| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
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.
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
Tiger Retail Limited is a company registered in England and Wales, incorporated in 2005, with its registered office in London. It trades as Flying Tiger Copenhagen, a variety retail brand that began as a Danish market stall and now operates over a thousand stores worldwide. The business sells a broad mix of affordable, design-led goods spanning home decor, kitchenware, gifts, toys and games, arts and crafts, and confectionery, with new product ranges introduced every two weeks. The registered UK entity forms part of this international retail group rather than a manufacturer, focusing on selling third-party sourced merchandise through physical stores and an online shop across multiple European markets.
Generated from the company's website and Companies House records. Sources: flyingtiger.com · flyingtiger.com