| 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 |
|---|---|---|---|---|---|---|
| 25 Aug 2018 - 02 Mar 2019 | 03 Apr 2019 | 72 | 18% | 27% | 55% | 67% |
| 01 Mar 2018 - 31 Aug 2018 | 17 Sept 2018 | 69 | 26% | 35% | 39% | 69% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our payment terms range between 1 day for rent payments, to 90 days for trade suppliers. There are therefore no "standard" payment terms.
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
Stock deliveries go through our Quality Control (QC) department, and if there is an issue with the product, the supplier is informed immediately, and can view the product, to agree a solution. This usually results in return of the faulty product, and a credit note.
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?
No information available
KAREN MILLEN FASHIONS LIMITED is a insolvency proceedings private limited company, incorporated on 17 February 2009, based in the West Midlands region. Registered business activity: Retail sale of clothing in specialised stores.
From Companies House records.