BURBERRY ITALY RETAIL LIMITED
Company Information
- Company Number
- 04362786
- Registered Address
- Horseferry House, Horseferry Road, London, SW1P 2AW
- Status
- Converted / Closed
- Employee Count
- 422
- Turnover
- £99,080,000
- EBITDA
- £5,170,000
Additional Details
- Website
- https://burberry.com
- Company Type
- Converted/closed company
- Incorporated On
- 29 January 2002
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Creative,Media And Publishing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time for BURBERRY ITALY RETAIL LIMITED to pay invoices has increased over the past three periods. In the first period (Apr 2018 - Sep 2018), the average time to pay was 23 days, then it increased to 26 days in the second period (Oct 2018 - Mar 2019), and further increased to 31 days in the third period (Apr 2019 - Sep 2019).
Volatility Analysis
The company's volatility in paying invoices has also increased over the three periods. In the first period, 74% of invoices were paid within 30 days, but this percentage decreased to 69% in the second period, and further decreased to 60% in the third period. Similarly, the percentage of invoices paid between 31 and 60 days increased from 25% in the first period to 28% in the second period, and then to 35% in the third period. The percentage of invoices paid later than 60 days also increased from 1% in the first period to 3% in the second period, and then to 5% in the third period.
Summary Analysis
Between Apr 2018 and Sep 2019, there has been a gradual increase in the average time for BURBERRY ITALY RETAIL LIMITED to pay invoices. The percentage of invoices paid within 30 days has decreased from 74% to 60%, while the percentage of invoices paid later than 60 days has increased from 1% to 5%.
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 Apr 2018 - 29 Sept 2018 | 26 Oct 2018 | 23 | 74% | 25% | 1% | 25% |
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
Other than in exceptional circumstances, Burberry’s standard payment terms are 30 or 60 days from the date of receipt of a valid invoice.
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
60
Dispute Resolution Process
Disputes can be raised by suppliers to Burberry by emailing the UK accounts payable mailbox Uk.Accountspayable@burberry.com
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
BURBERRY ITALY RETAIL LIMITED is a subsidiary of the luxury fashion brand Burberry, based in Italy. The company is focused on providing quality products and services while also prioritizing sustainability efforts.
The company's sustainability program, called "Responsibility Agenda," aims to reduce the environmental impact of its operations by implementing sustainable practices throughout the supply chain. This includes using renewable energy sources, reducing waste and emissions, and promoting responsible sourcing of materials.
BURBERRY ITALY RETAIL LIMITED offers a wide range of luxury fashion products, including clothing, accessories, and fragrances. The company is known for its iconic trench coat and signature check pattern.
The key people behind BURBERRY ITALY RETAIL LIMITED are its CEO, Marco Gobbetti, and its Chief Creative Officer, Riccardo Tisci. Both are highly respected and influential figures in the fashion industry.
The company's website address is www.burberry.com, where customers can browse and purchase products, as well as learn more about the company's sustainability efforts. The registered office address is at Via Senato, 10, 20121 Milan, Italy.
In summary, BURBERRY ITALY RETAIL LIMITED is a luxury fashion brand with a strong focus on sustainability and responsible practices. With a range of high-quality products and influential leaders at the helm, the company continues to make a significant impact in the fashion industry.
