JOULES LIMITED
Company Information
- Company Number
- 02934327
- Employee Count
- 1,492
- Turnover
- £179,879,000
- EBITDA
- £17,423,000
Additional Details
- Website
- https://joules.com
- Industries
- Fashion
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for JOULES LIMITED to pay invoices has increased steadily over the past three periods, from 29 days in May 2017 to 63 days in November 2021. The percentage of invoices paid within 30 days has also decreased from 59% to 34%, while the percentage of invoices paid later than 60 days has increased from 10% to 36%.
Volatility Analysis
There has been some volatility in JOULES LIMITED's payment patterns, with fluctuations in the percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. However, the average time taken to pay invoices has consistently increased over the past three periods.
Summary Analysis
In the past three periods, there has been a significant increase in the average time taken for JOULES LIMITED to pay invoices, from 29 days to 63 days. This is accompanied by a decrease in the percentage of invoices paid within 30 days, from 59% to 34%. The worst period for late payments was in May 2019, where 25% of invoices were paid later than 60 days. However, there has been a slight improvement in the most recent period, with 36% of invoices paid later than 60 days compared to 46% in the previous 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 |
|---|---|---|---|---|---|---|
| 30 Nov 2021 - 29 May 2022 | 28 Jun 2022 | 63 | 34% | 30% | 36% | 54% |
| 31 May 2021 - 28 Nov 2021 | 24 Dec 2021 | 56 | 30% | 41% | 29% | 45% |
| 30 Nov 2020 - 30 May 2021 | 01 Jul 2021 | 59 | 44% | 11% | 45% | 37% |
| 01 Jun 2020 - 29 Nov 2020 | 22 Dec 2020 | 65 | 33% | 21% | 46% | 39% |
| 25 Nov 2019 - 31 May 2020 | 24 Jun 2020 | 54 | 29% | 47% | 24% | 51% |
| 27 May 2019 - 22 Nov 2019 | 23 Dec 2019 | 50 | 27% | 48% | 25% | 39% |
| 26 Nov 2018 - 26 May 2019 | 01 Jul 2019 | 46 | 33% | 53% | 14% | 45% |
| 28 May 2018 - 25 Nov 2018 | 21 Dec 2018 | 41 | 38% | 51% | 11% | 45% |
| 27 Nov 2017 - 27 May 2018 | 20 Jun 2018 | 30 | 65% | 27% | 8% | 40% |
| 29 May 2017 - 26 Nov 2017 | 20 Dec 2017 | 29 | 59% | 31% | 10% | 43% |
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
Joules Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoices paid in the period is net 7 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Joules Limited seeks to pay all suppliers within agreed payment terms and on time subject to receiving the invoice and accurate supporting information in a timely manner.
Maximum contractual payment period agreed
120
Dispute Resolution Process
Disputes are resolved by negotiation involving the relevant parties - accounts payable and credit control departments; buying and sales teams.
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
JOULES LIMITED is a British clothing and lifestyle brand that was founded in 1989 by Tom Joule. The company is renowned for its high-quality, stylish and sustainable clothing and accessories.
The sustainability program of JOULES LIMITED is a crucial aspect of the company's operations. They are committed to reducing their environmental impact and promoting ethical practices throughout their supply chain. This includes using sustainable materials, reducing waste, and sourcing from responsible suppliers.
The company offers a wide range of products, including clothing for men, women, and children, as well as accessories and homeware. Their products are designed with the British countryside and heritage in mind, and are known for their vibrant colours and unique prints.
Key people at JOULES LIMITED include Tom Joule, the founder and Chief Brand Officer, and Nick Jones, the CEO. They are both passionate about the brand's values and are dedicated to driving its success and growth.
Their website, www.joules.com, is a one-stop-shop for all their products and services. It offers an easy and convenient shopping experience for customers, with free UK delivery and returns. The website also provides information about the company's sustainability efforts and their commitment to social responsibility.
The registered office address of JOULES LIMITED is The Joules Building, 16 The Point, Rockingham Road, Market Harborough, Leicestershire, LE16 7QU, United Kingdom. Customers can also contact the company via email at joulesteam@joules.com or by phone at 0345 250 7160.
In conclusion, JOULES LIMITED is a well-established British brand that offers sustainable and stylish clothing and accessories. With a strong commitment to sustainability and a dedicated team of key people, the company continues to grow and thrive in the fashion industry.
