DERMALOGICA (UK) LIMITED
Company number: 02263856
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
25 August 2021
Approved by:
Anthony Rudd
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 21%
- in 61 days or more: 22%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 44%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
Answer not provided
Standard payment terms
Dermalogica UK Ltd standard payment terms are 30 days from invoice date of a valid invoice. Exceptions do exist for some SME suppliers, where terms can be 14 days or CWO. Other exceptions include Dermalogica LLC, who provide our stock on 60 day payment terms, however, we choose to settle these all before the end of the month they are invoiced.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Our suppliers can get in touch with Dermalogica's Accounts Payable team for any invoice or payment queries via phone or email.
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