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.
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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
Habitat Retail Limited is a British home furnishings retailer that offers a wide range of sustainable products and services. Established in 1964, the company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes using responsibly sourced materials, reducing waste and energy consumption, and promoting recycling and circular economy principles. They also work closely with their suppliers to ensure ethical and sustainable practices are followed in the production process.
Habitat Retail Limited offers a variety of sustainable products, including furniture, lighting, home accessories, and textiles. They have a dedicated range of products made from recycled materials and eco-friendly materials such as bamboo and organic cotton. They also offer a furniture recycling service to encourage customers to dispose of their old furniture responsibly.
The company is led by CEO Clare Askem, who is committed to driving sustainability in the business. She has implemented various initiatives, such as the Habitat Foundation, which supports communities and environmental projects around the world.
Customers can shop at Habitat Retail Limited through their website or visit one of their physical stores located across the UK. The company's registered office address is at 489-499 Avebury Boulevard, Milton Keynes, MK9 2NW.
Overall, Habitat Retail Limited is a leader in sustainable home furnishings and is committed to making a positive impact on the environment and society. Their dedication to sustainability, wide range of products and services, and strong leadership make them a top choice for eco-conscious consumers.