SKY RETAIL STORES LIMITED

Standard payment terms

Our standard terms are between 30 and 60 days from the receipt of a valid invoice. On receipt of a valid invoice these invoices are included in a weekly payment run as they fall due.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Across the companies that are held within our main supplier ledger we paid 91.3% of our invoices on time and within the agreed payment terms. We paid 41.8% of invoices within 30 days and 53.9% within 60 days. On average we paid suppliers 39 days from receipt of invoice to funds into suppliers’ bank accounts.

Maximum contractual payment period agreed

60

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