| 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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 60 | 0% | 43% | 57% | 100% |
| 01 Jul 2024 - 31 Dec 2024 | 25 Feb 2025 | 64 | 12% | 37% | 51% | 100% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Apr 2024 | 69 | 15% | 27% | 58% | 83% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 62 | 22% | 28% | 50% | 64% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | 62 | 15% | 30% | 55% | 93% |
| 01 Jan 2022 - 30 Jun 2022 | 02 Aug 2022 | 63 | 18% | 26% | 56% | 96% |
| 01 Jan 2021 - 30 Jun 2021 | 04 Aug 2021 | 69 | 25% | 22% | 51% | 84% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 52 | 28% | 30% | 42% | 87% |
| 01 Jan 2020 - 30 Jun 2020 | 11 Aug 2020 | 58 | 23% | 40% | 37% | 65% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Feb 2019 | 66 | 27% | 18% | 55% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 75 | 20% | 18% | 62% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 90 days (but this is negotiable) from date of invoice, with payment made on the next available payment run following the due date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The Very Group undertakes this analysis in line with our stated payment terms and practices as described above.
Maximum contractual payment period agreed
90
Any payment disputes are dealt with by the P2P team in the first instance through dedicated mailboxes with an SLA of 72 hours for resolution. If the matter remains unresolved, it will be escalated to senior management. Ultimately, the matter may go to arbitration with a mutually agreed arbitrator.
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
SHOP DIRECT FINANCE COMPANY LIMITED is a UK-based financial services company that offers a range of products and services to its customers. The company is committed to sustainability and has various initiatives in place to reduce its environmental impact and support local communities.
The company's main products and services include credit cards, personal loans, and insurance. They also offer a range of financial planning tools and resources to help customers manage their finances effectively.
The key people at SHOP DIRECT FINANCE COMPANY LIMITED include the CEO, who oversees the day-to-day operations, and the board of directors, who provide strategic direction and guidance. The company also has a team of experienced financial advisors who work closely with customers to help them achieve their financial goals.
In terms of sustainability, the company has implemented various measures to reduce its carbon footprint, such as using renewable energy sources and promoting recycling and waste reduction. They also have a social responsibility program, which involves supporting local charities and community projects.
Customers can access the company's products and services through their website, which also provides information on their sustainability efforts. The registered office address for SHOP DIRECT FINANCE COMPANY LIMITED is 1st Floor, Skyways House, Speke Road, Speke, Liverpool L70 1AB.
In conclusion, SHOP DIRECT FINANCE COMPANY LIMITED is a reputable financial services company that is committed to sustainability and offers a range of products and services to help customers manage their finances efficiently. Their dedication to sustainability and support for local communities make them a socially responsible choice for customers.