WWW.NAKEDWINES.COM LIMITED

PaymentCheck Score 2023
91Excellent
3.0vs last year
#809 in UK
#38 in Lifestyle And Entertainment
#33 in East of England

Company Information

Company Number
06672317
Registered Address
The Union Building, 51-59 Rose Lane, Norwich, England, NR1 1BY
Status
Active
Employee Count
157
Turnover
£137,195,000
EBITDA
£7,696,000

Additional Details

Company Type
Private limited Company
Incorporated On
13 August 2008
Nature of Business
47250 - Retail sale of beverages in specialised stores
Industries
Lifestyle And Entertainment,Software,Supply Chain,Manufacturing And Commerce Models
Region
East of England

Time to Pay

Average Time to Pay
19 days
Shortest Period:1 days
Longest Period:90 days
Max Contractual:365 days

Payment Timeline

Within 30 Days
82%
31-60 Days
15%
After 60 Days
3%
Not Paid Within Terms5%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-11-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
04 Apr 2023 - 03 Oct 202323 Nov 20231982%15%3%5%
29 Sept 2022 - 03 Apr 202306 Sept 20231587%11%2%6%
29 Mar 2022 - 28 Sept 202226 Oct 20221289%9%2%5%
30 Mar 2021 - 29 Sept 202129 Oct 20211294%2%4%5%
30 Sept 2020 - 29 Mar 202102 Jun 20211889%8%3%8%
31 Mar 2020 - 29 Sept 202002 Jun 20212276%17%7%17%
02 Oct 2019 - 30 Mar 202002 Jun 20212278%18%4%17%
02 Apr 2019 - 01 Oct 201904 Dec 20192196%2%2%28%
03 Apr 2018 - 01 Oct 201807 Nov 20182098%1%1%22%

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

30 days from invoice date

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/a

Maximum contractual payment period agreed

365

Dispute Resolution Process

Process depends on the nature of the reason for delay in payment, generally the accounts departments liaise to establish the issue and resolve in the first instance. This can be escalated to other teams as required.

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

Nakedwines.com Limited is a UK-based online wine retailer that offers a unique model of connecting independent winemakers with customers through a subscription-based service. The company was founded in 2008 by Rowan Gormley and has since grown to become a popular and innovative player in the wine industry.

The company's sustainability program focuses on supporting and promoting sustainable and environmentally-friendly practices among its partner winemakers. This includes encouraging the use of organic and biodynamic farming methods, reducing carbon emissions in the production and transportation of wine, and supporting local communities where the wines are made.

Nakedwines.com Limited offers a wide range of wines from independent winemakers around the world, including red, white, rosé, and sparkling wines. They also have a selection of spirits and beers available for purchase. Customers can choose to sign up for a monthly subscription, which gives them access to exclusive wines at discounted prices, or make one-time purchases.

The company's key people include Rowan Gormley, the founder and CEO, and Eamon FitzGerald, the Managing Director. They have a team of dedicated wine experts and customer service representatives who work to ensure a high-quality experience for their customers.

Contact information for Nakedwines.com Limited includes their website address, www.nakedwines.com, where customers can browse and purchase their products, as well as a registered office address in Norwich, UK.

In summary, Nakedwines.com Limited is a sustainable and innovative online wine retailer that offers a unique experience for customers to discover and support independent winemakers. With a focus on promoting sustainable practices and a wide selection of high-quality wines, they have become a popular choice for wine enthusiasts in the UK and beyond.

Financial Metrics

Cash
£6,446,000
Net Worth
£27,303,000
Total Current Assets
£47,003,000
Total Current Liabilities
£66,616,000

Company Location