VALUE RETAIL MANAGEMENT (BICESTER VILLAGE) LIMITED
Company Information
- Company Number
- 02884096
- Registered Address
- Management Suite, Bicester Village 50 Pingle Drive, Bicester, Oxfordshire, OX26 6WD
- Status
- Active
- Employee Count
- 176
- Turnover
- £96,347,000
- EBITDA
- £2,524,000
Additional Details
- Website
- https://bicestervillage.com
- Company Type
- Private limited Company
- Incorporated On
- 4 January 1994
- Nature of Business
- 68320 - Management of real estate on a fee or contract basis
- Industries
- Professional Services, Property, Infrastructure And Construction
- Region
- South East
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 2025 - 30 Jun 2025 | 22 Jul 2025 | 32 | 53% | 44% | 3% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 32 | 58% | 39% | 3% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 16 Jul 2024 | 27 | 64% | 35% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Jul 2023 | 26 | 66% | 33% | 1% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 28 | 62% | 36% | 2% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 37 | 55% | 37% | 8% | 12% |
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 information available
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 Management (Bicester Village) Limited 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 between requisitioners and suppliers.
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 Management (Bicester Village) Limited is a leading global luxury retail organization that operates Bicester Village, a designer outlet shopping destination in the UK. Bicester Village offers a unique shopping experience with over 160 luxury and designer brands at discounted prices.
The company is committed to sustainability and has implemented numerous initiatives to reduce its environmental impact. These include installing solar panels, using renewable energy sources, and implementing recycling and waste reduction programs. They also partner with local charities and organizations to support the community and promote sustainable practices.
Bicester Village offers a wide range of products from luxury fashion, accessories, and homeware to gourmet food and drinks. Their services include personal shopping, tax-free shopping for international visitors, and a VIP lounge for a luxurious shopping experience.
The key people behind Value Retail Management (Bicester Village) Limited include Chairman Scott Malkin and CEO Desirée Bollier, who have a wealth of experience in the luxury retail industry.
For more information on Bicester Village, customers can visit their website at www.bicestervillage.com. The registered office address is 50 Pingle Drive, Bicester, Oxfordshire, OX26 6WD, United Kingdom. With its commitment to sustainability and a wide range of luxury products and services, Bicester Village continues to be a top destination for shoppers in the UK and beyond.
