AG RETAIL CARDS LIMITED
Company Information
- Company Number
- 08087453
- Registered Address
- 10 Fleet Place, London, EC4M 7QS
- Status
- Dissolved
- Employee Count
- 3,405
- Turnover
- £188,791,000
- EBITDA
- -£10,459,000
Additional Details
- Website
- https://clintonsretail.com
- Company Type
- Private limited Company
- Incorporated On
- 29 May 2012
- Nature of Business
- 47789 - Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
- Industries
- Supply Chain
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for AG RETAIL CARDS LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in the most recent period compared to the previous two. The percentage of invoices paid within 30 days has also decreased, while the percentage of invoices paid between 31 and 60 days has increased. The percentage of invoices paid later than 60 days has remained relatively stable, but there has been a significant increase in the percentage of invoices not paid within agreed terms.
Volatility Analysis
The volatility of AG RETAIL CARDS LIMITED's payment behavior can be seen in the changes in the percentage of invoices paid within 30 days and between 31 and 60 days. These percentages have fluctuated significantly over the past three periods, indicating potential inconsistencies in the company's payment process.
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 Feb 2019 - 03 Aug 2019 | 02 Sept 2019 | 34 | 70% | 7% | 23% | 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
Negotiated with suppliers but normally settle on 30 day terms
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
90
Dispute Resolution Process
For Trade payments - There is ‘Routing Guide’ which our buying team do provide to new suppliers of which the vendor must sign to agree to our T&C’s. Invoices held up and shown on our exceptions report these are reviewed daily which usually relate to overcharges in cost prices or shortages in items of stock and requests for credits are emailed to the vendor within 24/48 hours then the ball is in the vendors court as to how quick they respond to settle the dispute so invoice(s) are captured and paid within the next payment run. Other payments (non-trade) – Department heads who set up new accounts do know to tell the vendors to email invoices to our central machine, these are processed into our accounts system and scanned into invoice routing system (Zlab) daily. It’s up the each budget holder to approve invoices once they appear in there ZYlab inbox and resolve any disputes with the vendor. If AP are chased by vendors for any invoices overdue for payment which have not been approved we usually chase up the budget holder to resolve directly with the vendor. Once the dispute is resolved and approved, the invoice(s) are then captured and paid within the next payment run.
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.
❌
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
Company Summary
AG Retail Cards Limited is a UK-based company that specializes in providing retail and loyalty card solutions to businesses. The company was founded in 2005 and is headquartered in London.
The company's main focus is on sustainability and they have a dedicated sustainability program in place. This includes initiatives such as reducing carbon footprint, using eco-friendly materials, and promoting sustainable practices among their employees and clients.
AG Retail Cards Limited offers a range of products and services to their clients, including loyalty and gift cards, membership cards, and access control cards. These cards can be fully customized to meet the specific needs and branding of each business.
The key people at AG Retail Cards Limited include the company's CEO, who has over 20 years of experience in the card industry, and a team of professionals with expertise in design, production, and customer service.
For any inquiries or to learn more about their products and services, customers can contact AG Retail Cards Limited through their website or by visiting their registered office address in London. The company's website also provides information on their sustainability program and the various customizable card options they offer.
In conclusion, AG Retail Cards Limited is a sustainable company that provides high-quality retail and loyalty card solutions to businesses. With their commitment to sustainability and experienced team, they have established themselves as a trusted provider in the industry.
