MISSGUIDED LIMITED
Company Information
- Company Number
- 03235904
- Registered Address
- C/O Teneo Financial Advisory Limited The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Status
- In Administration
- Employee Count
- 400
- Turnover
- £201,957,000
- EBITDA
- £2,118,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 August 1996
- Nature of Business
- 47190 - Other retail sale in non-specialised stores47710 - Retail sale of clothing in specialised stores47721 - Retail sale of footwear in specialised stores47910 - Retail sale via mail order houses or via Internet
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
From March 2020 to March 2022, the average time taken for MISSGUIDED LIMITED to pay invoices has fluctuated. It started at 44 days, then increased to 64 days before dropping to 27 days in the latest period.
Volatility Analysis
There is a high level of volatility in MISSGUIDED LIMITED's payment practices. The average time to pay has fluctuated by 37 days over the three periods, with the largest change being a decrease of 37 days between the first and second periods.
Summary Analysis
In the latest period, MISSGUIDED LIMITED's average time to pay invoices was 27 days, a significant improvement from the previous period's 64 days. However, there is still room for improvement as 48% of invoices were paid later than 60 days, and 75% were not paid within agreed terms. The company showed the best performance in paying invoices within 30 days in the first period, with 41% of invoices being paid within this time frame.
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 |
|---|---|---|---|---|---|---|
| 27 Sept 2021 - 27 Mar 2022 | 30 Apr 2022 | 27 | 18% | 34% | 48% | 75% |
| 30 Sept 2020 - 28 Mar 2021 | 28 Apr 2021 | 64 | 23% | 28% | 49% | 78% |
| 30 Mar 2020 - 29 Sept 2020 | 29 Oct 2020 | 44 | 41% | 34% | 25% | 57% |
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
60 days from date of invoice for landed suppliers 75 days from Bills of laden for FOB suppliers
Were there any changes to the standard payment terms in the reporting period?
Yes – Landed suppliers have moved from 45 days from date of invoice to 60 days from date of invoice FOB suppliers have moved from 60 days from Bills of Laden to 75 days from Bills of Laden
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Missguided has a process in place for resolvingdisputes relating to payment. In the event of adispute, the Accounts Payable Team wouldnotify the supplier either verbally or in writing ofthe existence and nature of the dispute and seekto agree a credit note or alternative resolution sothat a payment can be made. Resolution timewould be expected to be within 7 to 14 daysdepending on the nature of the dispute sosupplier payment terms could still be met. TheAccounts Payable email isaccountspayable@missguided.com
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.
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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?
❌
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
Missguided Limited is a UK-based fashion retailer that offers a wide range of clothing and accessories for women. The company was founded in 2009 and has since become a popular brand among young adults.
One of the key activities of Missguided Limited is providing trendy and affordable fashion products for their customers. They have a wide range of clothing options, including dresses, tops, bottoms, outerwear, and shoes, catering to different styles and occasions. The company also offers a selection of accessories such as jewelry, bags, and beauty products.
In addition to their fashion products, Missguided Limited also has a strong sustainability program in place. They have committed to reducing their carbon footprint by using sustainable materials in their products, implementing ethical sourcing practices, and reducing waste in their supply chain. The company also supports various charities and organizations that promote sustainability and women empowerment.
The key people behind Missguided Limited include Nitin Passi, the founder and CEO, and Paul Masters, the CFO. They have a team of experienced designers, marketers, and buyers who work together to create and promote the brand's products.
For contact information, Missguided Limited can be reached through their website, missguided.co.uk. Their registered office address is located at 75 Trafford Wharf Road, Manchester, M17 1ES, United Kingdom.
In summary, Missguided Limited is a fashion retailer that offers trendy and affordable products for women while also prioritizing sustainability and ethical practices. With a dedicated team and a strong brand presence, the company continues to grow and provide fashionable and conscious choices for their customers.
