The average time taken for GO OUTDOORS RETAIL LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in the most recent period. The percentage of invoices paid within 30 days has also decreased in the most recent period, while the percentage of invoices paid between 31 and 60 days has increased. However, there has been an improvement in the percentage of invoices paid later than 60 days.
The volatility in the average time taken to pay invoices for GO OUTDOORS RETAIL LIMITED has been relatively low, with only a 2-day difference between the shortest and longest standard payment period. However, there has been some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days, with changes of 10% and 11% respectively over the past three periods.
GO OUTDOORS RETAIL LIMITED has improved in paying invoices within the agreed terms in the most recent period, with a decrease in the percentage of invoices paid later than 60 days. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. This suggests that the company may be experiencing some cash flow issues, but is still making an effort to pay invoices within an acceptable time frame.
| 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 |
|---|---|---|---|---|---|---|
| 29 Jan 2023 - 29 Jul 2023 | 29 Aug 2023 | 40 | 55% | 31% | 14% | 40% |
| 31 Jul 2022 - 28 Jan 2023 | 29 Aug 2023 | 51 | 43% | 31% | 26% | 58% |
| 30 Jan 2022 - 30 Jul 2022 | 30 Sept 2022 | 39 | 54% | 29% | 17% | 56% |
| 01 Aug 2021 - 29 Jan 2022 | 16 Mar 2022 | 51 | 33% | 40% | 27% | 62% |
| 31 Jan 2021 - 31 Jul 2021 | 16 Mar 2022 | 50 | 43% | 32% | 25% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days
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
Invoices are matched on receipt and disputed invoices notified to the supplier
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
GO OUTDOORS RETAIL LIMITED is a British company that specializes in outdoor retail and camping equipment. They have a strong commitment to sustainability and offer a range of products and services to help customers enjoy the great outdoors while minimizing their impact on the environment.
The company offers a variety of outdoor products, including clothing, footwear, camping gear, and accessories from well-known brands such as The North Face, Berghaus, and Rab. They also have their own brand, Calibre, which focuses on sustainable and ethically sourced materials.
In addition to their products, GO OUTDOORS RETAIL LIMITED has a sustainability program in place to reduce their own environmental impact. This includes initiatives such as using renewable energy sources, reducing waste, and promoting recycling. They also offer a repair and recycle service for their products to extend their lifespan and prevent them from ending up in landfills.
The key people at GO OUTDOORS RETAIL LIMITED include CEO Lee Bagnall and Chairman Colin Holmes. They have a team of experienced and knowledgeable staff who are passionate about the outdoors and can provide expert advice to customers.
For those interested in purchasing from GO OUTDOORS RETAIL LIMITED, they have multiple physical stores across the UK as well as an online store. Their website address is www.gooutdoors.co.uk and their registered office address is Cuthbert House, Arley Street, Sheffield, S2 4QP.
In conclusion, GO OUTDOORS RETAIL LIMITED is a reputable British company that offers a wide range of outdoor products and services while prioritizing sustainability. With their strong commitment to the environment and knowledgeable staff, they are a go-to destination for outdoor enthusiasts.