MCCOLL'S RETAIL GROUP PLC
Company Information
- Company Number
- 08783477
- Registered Address
- 8th Floor Central Square, 29 Wellington Street, Leeds, LS1 4DL
- Status
- In Administration
- Employee Count
- 18,189
- Turnover
- £1,258,100,000
- EBITDA
- £51,600,000
Additional Details
- Website
- https://www.mccolls.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 20 November 2013
- Nature of Business
- 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating64209 - Activities of other holding companies not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
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 |
|---|---|---|---|---|---|---|
| 25 Nov 2019 - 24 May 2020 | 13 Aug 2020 | 52 | 7% | 82% | 11% | 15% |
| 26 Nov 2018 - 26 May 2019 | 01 Jul 2019 | 52 | 5% | 73% | 22% | 11% |
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
Our shortest standard payment terms are 42 days. We negotiate separate payment terms individually with suppliers.
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
56
Dispute Resolution Process
Claims for disputed invoices are raised to the supplier detailing its nature - quantity discrepancy (short delivery) or a pricing query. If the claim relates to a pricing query this is submitted to the supplier along with the supporting evidence from the buyers and remains on hold until resolved. If quantity discrepancy then where full delivery is missing we request a proof of delivery and hold payment until received, if part delivery is missing the invoice is processed and paid in full and credit is claimed. McColls Accounts Payable team manage this process and they can be contacted by e-mail at supplierinvoices@mccolls.co.uk or by phone at 01277 288 893.
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.
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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?
❌
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
McColl's Retail Group PLC is a leading convenience retailer in the UK with over 1,400 stores nationwide. The company's focus is on providing affordable, quality products and services to their customers, while also prioritizing sustainability and ethical practices.
Their sustainability program, "Our Plan for a Better World," aims to reduce their environmental impact through initiatives such as reducing plastic usage, promoting recycling, and sourcing products from sustainable and ethical suppliers. They also support local communities through various charitable partnerships and initiatives.
McColl's offers a wide range of products, including groceries, household items, and newspapers and magazines. They also have a popular in-store bakery and offer various services such as parcel collection and National Lottery tickets.
The key people at McColl's Retail Group PLC include CEO Jonathan Miller, who has over 25 years of experience in the retail industry, and CFO Simon Fuller, who has been with the company since 2017.
The company's website address is www.mccollsplc.co.uk, where customers can find information about their products, services, and sustainability efforts. Their registered office address is at McColl's Retail Group PLC, 2nd Floor, 200 Aldersgate, London, EC1A 4HD.
In conclusion, McColl's Retail Group PLC is a well-established convenience retailer in the UK with a strong focus on sustainability and providing affordable, quality products and services to their customers. Their commitment to ethical and responsible practices sets them apart in the retail industry.
