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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
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.
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
AFH STORES UK LIMITED is an active private limited company, incorporated on 9 November 2007, based in the London region. Registered business activity: Retail sale of clothing in specialised stores.
From Companies House records.