| 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 May 2020 - 31 Oct 2020 | 02 Dec 2020 | 49 | 37% | 49% | 14% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
SDI HOF standard term is end of the month following which makes up 79% of the invoices. The remaining contracts are negotiated with individual supplier as part of their contract. The amounts disclosed is the average standard payment terms.
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
60
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
SDI (HOFCO) LIMITED is a holding company registered at the Shirebrook site associated with Frasers Group, the operator of Sports Direct. Its official activity classification is that of a holding company rather than a trading business. The wider group, trading as Sports Direct, is a sports retailer selling clothing, footwear and equipment from brands such as Nike, adidas and Slazenger, both online and through stores across the UK, Europe and Malaysia. SDI (HOFCO) LIMITED itself does not appear to trade directly with customers but forms part of this corporate structure, incorporated in December 2012 and recorded as active with Companies House.
Generated from the company's website and Companies House records. Sources: sportsdirect.com · sportsdirect.com