REPUBLIC.COM RETAIL LIMITED exhibits an average payment time of 24 days, with 72% of payments processed within 30 days, indicating a largely swift payment trend for the majority of transactions. However, a significant 57% of all payments are categorized as late, suggesting inconsistent adherence to payment terms despite the favorable average. This dual trend indicates that while many invoices are paid promptly, a substantial portion experiences delays, impacting overall payment reliability.
The high 57% late payment rate introduces considerable volatility and unpredictability for suppliers regarding payment timelines. While 72% of payments are reliable within 30 days, the remaining 28% carry a higher risk, with 18% extending to 31-60 days and a notable 10% taking over 60 days to settle. This wide spread in payment duration means suppliers face a significant chance of encountering extended delays, making accurate cash flow forecasting challenging.
Suppliers should assess REPUBLIC.COM RETAIL LIMITED as a client with moderate payment risk due to the high 57% late payment rate, despite an average payment time of 24 days. Key decision factors include the tolerance for potential significant delays on a portion of invoices, as 28% extend beyond standard 30-day terms, with 10% exceeding 60 days. To mitigate this risk, suppliers should consider implementing stricter credit terms, negotiating for early payment incentives, or adjusting credit limits to account for potential payment delays.
| 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 |
|---|---|---|---|---|---|---|
| 01 Nov 2019 - 30 Apr 2020 | 30 Nov 2020 | 66 | 35% | 17% | 48% | 78% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 24 | 72% | 18% | 10% | 57% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 29 | 69% | 25% | 6% | 68% |
| 01 May 2018 - 31 Oct 2018 | 29 Nov 2018 | 33 | 68% | 29% | 3% | 38% |
| 01 Nov 2017 - 29 Apr 2018 | 29 May 2018 | 24 | 72% | 22% | 6% | 31% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 36 | 61% | 28% | 11% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard term is end of the month following.
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
59
The Account Payable department is responsible for dispute resolution. Disputes are resolved by negotiation with individual suppliers to ensure that a resolution is reached before the payment due date.
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
REPUBLIC.COM RETAIL LIMITED is an active private limited company, established to conduct retail operations. The inclusion of ".COM" in its name indicates a focus on online retail activities.
This company was incorporated on 11 October 2012, holding company number 08248997. Its registered office is located at Unit A Brook Park East, Shirebrook, NG20 8RY, within the East Midlands region.
Companies of this type typically specialise in the sale of goods directly to consumers. This involves sourcing products, managing inventory, and facilitating sales through various channels, including online platforms and physical retail outlets across the UK.