HOME RETAIL GROUP CARD SERVICES LIMITED
Company Details
Registration Number
04007072
Registered Address
33 Holborn London England EC1N 2HT
Company Status
Active
Employee Count
349
Turnover
£153,405,000
EBITDA
£38,045,000
Additional Information
Website
www.habitat.co.uk/Company Type
Private limited Company
Incorporated on
2 June 2000
Nature of Business (SIC)
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Industries
Loans, debt and grants
Region
LondonCompany Location
Financial Overview
£12,949,000
£322,213,000
Last Reporting Period
Filed
02 Oct 2023
Period
01 Mar 2023 - 31 Aug 2023
Payment Timing
Average Time to Pay
31 days
Payment Periods
Shortest
4 days
Longest
75 days
Max Contractual
75 days
Payment Timeline
Not Paid Within Terms
3%
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 Mar 2023 - 31 Aug 2023 | 02 Oct 2023 | 31 | 59% | 36% | 5% | 3% |
| 01 Mar 2022 - 28 Feb 2023 | 03 Apr 2023 | 35 | 51% | 43% | 6% | 11% |
| 01 Mar 2022 - 31 Aug 2022 | 30 Sep 2022 | 37 | 49% | 44% | 7% | 18% |
| 01 Mar 2021 - 28 Feb 2022 | 07 Apr 2022 | 72 | 11% | 21% | 68% | 6% |
| 01 Mar 2021 - 28 Feb 2022 | 08 May 2022 | 40 | 60% | 28% | 12% | 13% |
| 01 Mar 2021 - 31 Aug 2021 | 01 Oct 2021 | 36 | 59% | 32% | 9% | 8% |
| 01 Mar 2020 - 28 Feb 2021 | 12 Apr 2021 | 54 | 22% | 34% | 44% | 18% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sep 2020 | 53 | 23% | 40% | 37% | 18% |
| 01 Sep 2019 - 29 Feb 2020 | 30 Mar 2020 | 65 | 19% | 51% | 31% | 19% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sep 2019 | 65 | 22% | 47% | 31% | 17% |
| 01 Sep 2018 - 28 Feb 2019 | 28 Mar 2019 | 58 | 19% | 49% | 32% | 15% |
| 01 Mar 2018 - 31 Aug 2018 | 25 Sep 2018 | 57 | 23% | 55% | 22% | 17% |
Company Summary
HOME RETAIL GROUP CARD SERVICES LIMITED is a UK-based company that provides financial and retail services to customers
It is a subsidiary of Home Retail Group, a leading home and general merchandise retailer in the UK
The company's main activities include managing and operating the Argos Card and the Homebase Card, which are store credit cards that offer customers various benefits such as discounts, rewards, and flexible payment options
Customers can also use these cards to make purchases at other retailers within the Home Retail Group
HOME RETAIL GROUP CARD SERVICES LIMITED is committed to sustainability and has implemented a sustainability program to reduce its environmental impact
This includes initiatives such as using sustainable materials for card production and promoting paperless statements to reduce paper waste
The company's key people include its managing director, Steve Jebson, and its finance director, Mark Lovell
They are supported by a team of experienced professionals who ensure the smooth operation of the company's services
Customers can contact HOME RETAIL GROUP CARD SERVICES LIMITED through their website, which also provides information on their products and services
The company's registered office address is at 489-499 Avebury Boulevard, Milton Keynes, MK9 2NW
In summary, HOME RETAIL GROUP CARD SERVICES LIMITED is a UK-based company that provides financial and retail services to customers
It offers store credit cards, has a sustainability program, and is led by a team of experienced professionals
Customers can contact them through their website or at their registered office address
Company Review
Trend Analysis
The data for HOME RETAIL GROUP CARD SERVICES LIMITED shows a fluctuating trend in their average time to pay invoices. From March 2018 to August 2021, there was a steady increase in the average time to pay, reaching a peak of 72 days in February 2022. However, in the following period, the average time to pay decreased significantly to 40 days, and continued to decrease to 31 days in August 2023.
Volatility Analysis
The data for HOME RETAIL GROUP CARD SERVICES LIMITED shows a high level of volatility in their average time to pay invoices. From March 2018 to August 2021, there were significant fluctuations in the average time to pay, with a difference of 15 days between the highest (72 days) and lowest (57 days) averages. However, in the following period, the volatility decreased, with a difference of only 9 days between the highest (72 days) and lowest (63 days) averages. The volatility continued to decrease in the last period, with a difference of only 6 days between the highest (35 days) and lowest (29 days) averages.
Summary Analysis
From the data, we can see that there has been a general trend of increasing average time to pay invoices for HOME RETAIL GROUP CARD SERVICES LIMITED. However, there was a significant decrease in the average time to pay from February 2022 to August 2023. This can be attributed to the improvement in the percentage of invoices paid within 30 days, which increased from 11% to 59% in the same period. The worst period for the company in terms of invoices paid later than 60 days was in the third period (September 2019 to February 2020), with a percentage of 31%. Additionally, the data shows that the company has a consistent standard payment period of 7 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 Days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
75
Dispute Resolution Process
Disputes are resolved by negotiation involving the relevant parties
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?
❌
