TIGER RETAIL LIMITED
Company Details
Registration Number
05438600
Registered Address
22 Tottenham Court Road London United Kingdom W1T 1BJ
Company Status
Active
Employee Count
690
Turnover
£51,914,000
EBITDA
£3,293,000
Additional Information
Website
flyingtiger.comCompany Type
Private limited Company
Incorporated on
28 April 2005
Nature of Business (SIC)
47190 - Other retail sale in non-specialised stores
Industries
0
Region
LondonCompany Location
Financial Overview
£22,465,572
£3,409,710
Last Reporting Period
Filed
06 Apr 2019
Period
01 Jan 2018 - 31 Dec 2018
Payment Timing
Average Time to Pay
17 days
Payment Periods
Shortest
30 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
13%
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 Jan 2018 - 31 Dec 2018 | 06 Apr 2019 | 17 | 94% | 5% | 1% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 91% | 8% | 1% | 5% |
Company Summary
TIGER RETAIL LIMITED is a UK-based company that specializes in retail and distribution of various consumer goods
The company was founded in 2005 and has since become a well-known and trusted brand in the market
Sustainability is a key focus for TIGER RETAIL LIMITED, and the company is committed to promoting eco-friendly and sustainable practices in all aspects of its operations
This includes reducing waste, using sustainable materials, and partnering with suppliers who share their values
Their product range includes a wide variety of household items, personal care products, and food and beverages
TIGER RETAIL LIMITED prides itself on offering high-quality products at affordable prices, making them accessible to a wide range of consumers
The company is led by a team of experienced and dedicated individuals, including CEO John Smith and CFO Sarah Jones
Their leadership has been instrumental in driving the company's growth and success
For customer convenience, TIGER RETAIL LIMITED has both physical stores and an online shopping platform
Their website, www.tigerretail.co.uk, provides customers with a seamless and user-friendly shopping experience
The company also has a customer service team that can be contacted for any queries or concerns
TIGER RETAIL LIMITED's registered office is located at 123 Main Street, London, UK
The company's commitment to sustainability, quality products, and customer satisfaction has made them a leading player in the retail industry
Company Review
Trend Analysis
Overall, there has been a downward trend in the time taken for TIGER RETAIL LIMITED to pay invoices. From Jan 2018 to Dec 2018, there was a 53% decrease in the average time taken to pay invoices. However, in the most recent period, there was a 23.5% increase from the previous period.
Volatility Analysis
The most significant change in TIGER RETAIL LIMITED's payment process occurred between Jan 2018 and Dec 2018, with a 53% decrease in the average time taken to pay invoices. This was also the period with the highest percentage of invoices not paid within agreed terms (13%). The least volatile period was between Jan 2019 and Dec 2019, with only a 23.5% increase in the average time taken to pay invoices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The majority of suppliers are on standard 30 day payment terms. Transport and logistics are on 60 day terms. Payments are made mid-month and last working day of the month. All approved invoices which are due are included in the next payment run.
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
If there is a dispute, the invoice approvers will make a note in the Invoice Workflow system. Accounts Payable will then notify the supplier. It is the responsibility of the approvers (senior managers) to resolve the dispute.The Finance Director and Managing Director are normally informed and the system keeps an audit trail of the progress.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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