Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 95.39/100 qualifies for PaymentCheck Certification
| 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 |
|---|---|---|---|---|---|---|
| 31 Jan 2021 - 31 Jul 2021 | 27 Sept 2021 | 16 | 92% | 7% | 1% | 4% |
| 01 Sept 2020 - 30 Jan 2021 | 27 Sept 2021 | 15 | 90% | 9% | 1% | 6% |
| 01 Mar 2020 - 31 Aug 2020 | 28 Sept 2020 | 39 | 43% | 47% | 10% | 43% |
| 01 Sept 2019 - 29 Feb 2020 | 09 Apr 2020 | 32 | 50% | 45% | 5% | 42% |
| 24 Feb 2019 - 31 Aug 2019 | 30 Sept 2019 | 33 | 61% | 33% | 6% | 39% |
| 26 Aug 2018 - 23 Feb 2019 | 30 Sept 2019 | 33 | 54% | 38% | 8% | 44% |
| 25 Feb 2018 - 25 Aug 2018 | 13 Nov 2018 | 29 | 70% | 21% | 9% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Any disputes will be resolved in a prompt and timely manner directly with the supplier and is dealt with by the finance department.
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
Footasylum Limited is a retailer of trainers, clothing and accessories for men, women and kids. It trades through an online store offering footwear, apparel and accessories brands, alongside physical shops across the UK. The company's product range covers trainers, streetwear, activewear, denim, outerwear and related accessories such as bags, socks and caps. Its registered office is in Rochdale, England, and it has been active since 2005. The business operates within the fashion retail sector, selling both own-brand and third-party clothing and footwear lines to a range of customer groups including students and families.
Generated from the company's website and Companies House records. Sources: footasylum.com · footasylum.com