LE CREUSET U.K. LIMITED
Company number: 00457936
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
26 July 2019
Approved by:
A N Ryder
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 89%
- in 31 to 60 days: 8%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 15%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Unless otherwise agreed in advance with suppliers standard payment terms are set at 30 days of receipt of a valid invoice. We do look to reduce terms to a minimum of 7 days to support our smaller independent suppliers. Supplier credit notes are utilised in line with their individual terms
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 annual billing paid monthly on a DD basis . Council tax, business rates, car charges etc
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 with regards to the query with an emphasis on resolving.
Disputes should be addressed to finance.uk@lecreuset.com
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