PARFUMS CHRISTIAN DIOR(U.K.)LIMITED
Company number: 01012371
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
30 July 2019
Approved by:
Loic Henriot
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 14%
- in 61 days or more: 33%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Normal terms are 45 days from the end of the month
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
60 days
Intercompany invoices are 60 days
Any other information about payment terms
Event and Merchandising invoices are 0 days are payments are in advance in some cases or deposits
Dispute resolution process
Contact suppliers and advise the issue and why no payment has been made. As an example if there is an issue with the shortfall on a PO or additional information is needed from the supplier that has not been stated. The internal budget holders are notified by email or phone call to action on their end and accelerate the payment and to also liaise with the suppliers. Supplier reconciliations are done on a monthly basis and a parked list is manitained for outstanding invoices
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