LE CREUSET U.K. LIMITED
Company number: 00457936
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
30 January 2019
Approved by:
Nick Ryder
Payment statistics
Average time taken to pay invoices: 18 days
Invoices paid:
- within 30 days: 85%
- in 31 to 60 days: 12%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 17%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
We do not set standard payment terms. We try and adhere to terms set by our suppliers. Most terms are 30 days. We have some smaller suppliers where we agree immediate, 7 day or 14 day payments to help support those suppliers and their cash flows
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
365 days
We have some suppliers that bill annually and take monthly payments via direct debit such as business rates, councils, and car leases
Any other information about payment terms
No further comment provided
Dispute resolution process
Every case is considered on an individual basis. Evidence is collected from both parties to support/query the charge. Communication is upheld with the supplier and we work with them to resolve the queries so payment can be made.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No