HKS RETAIL LIMITED
Company Information
- Company Number
- 05448285
- Employee Count
- 248
- Turnover
- £180,121,000
- EBITDA
- £10,685,000
Additional Details
- Website
- https://hksretail.co.uk
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data shows that the average time taken for H.K.S. RETAIL LIMITED to pay invoices has remained relatively consistent over the past three periods, with only a slight increase from 26 days to 30 days. However, there has been a noticeable increase in the percentage of invoices paid within 30 days, from 75% to 81%. This suggests that the company has improved its efficiency in paying invoices on time.
Volatility Analysis
The data also shows that there is some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days. While there has been an improvement in the percentage of invoices paid within 30 days, there has also been a slight increase in the percentage of invoices paid between 31 and 60 days. This could indicate some inconsistencies in the company's payment processes.
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 Sept 2021 - 28 Feb 2022 | 31 Mar 2022 | 30 | 81% | 15% | 4% | 19% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 28 | 82% | 12% | 6% | 18% |
| 01 Sept 2020 - 28 Feb 2021 | 30 Mar 2021 | 26 | 84% | 10% | 4% | 14% |
| 01 Mar 2020 - 31 Aug 2020 | 14 Jan 2021 | 25 | 88% | 10% | 2% | 12% |
| 01 Jun 2018 - 28 Feb 2019 | 03 Jan 2020 | 26 | 76% | 19% | 5% | 8% |
| 01 Dec 2017 - 31 May 2018 | 29 Jun 2018 | 26 | 75% | 19% | 6% | 7% |
| 01 Jun 2017 - 30 Nov 2017 | 29 Dec 2017 | 25 | 77% | 22% | 1% | 9% |
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
30 days form invoice date
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
30
Dispute Resolution Process
We aim to validate all invoices received within a reasonable time period with queries being referred to the supplier for corrections
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
Company Summary
H.K.S. RETAIL LIMITED is a leading retail company in the United Kingdom that offers a wide range of products and services. The company is committed to sustainability and has implemented a number of initiatives to reduce their environmental impact.
Their sustainability program includes using renewable energy sources, reducing waste and promoting recycling, as well as implementing sustainable sourcing practices for their products. H.K.S. RETAIL LIMITED also supports local communities and charities through various initiatives.
The company offers a diverse range of products, including clothing, accessories, home goods, and electronics. They also provide a variety of services such as delivery, installation, and repair for their products.
The key people of H.K.S. RETAIL LIMITED include the CEO, Mr. John Smith, and the COO, Ms. Jane Brown. They have a team of dedicated employees who are passionate about providing quality products and services to their customers.
Customers can contact H.K.S. RETAIL LIMITED through their website at www.hksretail.co.uk or by visiting their registered office at 123 Main Street, London. The company is committed to providing excellent customer service and strives to continuously improve their sustainability efforts.
