THE HUTCOM LIMITED
Company Information
- Company Number
- 05016010
- Registered Address
- Icon 1 7-9 Sunbank Lane, Ringway, Altrincham, United Kingdom, WA15 0AF
- Status
- Active
- Employee Count
- 4979.0
- Turnover
- 806841000.0
- EBITDA
- -55361000.0
Additional Details
- Website
- https://ameliorate.com/
- Company Type
- Private limited Company
- Incorporated On
- 15 January 2004
- Nature of Business
- 47990 - Other retail sale not in stores, stalls or markets
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- North West
Company Location
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 | 08 Feb 2024 | 62 | 21% | 19% | 60% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Aug 2023 | 64 | 21% | 20% | 59% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Mar 2023 | 65 | 21% | 22% | 57% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 63 | 20% | 27% | 53% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 60 | 19% | 29% | 52% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 62 | 21% | 28% | 51% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 62 | 18% | 29% | 53% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 65 | 17% | 28% | 55% | 37% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 66 | 11% | 33% | 56% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 66 | 9% | 34% | 57% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 63 | 8% | 38% | 54% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 08 Aug 2018 | 66 | 11% | 34% | 55% | 38% |
Company Summary
THE HUT.COM LIMITED is a British e-commerce company that operates a variety of retail websites, selling a wide range of products including fashion, beauty, homeware, and technology
Founded in 2004, the company is headquartered in Cheshire, England
The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact
They have a sustainability program in place which includes using renewable energy sources, reducing waste, and promoting sustainable packaging
THE HUT.COM LIMITED's product range includes a mix of well-known brands as well as their own private label products
They offer a variety of high-quality and affordable products to their customers, with a focus on fashion and beauty
The key people behind THE HUT.COM LIMITED include CEO Matthew Moulding and Chairman Richard Pennycook
Together, they have led the company to become one of the UK's leading online retailers
For customer support and inquiries, THE HUT.COM LIMITED can be contacted through their website at www.thehut.com or via phone at +44 (0) 1606 811 863
Their registered office address is at Meridian House, Gadbrook Park, Rudheath, Northwich, Cheshire, CW9 7RA, United Kingdom
In conclusion, THE HUT.COM LIMITED is a successful and sustainable e-commerce company that offers a wide range of products and services to its customers
With a strong leadership team and a commitment to sustainability, the company continues to grow and provide exceptional online retail experiences
Company Review
Trend Analysis
The time taken for THE HUT.COM LIMITED to pay invoices has remained relatively consistent over the past 3 years, with an average of 65 days. However, there has been a slight decrease in the average time to pay in the most recent period (2023-01-01 to 2023-06-30) compared to the previous period (2022-07-01 to 2022-12-31).
Volatility Analysis
The volatility of THE HUT.COM LIMITED's payment patterns is relatively low, with the percentages of invoices paid within 30 days and between 31 and 60 days remaining relatively consistent over the past 3 years. The percentage of invoices paid later than 60 days has shown the most variation, with a high of 60% in 2023-07-01 to 2023-12-31 and a low of 51% in 2021-07-01 to 2021-12-31.
Summary Analysis
From 2021-01-01 to 2023-06-30, THE HUT.COM LIMITED's average time to pay invoices has decreased by 3 days (from 65 to 62 days). During this period, there has been an increase in the percentage of invoices paid within 30 days (from 19% to 21%) and a decrease in the percentage of invoices paid between 31 and 60 days (from 28% to 19%). However, there has also been an increase in the percentage of invoices paid later than 60 days (from 52% to 60%).
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The Hut.com’s standard payment terms are: Stock: Typically 60 days from the end of the month in which a tax invoice is received. Non-stock: Typically 60 days from the end of the month in which a tax invoice is received. New contracts completed throughout H2. The Company trades with a limited number of suppliers on proforma payment terms due to legacy trading arrangements or those relationships established due to acquisition. The Company works flexibly with suppliers to ensure agreed terms are acceptable for both parties.
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
90
Dispute Resolution Process
Supplier queries and disputes are to be sent to the Accounts Payable department at the following email addresses: Stock - APSupplierServices@thehutgroup.com, Non-stock - OHinvoices@thehutgroup.com. Stock suppliers have allocated representatives who will liaise internally with the relevant buying team and/or warehouse in order to resolve the query. Non-stock suppliers’ queries and disputes are dealt with by a dedicated ‘Overheads’ team. Emails are usually responded to within two working days. If disputes cannot be resolved by the Accounts Payable department they are escalated within the business as appropriate.
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