WALLIS RETAIL LIMITED
Company Information
- Company Number
- 04250825
- Registered Address
- C/O Teneo Financial Advisory Limited The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Status
- Liquidation
- Employee Count
- 1,401
- Turnover
- £129,695,000
- EBITDA
- £4,716,000
Additional Details
- Website
- https://wallis.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 12 July 2001
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
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 |
|---|---|---|---|---|---|---|
| 03 Mar 2019 - 31 Aug 2019 | 04 Oct 2019 | 23 | 16% | 78% | 6% | 8% |
| 02 Sept 2018 - 02 Mar 2019 | 01 Apr 2019 | 60 | 21% | 63% | 16% | 31% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Goods not for resale – Invoices are paid weekly, on 60 days payment terms Goods for resale – Invoices are paid twice weekly, on 90 days payment terms Settlement discount applied to all goods for resale invoices as below – Direct Imports suppliers – 4% Landed suppliers – 18.25%
Were there any changes to the standard payment terms in the reporting period?
Payment terms were amended, in consultation with our suppliers, in response to the COVID-19 pandemic and its impact on trading. Terms were increased by 30 days.
Any other information about payment terms
Payment terms were amended, in consultation with our suppliers, in response to the COVID-19 pandemic and its impact on trading. In addition payment processes were amended and payment runs made less frequently as a proportion of staff were furloughed. Adjusting for these two factors the % of payments made while overdue would have been 30%.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Queries from the Company’s suppliers are directed through a central Supplier Liaison team within Accounts Payable. The following service level agreements are in place to ensure we respond to our suppliers within an acceptable time frame: (a) Urgent queries – 24 hours from receipt of query; and (b) Non-urgent queries – 48 hours from receipt of query. The initial contact points for suppliers are as follows: (a) Goods for resale – tradeinvoices@arcadiagroup.co.uk (b) Goods not for resale – general.expense.queries@arcadiagroup.co.uk
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
WALLIS RETAIL LIMITED is a British clothing retailer that specializes in women's fashion. The company was founded in 1923 and has since grown to become a popular destination for stylish and affordable clothing. Their registered office address is located at Colegrave House, 70 Berners Street, London, W1T 3NL.
The company offers a wide range of products including dresses, tops, bottoms, outerwear, and accessories. They also have a dedicated petite collection for shorter women. In addition to their own brand, WALLIS also carries other well-known brands such as Dorothy Perkins, Oasis, and Warehouse.
One of WALLIS RETAIL LIMITED's key initiatives is their sustainability program. The company is committed to reducing their environmental impact and promoting ethical and responsible practices throughout their supply chain. They have implemented various measures such as using sustainable materials, reducing waste, and promoting fair labor practices.
The company's sustainability efforts have been recognized by various organizations, including being awarded the 'Good' rating from the Ethical Company Organisation. They also have a dedicated section on their website where they share updates on their sustainability journey and offer tips for customers on how to shop more sustainably.
The key people at WALLIS RETAIL LIMITED include Managing Director, Lisa Illingworth, and Chief Operating Officer, Rob Hardy. They can be contacted through the company's website or by phone at 0344 984 0266.
In summary, WALLIS RETAIL LIMITED is a popular British clothing retailer with a focus on women's fashion. They offer a wide range of products, including a dedicated petite collection. The company is also committed to sustainability and has implemented various measures to reduce their environmental impact. Their key people can be contacted through the company's website or by phone.
