Registration Number
12645185
Registered Address
Unit Dc2 Viscount Way South Marston Industrial Estate Swindon Wiltshire England SN3 4TN
Company Status
Active
Employee Count
1167
Turnover
£283,714,000
EBITDA
£-12,691,000
Website
m.oakfurnitureland.co.uk/Company Type
Private limited Company
Incorporated on
4 June 2020
Nature of Business (SIC)
47599 - Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Industries
Furniture, furnishings and fixtures
Region
South West£1,819,000
£-46,055,000
Filed
31 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
30 days
Payment Periods
Shortest
60 days
Longest
0 days
Max Contractual
90 days
Not Paid Within Terms
34%
| 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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 30 | 85% | 12% | 2% | 34% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 32 | 90% | 8% | 2% | 33% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 31 | 85% | 14% | 1% | 38% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 32 | 85% | 2% | 13% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 33 | 85% | 13% | 2% | 26% |
OAK FURNITURELAND GROUP LIMITED is a furniture company based in the United Kingdom
The company specializes in the manufacturing and retailing of oak furniture
The company was founded in 2004 and has since grown to become one of the leading furniture retailers in the UK
The company prides itself on its commitment to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using sustainably sourced oak wood from FSC certified forests, reducing carbon emissions in its supply chain, and implementing recycling and waste reduction programs
OAK FURNITURELAND GROUP LIMITED offers a wide range of products, including dining room furniture, bedroom furniture, living room furniture, and home accessories
The furniture is made from high-quality oak wood and is designed to be both stylish and durable
The key people in OAK FURNITURELAND GROUP LIMITED include CEO Alex Fisher, Chairman Jason Tyldesley, and COO Rob Estell
These individuals have extensive experience in the furniture industry and are committed to driving the company's success and sustainability efforts
Customers can visit the company's website, www.oakfurnitureland.co.uk, to browse and purchase furniture online
The website also provides information on the company's sustainability program and initiatives
The registered office address for OAK FURNITURELAND GROUP LIMITED is Unit 10a, Viscount Way, South Marston Industrial Estate, Swindon, SN3 4TN, United Kingdom
In conclusion, OAK FURNITURELAND GROUP LIMITED is a leading furniture retailer in the UK, known for its commitment to sustainability
The company offers high-quality oak furniture and is led by a team of experienced individuals
Customers can visit the company's website or registered office for more information on its products and sustainability efforts
The average time taken by OAK FURNITURELAND GROUP LIMITED to pay invoices has remained relatively stable over the past three periods, with a slight decrease from 33 days in the first period to 30 days in the most recent period.
The company's volatility in paying invoices can be seen in the changes in the percentage of invoices paid within 30 days, which ranged from 85% to 90% over the past three periods. The percentage of invoices paid later than 60 days also varied significantly, with a high of 13% in the second period and a low of 1% in the third period.
In general, OAK FURNITURELAND GROUP LIMITED has been consistently paying invoices within an average of 30-33 days over the past three periods. However, there have been some notable changes in the percentage of invoices paid within 30 days and those paid later than 60 days.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Normal standard payment terms are 60 days from date of invoice.
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
Suppliers can telephone accounts department directly or email accounts@ofl.co.uk. Suppliers should in the first instance contact the requestor of the goods or services if a dispute is raised or the invoice is not approved for payment, to resolve the dispute directly with the department who are responsible for the procurement.
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?
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