IKEA DISTRIBUTION SERVICES LIMITED
Company Information
- Company Number
- 03568682
- Registered Address
- 100 Avebury Boulevard, Milton Keynes, United Kingdom, MK9 1FH
- Status
- Active
- Employee Count
- 1,578
- Turnover
- £133,339,000
- EBITDA
- £13,411,000
Additional Details
- Website
- https://ikea.com
- Company Type
- Private limited Company
- Incorporated On
- 21 May 1998
- Nature of Business
- 46470 - Wholesale of furniture, carpets and lighting equipment46499 - Wholesale of household goods (other than musical instruments) not elsewhere classified
- Industries
- Supply Chain
- 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 Sept 2024 - 28 Feb 2025 | 28 Mar 2025 | 37 | 86% | 8% | 6% | 14% |
| 01 Sept 2023 - 29 Feb 2024 | 31 Mar 2024 | 37 | 60% | 30% | 10% | 41% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Sept 2023 | 27 | 91% | 7% | 2% | 10% |
| 01 Sept 2022 - 28 Feb 2023 | 28 Mar 2023 | 27 | 89% | 9% | 2% | 12% |
| 01 Mar 2022 - 31 Aug 2022 | 28 Sept 2022 | 30 | 79% | 18% | 3% | 22% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 30 | 85% | 11% | 4% | 15% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 33 | 62% | 34% | 4% | 39% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 31 | 82% | 15% | 3% | 18% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 29 | 79% | 18% | 2% | 21% |
| 01 Mar 2019 - 31 Aug 2019 | 02 Dec 2019 | 29 | 87% | 10% | 3% | 19% |
| 01 Sept 2018 - 28 Feb 2019 | 15 Mar 2019 | 29 | 87% | 8% | 5% | 14% |
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 term is 30 days from receipt of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
There are two options available to a supplier if they wished to raise a dispute: 1) Contact the IKEA Business Service Centre Team The IKEA supplier pack sent out to new suppliers includes a contact email address given for suppliers to use when they have any payment queries. This email address (accounts.payable.uk@ingka.ikea.com) is managed by the IKEA Business Service Centre team (BSC) in Bangalore, India. This IKEA Company is responsible for the administration of invoices through our electronic invoicing system, SAP VIM. They are also the first point of contact for supplier queries. Suppliers may contact the BSC with all queries, including disputes. The BSC have full visibility of the invoice status at all times and well placed to support the supplier in answering their query. This includes escalating the matter to the relevant person in the business as and when required in order for the dispute to be resolved. 2) Contact their nominated IKEA contact Suppliers may also contact their nominated IKEA contact person i.e. the individual managing the provision of good or services on the IKEA side to raise any disputes directly. IKEA’s standard purchasing template includes a section specifying the details of the individual to be contacted (referred to as a “contract manager”), and also includes a dispute resolution section for all disputes. This covers payment disputes. The sections sets time limits for resolving disputes in good faith before escalating to senior management representatives if necessary.
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
IKEA DISTRIBUTION SERVICES LIMITED is a subsidiary of IKEA, a multinational company known for its affordable and stylish furniture. The company is responsible for managing the distribution and logistics operations for IKEA products in the UK.
As part of their sustainability efforts, IKEA DISTRIBUTION SERVICES LIMITED has implemented various initiatives to reduce their environmental impact. This includes using renewable energy sources, such as solar panels and wind turbines, in their warehouses and transportation vehicles. They also have a goal to achieve zero waste to landfill by 2020.
The company offers a wide range of products, from furniture to home decor and accessories, all designed with functionality, affordability, and sustainability in mind. They have also introduced sustainable materials, such as bamboo and recycled plastic, in their products.
Key people in IKEA DISTRIBUTION SERVICES LIMITED include Managing Director, Javier Quiñones, and Sustainability Manager, Hege Sæbjørnsen. They work closely with the IKEA Group's sustainability strategy to ensure that the company's operations align with their vision of creating a better everyday life for people.
For any inquiries, IKEA DISTRIBUTION SERVICES LIMITED can be contacted through their website, www.ikea.com/gb/en, or at their registered office address: Witan Gate House, 500-600 Witan Gate West, Milton Keynes, Buckinghamshire, MK9 1SH.
