WAREHOUSE FASHIONS LIMITED
Company Information
- Company Number
- 06822214
- Registered Address
- C/O Teneo Financial Advisory Limited The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Status
- In Administration
- Employee Count
- 1,064
- Turnover
- £100,600,000
- EBITDA
- £1,300,000
Additional Details
- Website
- https://warehouse-london.com
- Company Type
- Private limited Company
- Incorporated On
- 17 February 2009
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Fashion
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for WAREHOUSE FASHIONS LIMITED to pay invoices has remained relatively consistent over the past three periods, with only a slight increase from 37 to 38 days. However, the percentage of invoices paid within 30 days has decreased by 7%, while the percentage of invoices paid between 31 and 60 days has increased by 7%. This suggests a trend towards slower invoice payments.
Volatility Analysis
The volatility in WAREHOUSE FASHIONS LIMITED's invoice payment patterns is relatively low, with only small changes in the average time taken to pay, and the percentages of invoices paid within different time frames. The most significant change is the decrease in invoices paid within 30 days, which could indicate a potential decrease in the company's financial stability.
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 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 38 | 51% | 35% | 14% | 17% |
| 03 Mar 2019 - 02 Sept 2019 | 30 Sept 2019 | 42 | 51% | 38% | 11% | 14% |
| 25 Aug 2018 - 24 Feb 2019 | 26 Mar 2019 | 37 | 49% | 37% | 14% | 14% |
| 25 Feb 2018 - 24 Aug 2018 | 19 Sept 2018 | 38 | 58% | 31% | 11% | 18% |
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
Warehouse Fashions Ltd operates to a set of standard payment terms, which are the next payment run before the end of credit period: 60 days for goods for re-sale and 30 days for non-goods for re-sale, variations to these terms to exist based on agreements with certain suppliers.
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
60
Dispute Resolution Process
Warehouse Fashions policy is to pay its suppliers on time in line with the agreed terms. If a dispute is raised, it is forwarded to the relevant department to be considered. Payment of invoice is held with suppliers knowledge until dispute is resolved. Payment is processed immediately when dispute is resolved.
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.
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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?
❌
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
Warehouse Fashions Limited is a British fashion company that specializes in trendy and affordable clothing for women. The company was founded in 1976 and has since become a well-known brand in the UK fashion industry.
The company's sustainability program is a key aspect of their operations. They are committed to reducing their environmental impact by using sustainable materials, reducing waste, and implementing ethical sourcing practices. They also encourage their customers to recycle their clothing through their partnership with the clothing recycling program, "Love Not Landfill".
Warehouse Fashions Limited offers a wide range of products including dresses, tops, skirts, trousers, and accessories. Their collections are designed to cater to the needs of modern women who are looking for stylish and on-trend pieces at affordable prices. The company also offers a size-inclusive range, with sizes ranging from 6 to 18.
The key people behind Warehouse Fashions Limited include CEO, Paula Nickolds, and Creative Director, Emma Cook. They are both highly experienced in the fashion industry and lead the company with a strong vision and commitment to sustainability.
Customers can contact Warehouse Fashions Limited through their website, which also serves as an online shopping platform. The company's registered office address is located in London, United Kingdom.
In conclusion, Warehouse Fashions Limited is a well-established fashion brand that offers affordable and sustainable clothing for modern women. With a strong focus on sustainability and a team of experienced leaders, the company continues to be a popular choice among customers in the UK.
