Over the past three periods, the average time taken for HABITAT RETAIL LIMITED to pay invoices has decreased by 3 days. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 24% to 31%. The percentage of invoices paid within 30 days has also decreased from 27% to 20%.
The average time taken for HABITAT RETAIL LIMITED to pay invoices has fluctuated by a maximum of 10 days over the past three periods. The percentage of invoices paid within 30 days has also fluctuated by a maximum of 7%, while the percentage of invoices paid later than 60 days has fluctuated by a maximum of 8%.
From March 2018 to September 2020, HABITAT RETAIL LIMITED has seen a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there has been a significant increase in the percentage of invoices paid later than 60 days, which reached its highest point in September 2019 at 32%. The company's shortest (or only) standard payment period remains at 15 days.
| 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 |
|---|---|---|---|---|---|---|
| 06 Mar 2022 - 17 Sept 2022 | 14 Oct 2022 | |||||
| 08 Mar 2020 - 06 Mar 2021 | 18 Apr 2021 | 50 | 34% | 36% | 30% | 22% |
| 08 Mar 2020 - 07 Sept 2020 | 13 Oct 2020 | 48 | 32% | 45% | 23% | 24% |
| 10 Sept 2019 - 07 Mar 2020 | 06 Apr 2020 | 55 | 28% | 41% | 31% | 29% |
| 10 Mar 2019 - 09 Sept 2019 | 09 Oct 2019 | 58 | 20% | 48% | 32% | 30% |
| 11 Sept 2018 - 09 Mar 2019 | 09 Apr 2019 | 57 | 24% | 47% | 29% | 31% |
| 11 Mar 2018 - 10 Sept 2018 | 09 Oct 2018 | 53 | 27% | 49% | 24% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 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
No additional information
Maximum contractual payment period agreed
90
Disputes are resolved by negotiation involving the relevant parties
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
Habitat Retail Limited is the registered entity operating the Habitat brand, which forms part of the Sainsbury's Group. According to the group's own careers site, Habitat is described as being home to outstanding, accessible British design and has been shaping the way people live since 1964, retailing furniture and home furnishings. The wider Sainsbury's Group encompasses supermarkets, Argos, Nectar, Tu clothing and Sainsbury's Bank, but the evidence does not detail Habitat Retail Limited's own operations beyond its retail role within this group. The company is registered in London and its status is listed as active.
Generated from the company's website and Companies House records. Sources: sainsburys.jobs