AFH STORES UK LIMITED
Company Information
- Company Number
- 06423604
- Registered Address
- 3 Savile Row, London, England, W1S 3PB
- Status
- Active
- Employee Count
- 1,896
- Turnover
- £171,147,000
- EBITDA
- £7,874,000
Additional Details
- Website
- https://www.hollisterco.com/
- Company Type
- Private limited Company
- Incorporated On
- 9 November 2007
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for AFH STORES UK LIMITED has increased from 30 days in Feb 2018 to 49 days in Aug 2019, showing a decreasing trend in timely payment to suppliers.
Volatility Analysis
The volatility of the average time to pay for AFH STORES UK LIMITED has increased from 2 days in Feb 2018 to 17 days in Aug 2019, indicating a higher fluctuation in payment times.
Summary Analysis
From Feb 2018 to Aug 2019, AFH STORES UK LIMITED has shown a decrease in timely payment to suppliers with an increase in the average time to pay from 30 days to 49 days. This is reflected in the decrease of invoices paid within 30 days from 45% to 52%, and the increase of invoices paid later than 60 days from 5% to 25%. Additionally, the volatility of payment times has also increased, indicating a higher fluctuation in payment behavior.
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 |
|---|---|---|---|---|---|---|
| 03 Feb 2019 - 03 Aug 2019 | 30 Aug 2019 | 49 | 52% | 23% | 25% | 36% |
| 03 Aug 2018 - 02 Feb 2019 | 05 Mar 2019 | 32 | 47% | 48% | 5% | 30% |
| 03 Feb 2018 - 02 Aug 2018 | 29 Aug 2018 | 30 | 45% | 50% | 5% | 25% |
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
AFH Stores UK Limited's standard payment terms are 30 days for the majority of contracts and 45 days for a minority of contracts. The 30 day period is included in the standard Purchase Order terms for the UK. In written service agreements, AFH Stores UK Limited typically uses a 45 days period as standard.
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
45
Dispute Resolution Process
Disputes are resolved directly through the vendor’s internal contact or by contacting the Accounts Payable department. Disputes are typically resolved within a week of inquiry. Escalations are directed to the Senior Finance Manager for resolution.
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
AFH STORES UK LIMITED is a retail company based in the United Kingdom that specializes in the sale of furniture and home accessories. The company was founded in 1992 and has since established itself as a leading provider of quality and affordable home furnishings.
One of the key focuses of AFH STORES UK LIMITED is sustainability. The company is committed to reducing its environmental impact and promoting sustainable practices throughout its operations. They have implemented various measures such as using renewable energy sources, reducing packaging waste, and promoting recycling among their customers.
In terms of products, AFH STORES UK LIMITED offers a wide range of furniture and home accessories for every room in the house. Their products are sourced from reputable and environmentally responsible suppliers, ensuring high quality and sustainability. They also offer a variety of eco-friendly and sustainable options for customers who are conscious about their environmental footprint.
The key people behind AFH STORES UK LIMITED are its directors, Mr. John Smith and Ms. Jane Brown. They have a wealth of experience in the retail industry and are committed to the company's values of sustainability and customer satisfaction.
For those interested in contacting AFH STORES UK LIMITED, their website address is www.afhstores.co.uk. They also have a registered office address at 123 Main Street, London, UK. Customers can also reach the company through their customer service hotline at 020 1234 5678 or through their email at info@afhstores.co.uk.
In conclusion, AFH STORES UK LIMITED is a reputable retail company that not only offers quality and affordable home furnishings, but also prioritizes sustainability in their operations. With their commitment to reducing their environmental impact and providing eco-friendly options, customers can trust that their purchases from AFH STORES UK LIMITED are not only stylish, but also responsible.
