THE WORKS STORES LIMITED
Company Information
- Company Number
- 06557400
- Employee Count
- 3,697
- Turnover
- £277,039,000
- EBITDA
- £19,600,000
Additional Details
- Website
- https://theworks.co.uk/
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 |
|---|---|---|---|---|---|---|
| 04 Nov 2024 - 04 May 2025 | 03 Jun 2025 | 45 | 44% | 32% | 24% | 36% |
| 01 Nov 2023 - 30 Apr 2024 | 28 May 2024 | 53 | 24% | 43% | 33% | 49% |
| 01 May 2023 - 31 Oct 2023 | 27 Nov 2023 | 55 | 21% | 50% | 29% | 44% |
| 01 Nov 2022 - 30 Apr 2023 | 24 May 2023 | 61 | 20% | 58% | 22% | 67% |
| 29 Apr 2021 - 29 Oct 2021 | 18 Nov 2021 | 50 | 24% | 49% | 27% | 73% |
| 27 Oct 2020 - 28 Apr 2021 | 18 Aug 2021 | 60 | 15% | 44% | 41% | 85% |
| 29 Apr 2019 - 28 Oct 2019 | 27 Nov 2019 | 52 | 15% | 52% | 33% | 90% |
| 31 Oct 2018 - 28 Apr 2019 | 31 May 2019 | 62 | 14% | 51% | 35% | 86% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 57 | 9% | 51% | 40% | 85% |
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
We don't have standard payment terms for our suppliers. 31% of our stock suppliers are on 30 days from invoice or less, 17.5 % 30 days EOM, 16% 60 days & 34% 60 days EOM. Largest stock suppliers are on 60 EOM. 16% of expense suppliers are on 14 days from invoice, 59% 30 days from invoice and 21% 30 days EOM.
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
90
Dispute Resolution Process
Complaints relating to payments can be directed to the AP team at: accounts@theworks.co.uk or via phone. Complaints will initially be addressed by the Purchase Ledger Clerk and escalated to the Purchase Ledger Supervisor or Financial Process Controller as necessary. Suppliers will have buying contacts within the business and can also escalate any payment issues through that route to the Head of Buying or Chief Commercial Officer.
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
THE WORKS STORES LIMITED is a British discount retailer that offers a wide range of products including books, gifts, stationery, and arts and crafts supplies. The company was founded in 1981 and has now expanded to over 500 stores across the UK and Ireland.
As part of their commitment to sustainability, THE WORKS STORES LIMITED has implemented various initiatives to reduce their environmental impact. This includes using sustainable materials in their products, reducing plastic packaging, and promoting recycling and waste reduction in their stores. They also have a dedicated sustainability team that continuously works to improve their practices and reduce their carbon footprint.
The company offers a variety of affordable and high-quality products, ranging from children's books and toys to home decor and craft supplies. They also have a range of exclusive products in collaboration with popular brands such as Disney and Harry Potter.
The key people behind THE WORKS STORES LIMITED include CEO Gavin Peck, who has been with the company since 2016, and Chairman Dean Hoyle, who has been with the company since 2008. Their registered office address is at 19 Harcourt Street, London, W1H 4HF.
Customers can visit their website at www.theworks.co.uk to browse and purchase products, as well as find information about their sustainability efforts. The company also has a strong online presence, with active social media accounts on platforms like Facebook, Twitter, and Instagram. Overall, THE WORKS STORES LIMITED is a popular and growing retailer that not only offers affordable products but also strives to make a positive impact on the environment.
