using renewable energy sources, reducing waste and promoting sustainable transportation for employees and visitors.
VALUE RETAIL PLC offers a wide range of luxury products from over 1,300 fashion and lifestyle brands, including designer apparel, accessories, and homeware. The company also provides VIP services, such as personal shopping and concierge services, to enhance the shopping experience for their customers.
The key people at VALUE RETAIL PLC include CEO Desiree Bollier and Chairman Scott Malkin. They are supported by a team of experienced professionals who are dedicated to providing the highest level of service to their customers.
The company can be contacted through their website, which also provides information on their outlet locations, brands, and services. The registered office address for VALUE RETAIL PLC is 19 Berkeley Street, London, W1J 8ED, United Kingdom.
In summary, VALUE RETAIL PLC is a luxury outlet shopping company with a focus on sustainability. They offer a wide range of high-end products and services, and their commitment to providing a unique and environmentally conscious shopping experience sets them apart in the retail industry.
