SPORTS DIRECT INTERNATIONAL PLC
Company Details
Registration Number
06035106
Registered Address
Unit A Brook Park East Shirebrook NG20 8RY
Company Status
Active
Employee Count
32481
Turnover
£5,565,200,000
EBITDA
£900,400,000
Additional Information
Website
frasers.group/Company Type
Public limited Company
Incorporated on
21 December 2006
Nature of Business (SIC)
70100 - Activities of head offices
Industries
Clothes, Footwear, Online retailing, Physical retailing, Sports equipment and apparel
Region
East MidlandsCompany Location
Financial Overview
£332,900,000
£1,594,100,000
Last Reporting Period
Filed
29 Nov 2019
Period
01 May 2019 - 31 Oct 2019
Payment Timing
Average Time to Pay
39 days
Payment Periods
Shortest
0 days
Longest
61 days
Max Contractual
61 days
Payment Timeline
Not Paid Within Terms
52%
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 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 39 | 38% | 49% | 13% | 52% |
Company Summary
SPORTS DIRECT INTERNATIONAL PLC is a leading sports retailer in the United Kingdom
The company was founded by Mike Ashley in 1982 and has now become one of the largest sports retailers in the world
SPORTS DIRECT offers a wide range of sporting goods, clothing, and footwear from popular brands such as Nike, Adidas, and Puma
The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact
One of their key sustainability programs is their "Zero Waste to Landfill" policy, where they aim to recycle or repurpose all waste generated by their operations
They also use renewable energy sources in their stores and warehouses to reduce their carbon footprint
SPORTS DIRECT is committed to providing customers with high-quality products at affordable prices
They offer a wide range of products for different sports, including football, running, and swimming
The company also has its own brand, Everlast, which offers affordable and durable sports equipment and clothing
The key people at SPORTS DIRECT include Mike Ashley, the founder and majority shareholder, and Dave Forsey, the CEO
The company has over 20,000 employees and has a strong presence in the UK with over 700 stores
For customers looking to contact SPORTS DIRECT, their website address is www.sportsdirect.com
The registered office address is Unit A, Brook Park East, Shirebrook, NG20 8RY, United Kingdom
In summary, SPORTS DIRECT INTERNATIONAL PLC is a leading sports retailer in the UK with a strong focus on sustainability
They offer a wide range of high-quality products, including their own brand, Everlast, and have a strong presence in the UK with over 700 stores
Their commitment to sustainability and providing affordable products makes them a popular choice among customers
Company Review
Trend Analysis
The average time taken for SPORTS DIRECT INTERNATIONAL PLC to pay invoices has increased over the past three periods, from 28 days in Jan-Feb 2019 to 39 days in May-Oct 2019.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 38% and 48%, while the percentage of invoices paid later than 60 days has ranged from 10% to 13%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard term is the end of the month following,
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
61
Dispute Resolution Process
The Account Payable department is responsible for dispute resolution. Disputes are resolved by negotiation with individual suppliers to ensure that a resolution is reached before the payment due date.
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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