OASIS FASHIONS LIMITED
Company Information
- Company Number
- 06822219
- Registered Address
- C/O TENEO FINANCIAL ADVISORY LIMITED, The Colmore Building 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Status
- In Administration
- Employee Count
- 1,828
- Turnover
- £150,700,000
- EBITDA
- £0
Additional Details
- Website
- https://oasis-stores.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 OASIS FASHIONS LIMITED to pay invoices has increased over the past three periods, starting at 35 days in Feb 2018 and reaching 45 days in March 2019, before slightly decreasing to 43 days in Sept 2019. The percentage of invoices paid within 30 days has also decreased from 59% to 50%, while the percentage of invoices paid after 60 days has increased from 16% to 23%. This suggests a trend of slower invoice payments by the company.
Volatility Analysis
The volatility in the average time taken to pay invoices by OASIS FASHIONS LIMITED is relatively low, with an increase of only 10% from the lowest period (35 days) to the highest period (45 days). However, there is higher volatility in the percentage of invoices paid within 30 days, with a decrease of 6% from the lowest period (59%) to the highest period (53%). The volatility in the percentage of invoices paid after 60 days is also significant, with an increase of 7% from the lowest period (16%) to the highest period (23%).
Summary Analysis
Overall, the data shows a trend of slower invoice payments by OASIS FASHIONS LIMITED over the past three periods. The average time taken to pay invoices has increased from 35 days to 43 days, while the percentage of invoices paid within 30 days has decreased from 59% to 50%. The highest percentage of invoices paid after 60 days was in Feb 2019, with 23%, while the shortest (or only) standard payment period for the company is 30 days.
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 | 43 | 50% | 27% | 23% | 14% |
| 03 Mar 2019 - 02 Sept 2019 | 30 Sept 2019 | 45 | 54% | 25% | 21% | 12% |
| 25 Aug 2018 - 24 Feb 2019 | 26 Mar 2019 | 39 | 53% | 30% | 17% | 11% |
| 25 Feb 2018 - 24 Aug 2018 | 19 Sept 2018 | 35 | 59% | 25% | 16% | 12% |
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
OasisFashions Ltd operates to a set of standard payment terms, which are the next payment run before the end of credit period: 67 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?
Yes – Goods terms were amended to standard 67 days in October 2020
Any other information about payment terms
N/A
Maximum contractual payment period agreed
67
Dispute Resolution Process
Oasis 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
OASIS FASHIONS LIMITED is a British fashion retailer that offers women's clothing, accessories, and footwear. The company was founded in 1991 and is based in London, with over 80 stores across the UK and Ireland.
Sustainability is a key focus for OASIS FASHIONS LIMITED, with the company striving to reduce its environmental impact and promote ethical and sustainable practices. They have implemented several initiatives to achieve this, including using sustainable materials in their products, reducing waste in their supply chain, and promoting ethical labor practices.
OASIS FASHIONS LIMITED offers a wide range of stylish and affordable clothing for women, including dresses, tops, skirts, and jackets. They also have a variety of accessories such as bags, jewelry, and scarves. Their footwear collection includes trendy sandals, boots, and heels.
The company's key people include CEO Hash Ladha, who has been with the company since 2018 and has a strong background in retail, and Chief Creative Officer Rachel Morgan, who brings her expertise in fashion design to the brand.
Customers can shop at OASIS FASHIONS LIMITED through their website, which offers online ordering and delivery services. The company also has a customer service team available to assist with any inquiries or concerns.
The registered office address for OASIS FASHIONS LIMITED is The Triangle, Stanton Harcourt Industrial Estate, Stanton Harcourt, Witney, Oxfordshire, OX29 5UT. Customers can also visit their website at www.oasis-stores.com for more information about the brand, their products, and sustainability initiatives.
