PSL2021 REALISATIONS LIMITED
Company Information
- Company Number
- SC285031
- Registered Address
- C/O Frp Advisory (London), Suite 2b Johnstonehouse, 52-54 Rose Street, Aberdeen, AB10 1UD
- Status
- Liquidation
- Employee Count
- 6,336
- Turnover
- £192,421,000
- EBITDA
- £24,370,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 May 2005
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Fashion
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
PSL2021 REALISATIONS LIMITED exhibits a consistently slow payment trend, with an average payment time of 70 days. A significant 80% of invoices are paid beyond 30 days, with 40% of payments consistently extending beyond 60 days, indicating a deeply entrenched pattern of extended payment cycles.
Volatility Analysis
The company's payment behavior suggests low predictability for timely settlements, given the substantial proportion of payments exceeding 30 days. With 29% of payments officially categorized as late, suppliers face a considerable and recurring risk of not receiving funds within their agreed terms, leading to unreliable cash flow projections.
Summary Analysis
Suppliers engaging with PSL2021 REALISATIONS LIMITED must anticipate significantly extended payment terms and a high probability of late payments. Key decision factors include the supplier's capacity to absorb average 70-day payment cycles and manage nearly 30% late payments without undue financial strain. Mitigation strategies should involve strict credit limits, clear late payment penalties, or negotiation for upfront payments on high-value orders.
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 |
|---|---|---|---|---|---|---|
| 01 Mar 2019 - 31 Aug 2019 | 10 Oct 2019 | 70 | 20% | 40% | 40% | 29% |
| 01 Sept 2018 - 28 Feb 2019 | 08 May 2019 | 67 | 23% | 27% | 50% | 31% |
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
Standard terms of payment for goods for resale is 130 days, although there are variants to this, other contracts for goods and services not for re-sale vary from 30 days to 90 days.
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
130
Dispute Resolution Process
Overdue - Supplier contacts AP department by email or telephone. Missing invoices are emailed to expedite resolution. Invoice paid on 1st weekly payment run after approval. Disputed - respective supplier and customer relationship managers put in direct contact to agree reason for dispute and mutually agreeable resolution.
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.
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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
Company Summary
PSL2021 REALISATIONS LIMITED operates as a private limited company, primarily involved in the realisation of assets. The company's current status is liquidation.
Registered under company number SC285031, PSL2021 REALISATIONS LIMITED was incorporated on 19 May 2005. Its registered office is located in Scotland at C/O Frp Advisory (London), Suite 2b Johnstonehouse, 52-54 Rose Street, Aberdeen, AB10 1UD.
Companies with "Realisations" in their name, especially when in liquidation, typically focus on the process of converting a company's assets into cash. This involves identifying, securing, valuing, marketing, and selling tangible and intangible assets within the UK market. The proceeds are subsequently distributed to creditors and shareholders in accordance with legal priorities.
