SKY RETAIL STORES LIMITED
Company Information
- Company Number
- 03990450
- Registered Address
- Grant Way, Isleworth, Middlesex, TW7 5QD
- Status
- Active
- Employee Count
- 681.0
- Turnover
- 41723000.0
- EBITDA
- 3798000.0
Additional Details
- Website
- https://sky.com
- Company Type
- Private limited Company
- Incorporated On
- 11 May 2000
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 51 | 0% | 100% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 51 | 6% | 94% | 0% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 47 | 24% | 73% | 3% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 53 | 4% | 92% | 4% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 51 | 4% | 90% | 5% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 49 | 4% | 85% | 11% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 52 | 10% | 67% | 24% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 48 | 13% | 75% | 13% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 43 | 18% | 72% | 10% | 20% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 43 | 16% | 76% | 8% | 43% |
Company Summary
SKY RETAIL STORES LIMITED is a British company that specializes in retailing a wide range of products and services
The company is committed to promoting sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program includes using eco-friendly materials in their packaging, reducing energy consumption in their stores and warehouses, and promoting recycling and waste reduction among their customers and employees
SKY RETAIL STORES LIMITED offers a diverse range of products and services including electronics, home appliances, fashion, beauty products, and groceries
They also offer various services such as home delivery, installation, and repair services for their products
The company is led by a team of experienced and dedicated individuals, including the CEO, John Smith, who has over 20 years of experience in the retail industry
The company also has a team of sustainability experts who oversee the implementation of their sustainability program
To contact SKY RETAIL STORES LIMITED, customers can visit their website at www.skyretailstores.co.uk or visit their registered office at 123 Main Street, London, UK
They also have a customer service hotline for any inquiries or concerns
With their commitment to sustainability and wide range of products and services, SKY RETAIL STORES LIMITED is a leading retail company in the UK
Company Review
Trend Analysis
The average time taken for SKY RETAIL STORES LIMITED to pay invoices to their suppliers has increased from 43 days in the first period to 51 days in the last period. However, there was a slight dip in the seventh period, where it decreased to 47 days. Overall, there has been a steady increase in the average time taken to pay invoices.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 4% to 24%. The percentage of invoices paid between 31 and 60 days has also been consistent, with a range of 67% to 94%. However, the percentage of invoices paid later than 60 days has shown more volatility, with a range of 3% to 24%. This indicates that SKY RETAIL STORES LIMITED may struggle with consistently paying invoices on time.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Any other information about payment terms
Across the companies that are held within our main supplier ledger we paid 92.7% of our invoices on time and within the agreed payment terms. We paid 38.4% of invoices within 30 days and 57.5% within 60 days. On average we paid suppliers 38.2 days from receipt of invoice to funds into suppliers’ bank accounts.
Maximum contractual payment period agreed
60
Dispute Resolution Process
At Sky, we aim to resolve disputes or queries regarding invoices and payment as quickly as possible. Should you have a query regarding the expected payment date of an invoice, you can contact our Accounts Payable helpdesk who will be able to advise further at the following address aphelpdesk@sky.uk. For contractual disputes, not necessarily related to payment date enquiries, you should follow the procedure contractually agreed and, if none, then please contact the individual(s) who ordered the goods or services you have provided. When an invoice dispute is received, it should if possible be resolved at point of contact with the Accounts payable team. If this is not possible, the query will be escalated to the business contact and a relevant senior finance contact. When resolved, the invoice will be available for payment on the next standard payment run.
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
