Ranked in 5 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time for GAME RETAIL LIMITED to pay invoices has been increasing over the past three periods, going from 30 days in the first period to 35 days in the most recent period. However, there was a slight decrease in the fifth period, where the average time to pay was 27 days.
The volatility of the average time to pay for GAME RETAIL LIMITED has been relatively low over the past three periods, with the largest change being a decrease of 3 days in the fifth period.
Overall, there has been a slight increase in the average time for GAME RETAIL LIMITED to pay invoices over the past three periods. However, there was a decrease in the fifth period. The percentage of invoices paid within 30 days has also slightly decreased, with a slight increase in the sixth period. The percentage of invoices paid later than 60 days has been fluctuating, with a high in the sixth period.
| 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 Apr 2022 - 22 Oct 2022 | 05 Apr 2023 | |||||
| 25 Oct 2021 - 24 Apr 2022 | 25 Apr 2022 | |||||
| 25 Apr 2021 - 24 Oct 2021 | 25 Apr 2022 | |||||
| 25 Oct 2020 - 24 Apr 2021 | 08 Jun 2021 | 35 | 50% | 36% | 14% | 18% |
| 26 Apr 2020 - 25 Oct 2020 | 24 Nov 2020 | 33 | 51% | 39% | 10% | 26% |
| 28 Jul 2019 - 25 Apr 2020 | 09 Jun 2020 | 32 | 54% | 31% | 15% | 34% |
| 28 Jul 2019 - 25 Jan 2020 | 25 Feb 2020 | 31 | 61% | 30% | 9% | 14% |
| 27 Jan 2019 - 28 Jul 2019 | 27 Aug 2019 | 27 | 65% | 28% | 7% | 12% |
| 29 Jul 2018 - 26 Jan 2019 | 26 Feb 2019 | 30 | 61% | 30% | 9% | 21% |
| 28 Jan 2018 - 28 Jul 2018 | 28 Aug 2018 | 30 | 62% | 31% | 7% | 20% |
| 30 Jul 2017 - 27 Jan 2018 | 28 Feb 2018 | 30 | 62% | 30% | 8% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Goods for resale - 30 days Goods not for resale - 30 days Rent 1-7 days This is with the exception, that some suppliers are on extended terms (60 days)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Due to our inability to date track documents in to our business, we have had to use the supplier document date, as the basis for our statistics. This will go some way towards explaining the percentage of late payments. There are a large number of suppliers who are paid on a sell through basis, with payment terms of 7 days - leaving little time to turnaround queries, or issue payments when invoice submission is late. The data for this reporting period includes a number of weeks across the national lockdown where extended terms were negotiated with suppliers
Maximum contractual payment period agreed
90
GAME Retail Ltd values strong collaborative relationships across our supplier base, and we place high importance on ensuring queries are resolved in a timely manner. In the first instance vendors will raise a dispute with the Accounts Payable team. If the GAME/ supplier transactional teams are unable to resolve the query with the information provided it will then be escalated to the relevant Commercial contacts in both businesses for review.
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
GAME RETAIL LIMITED operates as GAME, a specialist retailer selling video game consoles, games, gaming PCs, tech accessories, toys and related merchandise through its website and physical stores. Its site describes it as a gaming specialist covering consoles, games and accessories from brands including Xbox, PlayStation, Nintendo, LEGO and Pokémon. The company offers online ordering with delivery and collection, and provides a buy-now-pay-later finance option, Frasers Plus, for customers. It also runs a store finder and customer service functions such as order tracking and returns. The registered SIC code covers retail of electrical household appliances, though the trading activity described is specialist video game and technology retailing.
Generated from the company's website and Companies House records. Sources: game.co.uk · game.co.uk