TESSUTI LTD
Company Information
- Company Number
- 05640916
- Registered Address
- Unit A Brook Park East, Shirebrook, Mansfield, England, NG20 8RY
- Status
- Active
- Employee Count
- 965
- Turnover
- £181,079,000
- EBITDA
- £18,989,000
Additional Details
- Website
- https://tessuti.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 30 November 2005
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Commerce Models, Fashion
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
Based on the data provided, TESSUTI LTD has shown a fluctuating trend in their average time to pay invoices. From 2019 to 2022, there has been an overall increase in the average time taken to pay invoices. However, there was a slight decrease in the average time to pay from 2020-2021.
Volatility Analysis
TESSUTI LTD has shown some volatility in their payment behavior, with the percentage of invoices paid within 30 days and between 31-60 days fluctuating throughout the periods. The percentage of invoices paid later than 60 days has also shown some volatility, with a peak in the last period (2022-07-30).
Summary Analysis
From the data provided, it can be seen that TESSUTI LTD has had a steady increase in the average time taken to pay invoices, with a peak in 2022-07-30 at 48 days. However, there was a slight decrease in the average time to pay from 2020-2021. The highest percentage of invoices paid within 30 days was in 2020-2021 at 52%, while the lowest was in 2021-2022 at 41%. The highest percentage of invoices paid between 31-60 days was in 2019-2020 at 44%, while the lowest was in 2021-2022 at 34%. The highest percentage of invoices paid later than 60 days was in 2022-2023 at 19%, while the lowest was in 2019-2020 at 14%.
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 |
|---|---|---|---|---|---|---|
| 30 Jan 2022 - 30 Jul 2022 | 30 Sept 2022 | 48 | 41% | 40% | 19% | 56% |
| 01 Aug 2021 - 29 Jan 2022 | 16 Mar 2022 | 51 | 49% | 34% | 17% | 47% |
| 31 Jan 2021 - 31 Jul 2021 | 16 Mar 2022 | 45 | 49% | 35% | 16% | 47% |
| 02 Aug 2020 - 30 Jan 2021 | 21 Apr 2021 | 46 | 47% | 38% | 15% | 38% |
| 02 Feb 2020 - 01 Aug 2020 | 12 Nov 2020 | 42 | 52% | 34% | 14% | 31% |
| 04 Aug 2019 - 01 Feb 2020 | 04 Mar 2020 | 53 | 39% | 44% | 17% | 42% |
| 03 Feb 2019 - 03 Aug 2019 | 02 Sept 2019 | 50 | 46% | 39% | 15% | 36% |
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
45 days
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
Invoices are matched on receipt and disputed invoices notified to the supplier
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
TESSUTI LTD is a leading fashion retailer based in the United Kingdom. The company was founded in 1985 and has since grown to become a major player in the fashion industry. TESSUTI offers a wide range of premium designer brands for men and women, including clothing, accessories, and footwear.
As a company, TESSUTI is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using sustainable materials in their products, implementing energy-efficient practices in their stores and warehouses, and partnering with ethical suppliers.
Their sustainability program also extends to their packaging, with TESSUTI using recycled and biodegradable materials whenever possible. They also encourage their customers to recycle their packaging and offer incentives for returning used packaging to their stores.
TESSUTI's key people include their managing director, buying director, and operations director, who all bring a wealth of experience and expertise to the company. They are also supported by a team of dedicated employees who share the company's values and vision.
For customers looking to contact TESSUTI, they can do so through their website or by visiting one of their many stores located throughout the UK. The company's registered office address is at Tessuti Limited, Hollinsbrook Way, Pilsworth, Bury, Lancashire, BL9 8RR, United Kingdom.
Overall, TESSUTI LTD is a reputable and sustainable fashion retailer that offers a wide range of high-quality products from top designer brands. With their commitment to sustainability and dedicated team, TESSUTI continues to be a top choice for fashion-forward individuals in the UK.
