Their own payment-practices filing · gov.uk
Outfit Retail Limited paid suppliers in 95 days on average — 5 days past its stated terms
Their H1 2020 filing put the average 5 days past the 90-day term they state.
- Their stated terms
- 60–90 days
- Paid outside agreed terms
- 53% of invoices
- Paid after 61+ days
- 48%
- Reporting period
- 1 Mar 2020 – 29 Aug 2020
- Source
- their gov.uk filing, filed 31 Oct 2020
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2020 filing
Paid 5 days past their stated terms
Where their invoices landed · share of all invoices
The pattern · last 6 of 6 reports
30 → 95 days — slower across the window
The read · computed from their figures
Outfit Retail Limited's H1 2020 filing put their average at 95 days against stated terms of 60–90 days; 53% of invoices were paid outside agreed terms and 48% took 61 days or longer. Filed 31 Oct 2020.
The direction is slower: from 30 days in H1 2018 to 95 now — 65 days slower across their last 6 reports.
That is 6 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Goods not for resale – Invoices are paid weekly, on 60 days payment terms Goods for resale – Invoices are twice weekly, on 90 days payment terms Settlement discount applied to all goods for resale invoices as below – Direct Imports suppliers – 4% Landed suppliers – 18.25%
Dispute resolution
Queries from the Company’s suppliers are directed through a central Supplier Liaison team within Accounts Payable. The following service level agreements are in place to ensure we respond to our suppliers within an acceptable time frame: (a) Urgent queries – 24 hours from receipt of query; and (b) Non-urgent queries – 48 hours from receipt of query. The initial contact points for suppliers are as follows: (a) Goods for resale – [email protected] (b) Goods not for resale – [email protected]
Other information
Payment terms were amended, in consultation with our suppliers, in response to the COVID-19 pandemic and its impact on trading. In addition payment processes were amended and payment runs made less frequently as a proportion of staff were furloughed. Adjusting for these two factors the % of payments made while overdue would have been 30%.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2020 | 95 | 53% | 48% | 31 Oct 2020 |
| H1 2020 | 52 | 39% | 12% | 1 Apr 2020 |
| H1 2019 | 70 | 65% | 18% | 4 Oct 2019 |
| H1 2019 | 64 | 42% | 19% | 1 Apr 2019 |
| H2 2018 | 40 | 34% | 15% | 27 Sept 2018 |
| H1 2018 | 30 | 29% | 10% | 22 Mar 2018 |
On the public register · Companies House
Company record
- Status
- Liquidation
- Type
- Private Limited Company
- Incorporated
- 12 Jul 2001
- Registered office
- C/O TENEO FINANCIAL ADVISORY LIMTED THE COLMORE BUILDING, BIRMINGHAM, B4 6AT
Illustrative · working-capital arithmetic
What a 95-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 95-day vs a 60-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · Outfit Retail Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-04251395 · latest period to 29 Aug 2020
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