Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 99.8/100 qualifies for PaymentCheck Certification
The average time for GAP (UK HOLDINGS) LIMITED to pay invoices has gradually decreased over the past three periods, from 21 days in 2019-02-03 to 8 days in 2023-01-29.
The volatility in the percentage of invoices paid within 30 days has remained relatively consistent over the past three periods, with a slight decrease from 95% in 2019-02-03 to 93% in 2021-08-01. However, there has been a significant improvement in the percentage of invoices paid between 31 and 60 days, from 5% in 2019-02-03 to 1% in 2022-08-31.
From the data, it is evident that GAP (UK HOLDINGS) LIMITED has consistently improved their payment practices over the past three periods, with a gradual decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days.
| 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 |
|---|---|---|---|---|---|---|
| 04 Aug 2024 - 01 Feb 2025 | 21 Feb 2025 | 4 | 100% | 0% | 0% | 1% |
| 04 Feb 2024 - 03 Aug 2024 | 21 Aug 2024 | 13 | 75% | 25% | 0% | 0% |
| 30 Jul 2023 - 03 Feb 2024 | 23 Feb 2024 | 34 | 0% | 100% | 0% | 0% |
| 29 Jan 2023 - 29 Jul 2023 | 30 Aug 2023 | 8 | 100% | 0% | 0% | 0% |
| 31 Aug 2022 - 28 Jan 2023 | 16 Feb 2023 | 6 | 99% | 1% | 0% | 0% |
| 30 Jan 2022 - 30 Jul 2022 | 03 Aug 2022 | 7 | 98% | 1% | 1% | 2% |
| 01 Aug 2021 - 29 Jan 2022 | 08 Feb 2022 | 15 | 93% | 7% | 0% | 1% |
| 31 Jan 2021 - 31 Jul 2021 | 24 Aug 2021 | 14 | 100% | 0% | 0% | 0% |
| 02 Aug 2020 - 30 Jan 2021 | 25 Feb 2021 | 15 | 100% | 0% | 0% | 0% |
| 02 Feb 2020 - 01 Aug 2020 | 13 Aug 2020 | 18 | 100% | 0% | 0% | 0% |
| 04 Aug 2019 - 01 Feb 2020 | 14 Feb 2020 | 19 | 100% | 0% | 0% | 0% |
| 03 Feb 2019 - 03 Aug 2019 | 29 Aug 2019 | 21 | 95% | 5% | 0% | 2% |
| 05 Aug 2018 - 02 Feb 2019 | 26 Feb 2019 | 20 | 96% | 4% | 0% | 1% |
| 04 Feb 2018 - 04 Aug 2018 | 29 Aug 2018 | 19 | 94% | 5% | 1% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Month end plus 28 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
58
Disputes are handled on a case-by-case basis. The company first seeks to resolve disputes informally. If informal resolution cannot be achieved the parties will follow the dispute resolution process as detailed in the supplier’s contract.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
GAP (UK Holdings) Limited is registered as a head office entity, with its listed activity being head office administration for the Gap group's UK operations. It is a holding company within the wider Gap group, which trades in the UK as Gap, selling women's, men's, kids' and baby clothing through around seven standalone stores, over 45 concessions within Next, and its online store. The group offers home delivery and free click and collect through Next stores, and promotes seasonal collections such as denim ranges and designer collaborations. The registered entity itself functions as part of this group's UK corporate structure rather than as the direct retail trading operation.
Generated from the company's website and Companies House records. Sources: gap.co.uk