Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for SIGNET TRADING LIMITED to pay invoices has been increasing over the past three periods, with a significant jump from 39 days in 2019-08-04 to 53 days in 2020-02-02. However, there has been a slight decrease in the past two periods, with the average time to pay at 44 days in 2021-02-01 and 30 days in 2021-01-31.
The company's volatility in paying invoices has been relatively consistent in terms of the percentage of invoices paid within 30 days and between 31 and 60 days. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 2% in 2018-02-04 to 29% in 2020-02-02. This suggests a potential issue with the company's payment process.
In the past three periods, SIGNET TRADING LIMITED has seen an increase in the average time taken to pay invoices, with a noticeable jump in 2019-08-04. However, there has been a slight decrease in the past two periods.
| 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 |
|---|---|---|---|---|---|---|
| 03 Aug 2025 - 31 Jan 2026 | 02 Mar 2026 | 43 | 41% | 44% | 15% | 13% |
| 02 Feb 2025 - 02 Aug 2025 | 01 Sept 2025 | 47 | 31% | 57% | 12% | 8% |
| 04 Aug 2024 - 01 Feb 2025 | 19 Feb 2025 | 48 | 37% | 45% | 18% | 19% |
| 04 Feb 2024 - 03 Aug 2024 | 02 Sept 2024 | 52 | 21% | 65% | 14% | 23% |
| 01 Feb 2023 - 02 Feb 2024 | 12 Feb 2024 | 48 | 39% | 47% | 14% | 18% |
| 01 Feb 2023 - 31 Jul 2023 | 14 Aug 2023 | 49 | 30% | 56% | 14% | 21% |
| 01 Aug 2022 - 31 Jan 2023 | 07 Feb 2023 | 47 | 31% | 52% | 17% | 20% |
| 01 Feb 2022 - 31 Jul 2022 | 23 Aug 2022 | 51 | 26% | 62% | 12% | 22% |
| 31 Jan 2021 - 29 Jan 2022 | 14 Feb 2022 | 30 | 28% | 62% | 10% | 19% |
| 01 Feb 2021 - 31 Jul 2021 | 19 Aug 2021 | 44 | 28% | 62% | 10% | 21% |
| 02 Aug 2020 - 30 Jan 2021 | 23 Feb 2021 | 52 | 25% | 58% | 18% | 41% |
| 02 Feb 2020 - 01 Aug 2020 | 28 Aug 2020 | 53 | 31% | 40% | 29% | 48% |
| 04 Aug 2019 - 01 Feb 2020 | 27 Feb 2020 | 39 | 46% | 48% | 6% | 12% |
| 04 Feb 2019 - 03 Aug 2019 | 02 Sept 2019 | 33 | 58% | 40% | 2% | 7% |
| 04 Aug 2018 - 01 Feb 2019 | 01 Mar 2019 | 31 | 61% | 36% | 2% | 6% |
| 04 Feb 2018 - 03 Aug 2018 | 31 Aug 2018 | 31 | 61% | 37% | 2% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
There are two types of standard payment terms, one for contracts related to merchandise and the other for non-merchandise expenses. The former has standard terms of EOM+30 Days at 2.5% Discount. Effectively this means that payments are made 60 days from the invoice date. It is up to the supplier to negotiate outside of these payment terms. Other terms commonly used for merchandise contracts are as follows: Inv+30 Days at 2.5% discount (payments made 30 days from the invoice date); Inv+90 Days at 1% discount (payments made 90 days from invoice date); Inv+7 days at 3.5% discount (payment made 7 days from invoice date). For non-merchandise expenses, the standard payment terms are 30 days from the date of the invoice. Generally, this varies only for electricity and telephone contracts which are often due immediately upon receipt and water bills which must be paid within 14 days.
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
120
Before payment, invoices must be approved by a member of the department that placed the order. Generally, there are designated people from each department who place orders; suppliers are provided with the contact details for these representatives. If the department has a query with the invoice they flag this with the supplier for clarification or amendments. If a supplier would like to discuss a payment dispute, they must contact the relevant department directly. Failing action from the relevant department, the accounts team are available via telephone and email to resolve any outstanding disputes
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
Signet Trading Limited is a private limited company registered in Birmingham, incorporated in 1999. It was originally named Signet UK Jewellery Limited before briefly trading as Signet UK Trading Limited, then adopting its current name. Its registered business activity is classified as other business support services, though associated industry tags point to jewellery and online retailing. This suggests the company operates as part of a wider group engaged in jewellery trading, likely providing internal trading or support functions rather than direct retail operations itself. No further detail on day-to-day trading activity is available from the records held.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk