LE CREUSET U.K. LIMITED
Company number: 00457936
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 29 January 2021
and approved by Nick Ryder
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 13%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 19 %
Payment terms
Standard payment period for qualifying contracts
30 days
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 would however look to reduce these 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
Maximum contractual payment period agreed
365 days
We have annual billing paid by DD on a monthly basis
re: Councils and Business Rates, Car Charges etc.
Any other information about payment terms
N/A
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 Supplier with regards to query with emphasis on resolving
Disputes for Le Creuset UK suppliers can be raised by emailing 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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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